TELAAH NILAI PERUSAHAAN BERDASARKAN STRUKTUR KEPEMILIKAN

Abstract

Abstract: Analysis of Firm Value Based on Ownership Structure. Concentrated ownership can make controlling shareholders has control right bigger than their cash flow right. This research is aimed to test whether there is an effect of ownership structure on company value. This research took 246 sampels of listed companies in Bursa Efek Indonesia. The result indicated that cash flow right and control right have positive effect on company value, cash flow right leverage has positive effect on company value if controlling shareholder involved in the management, and cash flow right leverage has a negative effect on company value if there is second controlling shareholder.

Keywords

• struktur kepemilikan terkonsentrasi
• hak arus kas
• hak kontrol
• cash flow right leverage
• nilai perusahaan