Linear and Non-linear Approaches in Testing Managerial Ownership on the Firm Value: Evidence Indonesian Firms

Arief Yulianto, FE Manajemen (2014) Linear and Non-linear Approaches in Testing Managerial Ownership on the Firm Value: Evidence Indonesian Firms. IOSR Journal of Business and Management (IOSR-JBM), 16 (9). pp. 1-5. ISSN e-ISSN: 2278-487X, p-ISSN: 2319-7668.

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Abstract

The purpose of this study was to determine the effect of managerial ownership on firm value through the linear and non-linear approaches. This study was conducted on 54 observations which included the Indonesian Most Trusted Companies in 2008 until 2011. The results of this study showed that managerial ownership does not have a linear effect on the firm value, but have non-linear effect on the firm value. Turning point in the managerial ownership were 3.36% and15.15%. At ownership of 0%-3.36%, it may cause a decrease in the value of the company (entrenchment effect) while 3.36% to 15.15% ownership may result in an increase in the value of the company (alignment effect)

Item Type:	Article
Uncontrolled Keywords:	Managerial Ownership, Linier, Non-Linier Approaches, Firm Value
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management L Education > L Education (General) > Education Management
Fakultas:	Fakultas Ekonomi > Akuntansi, S1
Depositing User:	Setyarini UPT Perpus
Date Deposited:	13 May 2022 03:19
Last Modified:	13 May 2022 03:19
URI:	http://lib.unnes.ac.id/id/eprint/49734

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