MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE

Warasto ; Hestu Nugroho ; Janudin ; Janudin
International Journal Multidisciplinary Science (I... 📅 2024 Vol 3, No 3 🔗 DOI: 10.56127/ijml.v3i3.1732
Abstract
This study aims to analyze the effect of ownership structure on firm value with financial performance as a mediating variable in companies listed in the LQ45 index of the Indonesia Stock Exchange during the 2020-2024 period. The independent variables consist of institutional ownership and managerial ownership, while the mediating variable is financial performance measured using Return on Assets (ROA). Firm value, as the dependent variable, is measured using Price to Book Value (PBV). Using multiple linear regression methods and the Sobel test, the study found that managerial ownership significantly influences firm value, whereas institutional ownership does not show a significant impact. Additionally, financial performance does not act as a mediator in the relationship between ownership structure and firm value. The findings of this study provide important implications for corporate governance in Indonesia, particularly in managing ownership structures to enhance financial performance and maximize firm value.
Keywords
Ownership Structure; Financial Performance; Firm Value
How to Cite

Warasto, et al. (2024). MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE. International Journal Multidisciplinary Science (IJML), 3(3). https://doi.org/10.56127/ijml.v3i3.1732

Warasto, Hestu Nugroho; Janudin, Janudin, "MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE," International Journal Multidisciplinary Science (IJML), vol. 3, no. 3, 2024.

Warasto, Hestu Nugroho; Janudin, Janudin. "MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE." International Journal Multidisciplinary Science (IJML), vol. 3, no. 3, 2024.

Warasto, Hestu Nugroho; Janudin, Janudin. "MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE." International Journal Multidisciplinary Science (IJML) 3, no. 3 (2024).

Warasto, et al. (2024) 'MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE', International Journal Multidisciplinary Science (IJML), 3(3). doi: 10.56127/ijml.v3i3.1732.

Warasto, Hestu Nugroho; Janudin, Janudin. MEDIATING ROLE OF FINANCIAL PERFORMANCE IN OWNERSHIP STRUCTURE'S IMPACT ON FIRM VALUE OF LISTED COMPANIES IN THE LQ45 INDEX OF THE INDONESIA STOCK EXCHANGE. International Journal Multidisciplinary Science (IJML). 2024;3(3).

Artikel Terkait

Determinants of Audit Quality: The Role of Auditor Independence, Competence, and Professional Ethics in Public Accounting Firms in Indonesia

Tommy Kuncara; Poso Nugroho; Fera Riske Anggita

Auditor Industry Specialization as a Moderator of the Relationship Between Fair Value Measurement of Non-Current Assets and Audit Quality: Evidence from Indonesian Listed Companies

Jesica Ramadanty; Hasni Yusrianti; Yulia Saftiana

Big Data Applications in Online Psychological Counseling: A Systematic Literature Review

Tissa Maharani

Analyzing the Impact of Domestic and Global Monetary Policy on the Jakarta Composite Index (JCI): A Study of Post-Pandemic Market Response Anomalies

Moh. Fajar Prima Mukti; Fanlia Adiprimadana Sanjaya; Zakky Zamrudi

Effect of Final Tempering Temperature Variations on the Physical Characteristics (Hardness and Gloss) of Dark Couverture and Milk Couverture

Izzah, Hanun Kiyasah; Asnawi, Priskila Mutiara Vina; Syafiar , Abiyyu; Zizou, Andryansyah Maulana Mikha; Elfarizan , Azita Laeticea; Hutauruk, Renhart Mauritz; Efrina; Chairan, Leila Siti

Building Smart and Resilient Communities: Interdisciplinary Innovations for Global Impact

Sheik Mohamed
Tren Sitasi Jurnal