EFEK KONTRIBUSI STRUKTUR KEPEMILIKAN DAN KEPUTUSAN PENDANAAN DALAM MENINGKATKAN NILAI PERUSAHAAN

Awaluddin Awaluddin (Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya)
Herman Sjahruddin (Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya)
Masnama Tadjo (Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya)
Poppy Nahdia Syahrani Pascawati (Sekolah Tinggi Ilmu Ekonomi Makassar Bongaya)

E-Mabis: Jurnal Ekonomi Manajemen dan Bisnis
Vol 21, No 2 (2020): Oktober

Ownership structure and funding decisions are determinants of company value, so this study was conducted with the intent to examine the contribution of ownership structures proxied by institutional ownership and funding decisions through debt to equity ratios as proxies in analyzing company values proxied through price to book values. The unit of analysis used is the financial statements of 18 issuers of the manufacturing sub-sector which were listed on the Indonesia Stock Exchange (BEI) in 2015-2018 (nine of them did not meet the sampling criteria). The results of data analysis provide evidence if the contribution of ownership structure that is proxied by institutional ownership is not able to increase the price to book value, the evidence has in common in explaining the contribution of a positive debt to equity ratio in increasing price to book value.