HUBUNGAN ANTARA STRUKTUR KEPEMILIKAN DAN PRICE TO BOOK VALUES Studi Empiris pada Industri Manufaktur yang terdaftar di Bursa Efek Indonesia
Ownership structure as one of corporate governance mechanism influencing the scope of a firm�s agency costs (Jensen dan Meckling, 1976). La Porta et al. (1998 dan 2000) states that the concentrated ownership structure happens in such countries with low levels of corporate governance. Agency proble...
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| Main Authors: | , |
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| Format: | Theses and Dissertations NonPeerReviewed |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| Subjects: | |
| Online Access: | https://repository.ugm.ac.id/98830/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=54935 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | Ownership structure as one of corporate governance mechanism influencing the
scope of a firm�s agency costs (Jensen dan Meckling, 1976). La Porta et al. (1998 dan
2000) states that the concentrated ownership structure happens in such countries with low
levels of corporate governance. Agency problem that arises because of concentrated
ownership structure may give influence to price to book value (PBV) that reflects the
firm value.
The research done by Miguel et al., (2004) in Spain shows that the relationship
between ownership structure and firm value is quadratic |
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