ANALISIS PENGARUH STRUKTUR KEPEMILIKAN KELUARGA TERHADAP NILAI PERUSAHAAN PADA BADAN USAHA SEKTOR MANUFAKTUR DI BEI TAHUN 2011-2012

  • Inggrid Hartanto Jurusan Akuntansi Fakultas Bisnis dan Ekonomika Universitas Surabaya
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Keywords: Perusahaan Keluarga, Persentase Kepemilikan Keluarga, Nilai Perusahaan, TOBIN’S Q, ROA

Abstract

Penelitian ini bertujuan untuk mengetahui apakah perusahaan keluarga di Indonesia yang dipegang oleh anggota keluarga sendiri dapat meningkatkan nilai dari perusahaan atau sebaliknya dapat menghancurkan nilai perusahaan keluarga. Penelitian ini menggunakan pendekatan kuantitatif dan metode multivariate regression. Sampel yang digunakan dalam penelitian ini adalah perusahaan manufakrur yang terdaftar di BEI selama periode 2011-2012 yang berjumlah 156 perusahaan. Hasil dari penelitian ini menunjukkan bahwa family ownership percentage berpengaruh terdahap nilai perusahaan. Namun, family firm tidak berpengaruh pada nilai perusahaan. Untuk variabel kontrol yang meliputi leverage, sales growth, firm’s age, board size, founder CEO tidak berpengaruh pada nilai perusahaan. Sedangkan, institutional percentage berpengaruh terhadap nilai perusahaan dan family CEO berpengaruh pada nilai perusahaan. Hal ini menunjukkan bahwa family ownership, institutional percentage dan family CEO dapat digunakan sebagai pertimbangan untuk mengukur nilai dari perusahaan. 

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Published
2014-09-01
Issue
Vol. 3 No. 2 (2015): Calyptra : Jurnal Ilmiah Mahasiswa Universitas Surabaya (Maret)
Section
Bidang Akuntansi (AK)

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