Kepemilikan Institusional, Kinerja Perusahaan, dan Efek Moderasi dari Kepemilikan Institusional Aktif

Setiawan, Rahmat
Syarif, Moh Maulidi

Business and Finance Journal
Vol 4 No 1 (2019): Business and Finance Journal

This research investigate impact of institutional ownership on firm performance, and moderating effect of active institutional ownership. Using purposive sampling and the period of 2012-2016, we obtained 436 observations of 99 manufacturing firms for dependent variable mea- sured by ROA, and 415 observations of 95 manufacturing firms for dependent variable measured by Tobin’s Q. We found that institutional ownership had significant positive effect on firm perfor- mance. Active institutional ownership as a moderating variable, strengthens the positive effect of institutional ownership on firm performance.