Author:
Luciana Spica Almilia, S.E., M.Si.
Meliza Silvy, S.E., M.Si.
STIE Perbanas Surabaya
Jurnal Akuntansi dan Bisnis (Journal of Accounting & Business)
Vol. 6, No. 1, Pebruari 2006
ISSN 1412-0852
ABSTRACT:
This research has a purpose to provide empirical evident about factors that affect probability of managers to engage in managerial ownership. The examined factors on this research are leverage policy, devidend policy, size, investment opportunity, profitability, tobins q and equity market value. The samples consist of 337 firms which had not managerial ownership, 87 firms had 0,1% -14,61% managerial ownership and 42 firms which had 16,61% – 76,50% managerial ownership. Moreover, it is chosen by purposive sampling. The statistic method used to test on the research hypothesis is multinomial logit regression. The result show that leverage policy, investment opportunity, profitability, tobins q and equity market value are significant variables in determination managerial ownership. This research also indicate that investment opportunity and equity market value are significant variables in determination firms which had small and large managerial ownership.
Keywords: managerial ownership, leverage policy, devidend policy, tobins q, multinomial logit regression.
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alhusna
Bagus nih, cuma kasih tau dong ke aku mengenai how to hedge for simply method of the way of yield, based on ichimoku chart.
Terima kasih.
Salam sesama alumni STIE Perbanas Surabaya