PENGARUH KEPEMILIKAN MANAJERIAL DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN STRUKTUR MODAL SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2018

Abstract

This research aims to find out the effects of managerial ownership and companies sizes on the companies values using capital structure as the moderating variable. The population in this study is all manufacturing companies registered on Indonesian Stock Exchange (BEI) from 2016-2018. This research’s sample was conducted by purposive sampling, with 22 total samples obtained. The type of data used was a secondary data gained from www.idx.co.id. The data obtained was then analyzed using Multiple Linier Regression with 2.2. version of SPSS Program. In conclusion, the results of the test using multiple linier regression and hypothesis test with partial test (t-test) revealed that managerial ownership variable and a companies’ sizes give positive and significant effects on the companies’ values, while capital structure variable brings negative and significant effects, and based on the test result using moderating regression, it was described that capital structure variable is capable of moderating relationship between managerial ownership towards companies’ values, as this variable can also moderate the relationship between companies’ sizes on companies’ values.