Rifka Devi
Jurusan Manajemen Fakultas Ekonomi dan Bisnis Universitas Syiah Kuala

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PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, DAN KEPEMILIKAN PEMEGANG SAHAM BLOK TERHADAP BIAYA AGENSI PADA PERUSAHAAN NON-KEUANGAN DI BURSA EFEK INDONESIA (BEI) Rifka Devi; Faisal Faisal
Jurnal Ilmiah Mahasiswa Ekonomi Manajemen Vol 6, No 1 (2021): Februari
Publisher : Departemen Manajemen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jimen.v6i1.16224

Abstract

This study aims to determine the effect of managerial ownership, institutional ownership, and block shareholder ownership on agency costs in non-financial companies on the Indonesia Stock Exchange (BEI). This study uses panel data with 23 non-financial companies listed on the Indonesia Stock Exchange from 2013-2018. The data analysis method used is multiple regression analysis with a fixed effect model. The results of the study partially show that managerial ownership has a negative and insignificant effect on agency costs, institutional ownership has a positive and significant effect on agency costs. agency costs and block shareholder ownership have a negative and significant effect on agency costs. The results showed that managerial ownership, institutional ownership, and block shareholder ownership had a positive effect on agency costs simultaneously