U-Shape Nonlinearity of Ownership Concentration on Firm Value

U-Shape Nonlinearity of Ownership Concentration on Firm Value

The ownership and value relationship of the company has a lot of contentious issues. Previous studies have only examined the linear effect of ownership concentration on company value. In contrast to previous studies, the novelty of this study is to test the effect of nonlinearity in the concentratio...

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Bibliographic Details
Main Author: Ahmad Aziz Putra Pratama
Format: Article
Language:Indonesian
Published: Universitas Negeri Surabaya 2019-11-01
Series:Jurnal Ekonomi Pendidikan dan Kewirausahaan
Subjects:
firm value
ownership concentration
nonlinear
Online Access:https://journal.unesa.ac.id/index.php/jepk/article/view/5896
id doaj-22029548f40c4a5e90c08ac056e7f861
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spelling doaj-22029548f40c4a5e90c08ac056e7f8612020-11-25T02:28:44ZindUniversitas Negeri SurabayaJurnal Ekonomi Pendidikan dan Kewirausahaan2303-324X2579-387X2019-11-017214515810.26740/jepk.v7n2.p145-1583301U-Shape Nonlinearity of Ownership Concentration on Firm ValueAhmad Aziz Putra Pratama0Master of Science in Management, Department Management, Faculty of Economics and Business, Airlangga University, IndonesiaThe ownership and value relationship of the company has a lot of contentious issues. Previous studies have only examined the linear effect of ownership concentration on company value. In contrast to previous studies, the novelty of this study is to test the effect of nonlinearity in the concentration of ownership on company value using 240 non-financial companies listed on the Indonesia Stock Exchange during the period 2010-2018 with 2,151 observations. The results showed that the concentration of ownership showed the effect of nonlinear U-shaped on firm value. This study confirms that ownership concentration negatively influences the firm's value first and will show a positive effect after reaching a certain point. In addition, the debt level and firm size have a positive effect on firm’s value.https://journal.unesa.ac.id/index.php/jepk/article/view/5896firm valueownership concentrationnonlinear
collection DOAJ
language Indonesian
format Article
sources DOAJ
author Ahmad Aziz Putra Pratama
spellingShingle Ahmad Aziz Putra Pratama
U-Shape Nonlinearity of Ownership Concentration on Firm Value
Jurnal Ekonomi Pendidikan dan Kewirausahaan
firm value
ownership concentration
nonlinear
author_facet Ahmad Aziz Putra Pratama
author_sort Ahmad Aziz Putra Pratama
title U-Shape Nonlinearity of Ownership Concentration on Firm Value
title_short U-Shape Nonlinearity of Ownership Concentration on Firm Value
title_full U-Shape Nonlinearity of Ownership Concentration on Firm Value
title_fullStr U-Shape Nonlinearity of Ownership Concentration on Firm Value
title_full_unstemmed U-Shape Nonlinearity of Ownership Concentration on Firm Value
title_sort u-shape nonlinearity of ownership concentration on firm value
publisher Universitas Negeri Surabaya
series Jurnal Ekonomi Pendidikan dan Kewirausahaan
issn 2303-324X
2579-387X
publishDate 2019-11-01
description The ownership and value relationship of the company has a lot of contentious issues. Previous studies have only examined the linear effect of ownership concentration on company value. In contrast to previous studies, the novelty of this study is to test the effect of nonlinearity in the concentration of ownership on company value using 240 non-financial companies listed on the Indonesia Stock Exchange during the period 2010-2018 with 2,151 observations. The results showed that the concentration of ownership showed the effect of nonlinear U-shaped on firm value. This study confirms that ownership concentration negatively influences the firm's value first and will show a positive effect after reaching a certain point. In addition, the debt level and firm size have a positive effect on firm’s value.
topic firm value
ownership concentration
nonlinear
url https://journal.unesa.ac.id/index.php/jepk/article/view/5896
work_keys_str_mv AT ahmadazizputrapratama ushapenonlinearityofownershipconcentrationonfirmvalue
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