PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN KEBIJAKAN HUTANG TERHADAP NILAI PERUSAHAAN SUB SEKTOR PERDAGANGAN ECERAN DI BURSA EFEK INDONESIA PERIODE 2015-2019

Abstract

Managerial ownership is the proportion of shares owned by managers, institutional ownership is share ownership owned by institutions. Debt policy is a policy made by a company to fund its operations using financial debt. The three components are thought to have an impact on firm value, which in this case is measured using the Price to Book Value ratio. This study aims to determine the effect of managerial ownership, institutional ownership and debt policy on firm value. The object of this research is retail trading sub-sector companies on the Bursa Efek Indonesia in 2015-2019. The analytical model used is multiple linear regression. From the results of this study concluded that managerial ownership has no effect on firm value, partially institutional ownership has a negative and significant effect on firm value, and partially debt policy has a non-significant positive effect on firm value. If you want to increase the value of the company, you need to pay attention to institutional ownership and debt policy, excessive institutional ownership will actually reduce the value of the company, in addition to debt policy, although it has a positive effect on company value, it should not be excessive.