Date: 07-12-2019 Digital Publication Services : OSREL | JABM | JAM | ABMR | ABMCS

PENGARUH KEPEMILIKAN MANAJERIAL DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN SERTA PENGUNGKAPAN LINGKUNGAN SEBAGAI VARIABEL ANTARA (Studi Perusahaan PROPER Tahun 2012-2014)

Detail
Author Hadiana Fernanda
Category Akuntansi Keuangan dan Auditing

Abstract

The aim of this study is to examine direct and indirect effect of managerial ownership and financial performance on firm value. The samples using 35 companies listed on the PROPER (corporate performance evaluation program in environmental management). Type of data is secondary data listed on the Indonesia Stock Exchange for four three years period (2012-2014). The samples are taken by purposive sampling. The data is analyzed by using multiple regression analysis with path analysis. The findings of this study show that: (1) the direct effect of managerial ownership on firm value is insignificant (2) the indirect effect of managerial ownership on firm value through corporate environmental disclosure is significant. (3)The direct effect of financial performance firm value is significant (4) the indirect effect of financial performance on firm value through corporate environmental disclosure is significant.This study contributes not only to the research literature but also to help corporate to develop strategies toward improving firm value.