Implications of Ownership Structure on Firm Value with Financial Decision as Intervening Variable (State-owned Enterprise Sector of Indonesia Stock Exchange)

Susanti, Neneng (2023) Implications of Ownership Structure on Firm Value with Financial Decision as Intervening Variable (State-owned Enterprise Sector of Indonesia Stock Exchange). Disertasi(S3) thesis, UNIVERSITAS PASUNDAN.

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Abstract

This study aims to find out the implication of ownership structure on firm values with financial decisions as the intervening variable on manufacturing enterprises registered in the IDX. The samples taken were 14 enterprises from 20 state-owned enterprises (BUMN) between 2015 and 2017. The method was structural equation model (SEM) with the employment of AMOS 23.0 software. The results showed that ownership structure influences investment decisions and dividend policies while funding decisions do not affect ownership structure. Investment decisions and dividend policies influence firm values, but give no impact on financial decisions. Furthermore, investment decisions, financial decisions and dividend policies cannot function as intervening variables in affecting the ownership structure on firm values. Key words: Ownership Structure, Investment Decision, Financial Decision, Dividend Policy, and Firm Valu

Item Type: Thesis (Disertasi(S3))
Subjects: RESEARCH REPORT
Divisions: Pascasarjana > S3-Ilmu Manajemen 2023
Depositing User: asep suryana
Date Deposited: 24 Jun 2023 03:51
Last Modified: 24 Jun 2023 03:51
URI: http://repository.unpas.ac.id/id/eprint/64207

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