Title: PROPORTION OF DOMESTIC INSTITUTIONAL SHARE OWNERSHIP, PROPORTION OF FOREIGN INSTITUTIONAL SHARE OWNERSHIP, AND DIVERSIFICATION OF COMPANY RISK AND VALUE
Author: OLIVIA CAROLINA
Item Type: Thesis (Thesis)
Affiliations: Master of Management Science Study Program, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia
Publisher: Universitas Airlangga
Abstract
This research shows the influence of the proportion of domestic institutional share ownership, the proportion of foreign institutional share ownership, and diversification on company risk and value. The variables used in this research include: Beta and Tobin's Q as dependent variables while the proportion of domestic institutional share ownership, the proportion of foreign institutional share ownership, herfindhal, leverage (DR), company size, and ROA as independent variables. The research sample consisted of 145 samples originating from 29 non-financial companies listed on the Indonesia Stock Exchange from 2010 to 2014. The research results showed that the proportion of foreign institutional ownership and the proportion of domestic institutional ownership had a significant influence on company risk and value, but diversification did not have significant influence on company risk and value. Leverage (DR) does not have a significant influence on company value, but has a significant influence on company risk. ROA does not have a significant influence on company risk, but has a significant influence on company value. Company size has a significant influence on company risk and value.
Keywords: Proportion of Domestic Institutional Share Ownership, Proportion of Foreign Institutional Share Ownership, Diversification (herfindhal), Leverage (Debt Ratio), Size, ROA
Sources: http://repository.unair.ac.id/64898/
