MENELUSURI PENGARUH STRUKTUR KEPEMILIKAN, KUALITAS AUDIT, DAN NILAI PERUSAHAAN
Keywords:
Nilai Perusahaan, Struktur Kepemilikan, Kualitas Audit
Abstract
Tujuan dari penelitian ini adalah untuk memperoleh bukti empiris mengenai pengaruh struktur kepemilikan (kepemilikan manajerial, kepemilikan institusional, dan kepemilikan asing) dan kualitas audit atas nilai perusahaan pada perusahaan yang terdaftar di Bursa Efek Indonesia (BEI). Penelitian ini menggunakan populasi perusahaan non keuangan yang terdaftar di Bursa Efek Indonesia dari tahun 2018 sampai dengan 2022. Pemilihan sampel menggunakan metode purposive sampling, jumlah data yang diambil dalam penelitian ini adalah 450 data yang berasal dari 15 perusahaan. Dalam penelitian ini, data dianalisis dengan menggunakan measurement model analysis dan structural model analysis. Penelitian ini membuktikan bahwa kepemilikan manajerial dan kepemilikan asing memiliki pengaruh terhadap kinerja perusahaan dan kinerja perusahaan itu sendiri memberikan pengaruh terhadap nilai perusahaan, sementara variable kepemilikan institusional atas kinerja perusahaan dan kualitas audit atas nilai perusahaan tidak dapat dibuktikan pengaruhnya pada tingkat keyakinan penelitian ini yaitu >95%.
References
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Alkurdi, A., hamad, A., Thneibat, H., & Elmarzouky, M. (2021). Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms. Cogent Business & Management, 8(1), 1939930. https://doi.org/10.1080/23311975.2021.1939930
Al-Rassas, A. H., & Kamardin, H. (2015). Internal and External Audit Attributes, Audit Committee Characteristics, Ownership Concentration and Earnings Quality: Evidence from Malaysia. Mediterranean Journal of Social Sciences. https://doi.org/10.5901/mjss.2015.v6n3p458
Alves, S. (2022). The impact of managerial ownership on audit fees: Evidence from Portugal and Spain. Cogent Economics & Finance, 11(1). https://doi.org/10.1080/23322039.2022.2163078
Anwar, H., & Buvanendra, S. (2019). Earnings Management and Ownership Structure: Evidence from Sri Lanka. Colombo Business Journal, 10(1), 44. https://doi.org/10.4038/cbj.v10i1.42
Arianandini, P. W., & Ramantha, I. W. (2018). Pengaruh Profitabilitas, Leverage, dan Kepemilikan Institusional Pada Tax Avoidance. E-Jurnal Akuntansi, 22(3). https://doi.org/10.24843/eja.2018.v22.i03.p17
Arifin, L., & Destriana, N. (2016a). Pengaruh firm size, corporate governance, dan karakteristik perusahaan terhadap manajemen laba. Jurnal Bisnis Dan Akuntansi, 18(1), 84–93. https://doi.org/10.34208/jba.v18i1.41
Becker, C. L., Defond, M. L., Jiambalvo, J., & Subramanyam, K. R. (1998). The Effect of Audit Quality on Earnings Management. Contemporary Accounting Research, 15(1), 1–24. https://doi.org/10.1111/j.1911-3846.1998.tb00547.x
Clarabella Petta, B., & Tarigan, J. (2017). Pengaruh Kepemilikan Institusional Terhadap Kinerja Keuangan Melalui Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar Dalam Bursa Efek Indonesia (BEI). Business Accounting Review, 5(2). https://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/6638
Dwi Lesteri, F., & Setiany, E. (2023). The Effect Of Local Ownership, Audit Quality, Audit Committee, And Financial Performance on Company Value. Journal of Accounting and Finance Management, 4(1). https://doi.org/https://doi.org/10.38035/jafm.v4i1
Effendi, B. (2022). Urgensi Nilai Perusahaan: Antara Relevansi Earning Per Share, Struktur Modal dan Kebijakan Dividen. Owner : Riset Dan Jurnal Akuntansi, 7(1), 123–130. https://doi.org/10.33395/owner.v7i1.1372
Hartoyo, A., Darman, N., & Abdullah, A. R. (2023). The Effect of Financial Performance and Company Size on Company Value: A Review of Literature Studies. The Es Accounting And Finance/The Es Accounting and Finance, 2(01), 35–40. https://doi.org/10.58812/esaf.v2i01.171
Januarty, T. A. (2019). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, Dan Corporate Social Responsibilities (CSR) Terhadap Kinerja Keuangan Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2016. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 3(2), 298–314. https://doi.org/10.36555/jasa.v3i2.888
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Kimmel, P. D., Weygandt, J. J., Kieso, D. E., Trenholm, B., Irvine, W., & Burnley, C. D. (2017). Financial accounting : tools for business decision-making. John Wiley & Sons Canada, Ltd.
Mitra, G., Gupta, V., & Gupta, G. (2023). Impact of macroeconomic factors on firm performance: Empirical evidence from India. Investment Management & Financial Innovations, 20(4), 1–12. https://doi.org/10.21511/imfi.20(4).2023.01
Moudud-Ul-Huq, S., Biswas, T., & Proshad Dola, S. (2020). Effect of managerial ownership on bank value: insights of an emerging economy. Asian Journal of Accounting Research, 5(2), 241–256. https://doi.org/10.1108/ajar-03-2020-0016
Nafasati, F., & Hilal, M. (2021). Economics & Business Solutions Journal. Financial Performance on Firm Value With CSR As Moderated Variables, 05(1).
Natsir, K. (2019). Advance in Economic, Business and Management Research. The Effect of Capital Structure and Firm Size on Firm Value Through Profitability as Intervening Variable, 145.
Nugraha, A. H., Almahdi, S., Zahra, A., & Karlina, I. (2022). Morphometric Characteristic and Growth Responses of Enhalus acoroides Seedlings Under Different Substrate Composition Treatment. Omni-Akuatika, 17(2), 112. https://doi.org/10.20884/1.oa.2021.17.2.883
Nur, A. (2018). Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Dengan Kualitas Audit Sebagai Variabel Pemoderasi. Jurnal Ilmiah Mahasiswa FEB, 6(2).
Osadchy, E. A., Akhmetshin, E. M., Amirova, E. F., Bochkareva, T. N., Gazizyanova, Yu. Yu., & Yumashev, A. V. (2018). Financial statements of a company as an information base for decision-making in a transforming economy. European Research Studies Journal, 21(2), 339–350. https://doi.org/10.35808/ersj/1006
Puspita, D., & Muchran, M. (2023). The Influence of Financial Performance on Company Value in Manufacturing Companies in the Food and Beverage Sector in the 2019-2021 Period. INternational Journal of Economic Research and FInancial Accounting, 1(4). https://doi.org/https://doi.org/10.55227/ijerfa.v1i4.44
Putri, G. A., & Setiawan, D. (2023). Examining the influence of foreign ownership, company website on firm performance: Evidence from Indonesia. Cogent Business & Management, 10(2). https://doi.org/10.1080/23311975.2023.2248759
Sarstedt, M., Ringle, C. M., & Hair, J. F. (2021). Partial Least Squares Structural Equation Modeling. In Handbook of Market Research (pp. 1–47). Springer International Publishing. https://doi.org/10.1007/978-3-319-05542-8_15-2
Sekaran, U., & Bougie, R. (2013). Research Methods for Business: A Skill-Building Approach2013 1 Uma Sekeran and Roger Bougie Research Methods for Business: A Skill-Building Approach UK Wiley 2013 423 pp. (soft back) :978-1-119-94225-2 £39.92/48.00. Leadership & Organization Development Journal, 34(7), 700–701. https://doi.org/10.1108/lodj-06-2013-0079
Shenurti, E., Erawati, D., & Nur Kholifah, S. (2022). Analisis Return on Asset (ROA), Return on Equity (ROE) dan Corporate Social Responsibility (CSR) yang mempengaruhi Nilai Perusahaan pada Perusahaan Manufaktur. Jurnal Akuntansi Dan Manajemen, 19(01), 1–10. https://doi.org/10.36406/jam.v19i01.539
Suhadak, S., Kurniaty, K., Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18–34. https://doi.org/10.1108/ajar-07-2018-0021
Taouab, O., & Issor, Z. (2019). Firm Performance: Definition and Measurement Models. European Scientific Journal ESJ, 15(1), 93–106. https://doi.org/http://dx.doi.org/10.19044/esj.2019.v15n1p93
W. Chin, W., & Marcoulides, G. (1998). Modern Methods for Business Research. The Partial Least Squares Approach to Structural Equation Modeling.
Wijaya, A. L. (2020). The Effect of Audit Quality on Firm Value: A Case in Indonesian Manufacturing Firm. Journal of Accounting Finance and Auditing Studies (JAFAS), 6(1), 1–15. https://doi.org/10.32602/jafas.2020.001
Wulan Ndatika, U., Purwidianti, W., & Tubastuvi, N. (2024). indThe Influence of Financial Performance and Company Size on Company Value with Good Corporate Governance as Moderating Variable. Jurnal Ekonomi Dan Bisnis Digital, 3(2). https://doi.org/https://doi.org/10.55927/ministal.v3i1.7950
Zalogo, E., & Duho, Y. P. (2022). Analisis Pengaruh Kualitas Auditor, Likuditas, Profitabilitas dan Solvabilitas terhadap Opini audit Going Concern pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020. Owner : Riset Dan Jurnal Akuntansi, 6(1), 1101–1115. https://doi.org/10.33395/owner.v6i1.730
Abid, A., Shaique, M., & Anwar ul Haq, M. (2018). Do Big Four Auditors Always Provide Higher Audit Quality? Evidence from Pakistan. International Journal of Financial Studies, 6(2), 58. https://doi.org/10.3390/ijfs6020058
Agustin, E. P., & Widiatmoko, J. (2022). Pengaruh Struktur Kepemilikan dan Kualitas Audit terhadap Manajemen Laba. Owner: Riset Dan Jurnal Akuntansi, 6(1), 990–1002. https://doi.org/10.33395/owner.v6i1.707
Alkurdi, A., hamad, A., Thneibat, H., & Elmarzouky, M. (2021). Ownership structure’s effect on financial performance: An empirical analysis of Jordanian listed firms. Cogent Business & Management, 8(1), 1939930. https://doi.org/10.1080/23311975.2021.1939930
Al-Rassas, A. H., & Kamardin, H. (2015). Internal and External Audit Attributes, Audit Committee Characteristics, Ownership Concentration and Earnings Quality: Evidence from Malaysia. Mediterranean Journal of Social Sciences. https://doi.org/10.5901/mjss.2015.v6n3p458
Alves, S. (2022). The impact of managerial ownership on audit fees: Evidence from Portugal and Spain. Cogent Economics & Finance, 11(1). https://doi.org/10.1080/23322039.2022.2163078
Anwar, H., & Buvanendra, S. (2019). Earnings Management and Ownership Structure: Evidence from Sri Lanka. Colombo Business Journal, 10(1), 44. https://doi.org/10.4038/cbj.v10i1.42
Arianandini, P. W., & Ramantha, I. W. (2018). Pengaruh Profitabilitas, Leverage, dan Kepemilikan Institusional Pada Tax Avoidance. E-Jurnal Akuntansi, 22(3). https://doi.org/10.24843/eja.2018.v22.i03.p17
Arifin, L., & Destriana, N. (2016a). Pengaruh firm size, corporate governance, dan karakteristik perusahaan terhadap manajemen laba. Jurnal Bisnis Dan Akuntansi, 18(1), 84–93. https://doi.org/10.34208/jba.v18i1.41
Becker, C. L., Defond, M. L., Jiambalvo, J., & Subramanyam, K. R. (1998). The Effect of Audit Quality on Earnings Management. Contemporary Accounting Research, 15(1), 1–24. https://doi.org/10.1111/j.1911-3846.1998.tb00547.x
Clarabella Petta, B., & Tarigan, J. (2017). Pengaruh Kepemilikan Institusional Terhadap Kinerja Keuangan Melalui Struktur Modal Sebagai Variabel Intervening Pada Perusahaan Manufaktur Yang Terdaftar Dalam Bursa Efek Indonesia (BEI). Business Accounting Review, 5(2). https://publication.petra.ac.id/index.php/akuntansi-bisnis/article/view/6638
Dwi Lesteri, F., & Setiany, E. (2023). The Effect Of Local Ownership, Audit Quality, Audit Committee, And Financial Performance on Company Value. Journal of Accounting and Finance Management, 4(1). https://doi.org/https://doi.org/10.38035/jafm.v4i1
Effendi, B. (2022). Urgensi Nilai Perusahaan: Antara Relevansi Earning Per Share, Struktur Modal dan Kebijakan Dividen. Owner : Riset Dan Jurnal Akuntansi, 7(1), 123–130. https://doi.org/10.33395/owner.v7i1.1372
Hartoyo, A., Darman, N., & Abdullah, A. R. (2023). The Effect of Financial Performance and Company Size on Company Value: A Review of Literature Studies. The Es Accounting And Finance/The Es Accounting and Finance, 2(01), 35–40. https://doi.org/10.58812/esaf.v2i01.171
Januarty, T. A. (2019). Pengaruh Struktur Kepemilikan, Ukuran Perusahaan, Dan Corporate Social Responsibilities (CSR) Terhadap Kinerja Keuangan Perusahaan Manufaktur Yang Terdaftar Di BEI Periode 2016. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 3(2), 298–314. https://doi.org/10.36555/jasa.v3i2.888
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/https://doi.org/10.1016/0304-405X(76)90026-X
Kimmel, P. D., Weygandt, J. J., Kieso, D. E., Trenholm, B., Irvine, W., & Burnley, C. D. (2017). Financial accounting : tools for business decision-making. John Wiley & Sons Canada, Ltd.
Mitra, G., Gupta, V., & Gupta, G. (2023). Impact of macroeconomic factors on firm performance: Empirical evidence from India. Investment Management & Financial Innovations, 20(4), 1–12. https://doi.org/10.21511/imfi.20(4).2023.01
Moudud-Ul-Huq, S., Biswas, T., & Proshad Dola, S. (2020). Effect of managerial ownership on bank value: insights of an emerging economy. Asian Journal of Accounting Research, 5(2), 241–256. https://doi.org/10.1108/ajar-03-2020-0016
Nafasati, F., & Hilal, M. (2021). Economics & Business Solutions Journal. Financial Performance on Firm Value With CSR As Moderated Variables, 05(1).
Natsir, K. (2019). Advance in Economic, Business and Management Research. The Effect of Capital Structure and Firm Size on Firm Value Through Profitability as Intervening Variable, 145.
Nugraha, A. H., Almahdi, S., Zahra, A., & Karlina, I. (2022). Morphometric Characteristic and Growth Responses of Enhalus acoroides Seedlings Under Different Substrate Composition Treatment. Omni-Akuatika, 17(2), 112. https://doi.org/10.20884/1.oa.2021.17.2.883
Nur, A. (2018). Pengaruh Struktur Kepemilikan Terhadap Kinerja Perusahaan Dengan Kualitas Audit Sebagai Variabel Pemoderasi. Jurnal Ilmiah Mahasiswa FEB, 6(2).
Osadchy, E. A., Akhmetshin, E. M., Amirova, E. F., Bochkareva, T. N., Gazizyanova, Yu. Yu., & Yumashev, A. V. (2018). Financial statements of a company as an information base for decision-making in a transforming economy. European Research Studies Journal, 21(2), 339–350. https://doi.org/10.35808/ersj/1006
Puspita, D., & Muchran, M. (2023). The Influence of Financial Performance on Company Value in Manufacturing Companies in the Food and Beverage Sector in the 2019-2021 Period. INternational Journal of Economic Research and FInancial Accounting, 1(4). https://doi.org/https://doi.org/10.55227/ijerfa.v1i4.44
Putri, G. A., & Setiawan, D. (2023). Examining the influence of foreign ownership, company website on firm performance: Evidence from Indonesia. Cogent Business & Management, 10(2). https://doi.org/10.1080/23311975.2023.2248759
Sarstedt, M., Ringle, C. M., & Hair, J. F. (2021). Partial Least Squares Structural Equation Modeling. In Handbook of Market Research (pp. 1–47). Springer International Publishing. https://doi.org/10.1007/978-3-319-05542-8_15-2
Sekaran, U., & Bougie, R. (2013). Research Methods for Business: A Skill-Building Approach2013 1 Uma Sekeran and Roger Bougie Research Methods for Business: A Skill-Building Approach UK Wiley 2013 423 pp. (soft back) :978-1-119-94225-2 £39.92/48.00. Leadership & Organization Development Journal, 34(7), 700–701. https://doi.org/10.1108/lodj-06-2013-0079
Shenurti, E., Erawati, D., & Nur Kholifah, S. (2022). Analisis Return on Asset (ROA), Return on Equity (ROE) dan Corporate Social Responsibility (CSR) yang mempengaruhi Nilai Perusahaan pada Perusahaan Manufaktur. Jurnal Akuntansi Dan Manajemen, 19(01), 1–10. https://doi.org/10.36406/jam.v19i01.539
Suhadak, S., Kurniaty, K., Handayani, S. R., & Rahayu, S. M. (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18–34. https://doi.org/10.1108/ajar-07-2018-0021
Taouab, O., & Issor, Z. (2019). Firm Performance: Definition and Measurement Models. European Scientific Journal ESJ, 15(1), 93–106. https://doi.org/http://dx.doi.org/10.19044/esj.2019.v15n1p93
W. Chin, W., & Marcoulides, G. (1998). Modern Methods for Business Research. The Partial Least Squares Approach to Structural Equation Modeling.
Wijaya, A. L. (2020). The Effect of Audit Quality on Firm Value: A Case in Indonesian Manufacturing Firm. Journal of Accounting Finance and Auditing Studies (JAFAS), 6(1), 1–15. https://doi.org/10.32602/jafas.2020.001
Wulan Ndatika, U., Purwidianti, W., & Tubastuvi, N. (2024). indThe Influence of Financial Performance and Company Size on Company Value with Good Corporate Governance as Moderating Variable. Jurnal Ekonomi Dan Bisnis Digital, 3(2). https://doi.org/https://doi.org/10.55927/ministal.v3i1.7950
Zalogo, E., & Duho, Y. P. (2022). Analisis Pengaruh Kualitas Auditor, Likuditas, Profitabilitas dan Solvabilitas terhadap Opini audit Going Concern pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020. Owner : Riset Dan Jurnal Akuntansi, 6(1), 1101–1115. https://doi.org/10.33395/owner.v6i1.730
Published
2024-07-06
How to Cite
Viony Fransiska, Amelia Setiawan, & Hamfri Djajadikerta. (2024). MENELUSURI PENGARUH STRUKTUR KEPEMILIKAN, KUALITAS AUDIT, DAN NILAI PERUSAHAAN. Journal of Social and Economics Research, 6(1), 974-987. https://doi.org/10.54783/jser.v6i1.387
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Articles
