Institutional Role and Foreign Ownership in Capital Structure Decisions in Managerial Ownership Companies


S. Martono, - and Arief Yulianto, FE Manajemen and Lennora Putit, - and Ima Widiyanah, - (2020) Institutional Role and Foreign Ownership in Capital Structure Decisions in Managerial Ownership Companies. International Journal of Advanced Science and Technology, 29 (8). pp. 24-31.

[thumbnail of Turnitin Institutional Role and Foreign Ownership in Capital Structure Decisions in Managerial Ownership Companies.pdf]
Preview
PDF - Published Version
Download (1MB) | Preview
[thumbnail of Review Institutional Role and Foreign Ownership in Capital Structure Decisions in Managerial Ownership Companies.pdf]
Preview
PDF - Published Version
Download (148kB) | Preview

Abstract

The manager will conduct power voting by more preferring the use of equity rather than debt. Therefore, the purposes of this research are (a) is there any capital structure decision differences in managerial ownership companies after the presence of institutional ownership (b) is there any capital structure decision differences in managerial ownership companies after the presence of foreign ownership. The research data were from the recorded companies in the Indonesian Stock Exchange 2009-2018. The data of 22 companies with managerial ownership, the data of 198 managerial ownership companies after the presence of institutional ownership, the data of 86 companies with managerial ownership with the presence of foreign ownership were collected. The result of the research showed that there were no significant differences in capital structure decisions of managerial ownership companies after the presence of institutional and foreign ownership. The role of monitoring towards managerial ownership companies was not effective, because of the asymmetry information and family ownership structure affiliated direction.

Item Type: Article
Uncontrolled Keywords: Voting Power of managerial ownership, Monitoring from Institutional and Foreign Ownership.
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Fakultas: Fakultas Ekonomi > Manajemen, S1
Depositing User: mahargjo hapsoro adi
Date Deposited: 05 Apr 2021 07:38
Last Modified: 05 Apr 2021 07:38
URI: http://lib.unnes.ac.id/id/eprint/43668

Actions (login required)

View Item View Item