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Journal : Journal of Economics, Business,

BLOCKHOLDER OWNERSHIP, CAPITAL STRUCTURE AND MANUFACTURE COMPANY VALUE IN INDONESIA STOCK EXCHANGE Yuliani Yuliani
Journal of Economics, Business, & Accountancy Ventura Vol 15, No 3 (2012): December 2012
Publisher : STIE Perbanas Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v15i3.115

Abstract

The capital markets have been in the emerging market category for example, the Indonesia StockExchange. In connection with this condition, it has been known that the behavior of issuers andinvestors are still relatively unstable. This behavior is quite different to market conditions in othercountries, which have become the efficient market. The number of listed companies is still relativelysmall compared to the number of listed companies on stock exchanges in developed countries. Theresearch aims to measure and to find empirical evidence, the direct effect of blockholder ownershipand capital structure on company value. It will investigate and examine the mediating effect ofcapital structure on company value. The research was conducted at manufacturing company inIndonesia Stock Exchange (IDX) for five years. This research use census sampling, with number 36of companies that were analyzed with Structural Equation Modeling (SEM). The result shows directlythe blockholder ownership does not have significant effect to company value. Capital structurehas mediating effect to the relationship between blockholder ownership and company value.This finding Explains that the indirect role of capital structure can increase of company value. Inaddition, capital structure directly has significant effect to company value.
Co-Authors A. Bachrun Rifa'i Ade Jubaedi Ade Riyanto Aghniyah Soewondo Agus Syam Agustina Hanafi Ahmad Bashri Ahmad Sarbini, Ahmad Akor Sitepu Albertus Purwaka Allifia Hariaji Andi Reski Nurhikmah Anggela Hajar Puspitasari Anni Sinaga Anton Rahmadi Ardiyani, Vita Maryah Ari Sofia Asmayanti Asmayanti Ayu Machshunah Azizah Dwi Octavia Azmil Futihatul Rizqiyah Badia Perizade Berti Yolida Billy Sasmita Binti Mustafarida Binti Mutafarida Binti Mutafarrida Christine Novita Dewi Darlen Sikumbang Desak Gede Sri Baktiasih Dewi Sekar Arum Diana Syafitri Diana Syafitri Didit Darmawan Dinda Triana Dindin Solahudin, Dindin Elfrida Ratnawati Elly Musa Emil Hasudungan Sihotang Ermi Girsang Evi Roviati Fauziah, Liliek Ferry Adiaksyah Grace Tj. Sulungbudi Hajar Dewantara Ida Ayu Putu Sri Widnyani Imelda Sianipar Indah Rahmawati Indarmawati Indarmawati Irma Dwi Oktaviani Isnurhadi Isnurhadi Ita Sasmita Kuswana, Dadang L. Akbar Hardin Laily Eka Pradina Linggua Sanjaya Usop Maman Surahman Margita Syavira Risky Maria Seri Arihta Marlina Widiyanti Maytita Tri Hardiyanti Mika Zuhriyah Misnawati Misnawati Mohamad Adam Mudawamah, Dewi Muh Abdul Ghofur Muhamad Adam Muhammad Ichsan Hadjri Muhammad Jufri Muhammad Youri Jorkaef Mujamilah Mujamilah Nahdya Alfaina Karem Nasrotul Akhadah Nida Amalia Niken - Kristalia Nofi Maria Krisnawati Nur Hayati Nur Laili Nur Sakinah Nurriza Sofiastuti Nurul Safitri Nyayu Khairani Putri Olga Dona Retsi Patrisia Cuesdeyeni Pramestya Taranita Widiastuti Pramita Yakub Proyekta Oktorina Raharjo Raharjo Rahayu Mardikaningsih Ria Angelina Marbun Ria Indi Rohmawati Rigita Mursitaningrum Rommy Hardyansah Sapja Anantanyu Sari Dewi SARI KUSUMA DEWI Sifak Indana Siti Novianti Siti Sundari Sri Lestari Ramadhani Nasution Sudarmi Sudarmi Suhartini Suhartini Sunda Mulyaningsih Sutisna Sutisna Tanto Hariyanto Taufiq, Mohamad Iman Tika Widia Astuti Usep Saepul Alam Wildan Zakiah Lubis Windi Dwi Arianti Yuanida Yuanida Yufita Darusman Yuliati Eka Asi Zunaidah Zunaidah