indra, indra and Yuliansyah, Yuliansyah and Amelia, Yunia (2018) THE EFFECT OF OWNERSHIP STRUCTURE ON FIRM PERFORMANCE (STUDY AT TELECOMUNICATION COMPANIES LISTED ON ASEAN REGION IN 2016-2017). In: THE FIFTH INTERNATIONAL CONFERENCE ON GOVERNANCE AN ACCOUNTABILITY (ICGA) 2018, 29- 30 August 2018, Belitung, Bangka Belitung, Indonesia.

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Abstract

This study aims to determine the effect of ownership structure on the performance of telecomunication companies listed on ASEAN in 2016-2017. The ownership structure is considered as a reflection of firm performance. Good corporate performance affects investors' valuation of the company in order to investors can decide to invest in the company. The independent variables used in this study consist of managerial ownership, foreign ownership and institutional ownership. Dependent variable of this study is financial performance with Return on Equity (ROE). This study uses 70 samples of telecommunication companies in 2016-2017 using quantitative purposive sampling method with secondary data from the Securities Exchange of each country in the ASEAN region. Data analysis using multiple linear analysis with SPSS 25 software. The result of this research indicates that the managerial ownership structure has no significant effect on company performance because the proportion of managerial share ownership is less than one percent, while the structure of foreign and institutional ownership has a positive and significant effect on the firm performance. This study has implications as a consideration for investors assessing financial performance and investing in communications companies in the ASEAN region in 2016-2017 as well as consideration for the company in dividing the proportion of share ownership structure in order to improve the firm performance. Keywords: managerial ownership, foreign ownership, institutional ownership, return on equity, firm performance

Item Type:	Conference or Workshop Item (Speech)
Subjects:	H Social Sciences > HG Finance H Social Sciences > HN Social history and conditions. Social problems. Social reform
Divisions:	Fakultas Ekonomi dan Bisnis (FEB) > Prodi Akuntansi
Depositing User:	Yunia Amelia
Date Deposited:	01 Aug 2019 07:37
Last Modified:	01 Aug 2019 07:37
URI:	http://repository.lppm.unila.ac.id/id/eprint/13297

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