TSM Logo
   
   
   

> Elektronik Jurnal Bisnis dan Akuntansi

   
 

JURNAL BISNIS DAN AKUNTANSI
Vol. 12, No. 1, April 2010, 17 - 28
ISSN: 1410-9875

PENGARUH PROFITABILITAS,
KEBIJAKAN HUTANG DAN KEPEMILIKAN
INSTITUSIONAL TERHADAP KEPEMILIKAN
MANAJERIAL DAN PENGARUHNYA
TERHADAP RISIKO

 KARTIKA NURINGSIH
Universitas Tarumanagara
kartikanuringsih@yahoo.com

PDF File
Published Version
File size: 343KB

Official URL: http://www.tsm.ac.id/JBA/JBA12.1April2010/2_artikel_JBA12.1April2010.pdf

ABSTRACT:

This research model analyses managerial ownership from three determinants: profitability, debt policy and institutional ownership. Then, the research model also analyses the effect of managerial owner-ship on risk. Based on agency theory, the developing of the model is used to reduce the potential conflict in company. Samples were taken from 319 companies which listed at Indonesia Capital Market Directory period 2001 until 2004. The results of research show that debt policy and institutional ownership have negative effect to managerial owner-ship. While, profitability has not effect to managerial ownership. Managerial ownership has negative effect to risk. From the results can be concluded that the effect of profitability on managerial ownership can not be used to control agency conflict, meanwhile another hypo-thesis can be received to reduce agency conflicts.

Keywords: Profitability, debt policy, institutional ownership, managerial ownership, risk and agency theory.
 
Peta Situs | Peta Kampus | Kontak
Trisakti School of management
Jl. Kyai Tapa No. 20. Grogol - Jakarta Barat 11440
Telp. 021.5666717 [HUMAS Ext. 260 & 290] Fax. 021.5635480
Copyright © 2009 Trisakti School of Management. All rights reserved.
Official Website :: Trisakti School of Management
Developed By: IT Team