Effect of Managerial Ownership Of Companies Intellectual Capital Value as an intervening variable

Abstract

The purpose of this study is to analyze and explain the effect of managerial ownership on firm value to intellectual capital as an intervening variable. The object of research using 32 banking companies listed in Indonesia Stock Exchange (BEI) for the period from 2015 to 2017 but based on criteria and completeness of the data, the sample in this study only used 24 banking companies. The sampling technique used purposive sampling method. Collecting data using the financial statements of banking companies listed in Indonesia Stock Exchange for the period 2015-2017 that is downloaded via the website IDX www.idx.id. Data were analyzed using Partial Least Square (PLS). The results of this study found that managerial ownership and intellectual capital had a negative effect on firm value, managerial ownership had a negative effect on intellectual capital and managerial ownership had a negative effect on firm value through intellectual capital.

Does board activeness strengthen the relationship between structure of corporate ownership and firm performance?

“…Associated companies (ASOWN) influenced the operating, financial, and stock market outcomes. The significance of the result supported the second hypothesis and the study of Rafaizan et al (2020) . The consistency of the results recommends the associated companies as stakeholders of the firm.…”

“… Farooq et al (2020) asserted negative associations between associated ownership and distress, which leads to value addition. Managerial ownership had an immediate and backhanded adverse consequence on firm worth through scholarly capital as a mediating variable, and scholarly capital negatively affects firm worth ( Rafaizan et al, 2020 ). Waemustafa (2018) depicted a non-linear relationship between both cash holding and capital development decisions of material firms.…”

“…Checking done by the supervisor can influence the movement of the directors of the organization to expand the worth of the organization by comprehensively revealing every one of its resources, and remembering the immaterial resources of the organization for the fiscal reports ( Rafaizan et al, 2020 ). If an administrative proprietorship develops, the director will be bound to further develop execution to help the worth of the organization by uncovering the scholarly capital of the organization.…”

“…If an administrative proprietorship develops, the director will be bound to further develop execution to help the worth of the organization by uncovering the scholarly capital of the organization. The more prominent the administrative possession, the more intelligent capital is uncovered in the budget summaries ( Rafaizan et al, 2020 ).…”

The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

“…Decisions on dividend distribution also need to consider its survival and growth (Muhammadinah & Jamil, 2015;Prabulana et al, 2017). Managers believe that a decrease in dividend payments will be viewed negatively by shareholders (Rafaizan et al, 2020). Arumbarkah and Pelu (2019) prove that a decrease in dividends tends to give investors wrong signals in the capital market.…”