FAKTOR-FAKTOR YANG MEMENGARUHI FIRM VALUE DENGAN FIRM PERFORMANCE SEBAGAI VARIABEL MEDIASI

Henryanto Wijaya, Eugenia Steviana, Erica Setiono, Yuliana Yuliana

Abstract


The purpose of this research is to obtain empirical evidence about the effects of family ownership, independent commissioner, audit committee, institutional ownership, managerial ownership and foreign ownership on firm value using firm performance as a mediating variable. This research was conducted by taking 135 samples from manufacturing companies and listed in IDX from 2017-2019. The sample selection technique used is purposive sampling. SmartPLS 3.3.2 is used to analyze data. The result shows that institutional ownership and firm performance has a positive and significant effect on firm value, independent commissioner have a negative and significant effect on firm value, family ownership and audit committee has a positive but not significant effect on firm value while managerial ownership and foreign ownership has a negative but not significant effect on firm value. Besides, firm performance can mediate the effect of institutional ownership on firm value, but can’t mediate the effect of family ownership, audit committee, institutional ownership, managerial ownership, and foreign ownership on firm value


Keywords


Family Ownership, Independent Commissioner, Audit Committee, Institutional Ownership, Managerial Ownership, Foreign Ownership, Firm Performance and Firm Value

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References


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