Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia
This paper has proposed a specific case in the property and real estate sector regarding the impact of ownership structure and corporate performance, since this sector is one of those with booming investment in Indonesia. The ownership structure was represented by the institutional investor and mana...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
LLC "CPC "Business Perspectives"
2017-07-01
|
| Series: | Investment Management & Financial Innovations |
| Subjects: | |
| Online Access: | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8965/imfi_2017_02cont_Saleh.pdf |
| _version_ | 1819117246316806144 |
|---|---|
| author | Mustaruddin Saleh Giriati Zahirdin Ellen Octaviani |
| author_facet | Mustaruddin Saleh Giriati Zahirdin Ellen Octaviani |
| author_sort | Mustaruddin Saleh |
| collection | DOAJ |
| description | This paper has proposed a specific case in the property and real estate sector regarding the impact of ownership structure and corporate performance, since this sector is one of those with booming investment in Indonesia. The ownership structure was represented by the institutional investor and managerial ownership, and the Economic Value Added (EVA) and Tobin’s Q were used as a proxy for firm performance. This study utilized the purposive sampling of 240 observations over the period 2010-2015. The fixed and random effect panel data model was employed to determine the relationship among the variables. Findings show that the institutional investor and company’s size, as well as debt ratio, are important in explaining firm performance, while managerial ownership has a partially significant effect on the performance of companies in this industry. |
| first_indexed | 2024-12-22T05:29:56Z |
| format | Article |
| id | doaj.art-e595bfde81404ec6add3611f4acddd74 |
| institution | Directory Open Access Journal |
| issn | 1810-4967 1812-9358 |
| language | English |
| last_indexed | 2024-12-22T05:29:56Z |
| publishDate | 2017-07-01 |
| publisher | LLC "CPC "Business Perspectives" |
| record_format | Article |
| series | Investment Management & Financial Innovations |
| spelling | doaj.art-e595bfde81404ec6add3611f4acddd742022-12-21T18:37:29ZengLLC "CPC "Business Perspectives"Investment Management & Financial Innovations1810-49671812-93582017-07-0114225226310.21511/imfi.14(2-1).2017.108965Ownership structure and corporate performance: evidence from property and real estate public companies in IndonesiaMustaruddin Saleh0Giriati Zahirdin1Ellen Octaviani2Dr., Faculty of Economics and Business (FEB), Universitas Tanjungpura, PontianakFaculty of Economics and Business (FEB), Universitas Tanjungpura, PontianakParamount Reuben Extra Prep. Pty Limited, SydneyThis paper has proposed a specific case in the property and real estate sector regarding the impact of ownership structure and corporate performance, since this sector is one of those with booming investment in Indonesia. The ownership structure was represented by the institutional investor and managerial ownership, and the Economic Value Added (EVA) and Tobin’s Q were used as a proxy for firm performance. This study utilized the purposive sampling of 240 observations over the period 2010-2015. The fixed and random effect panel data model was employed to determine the relationship among the variables. Findings show that the institutional investor and company’s size, as well as debt ratio, are important in explaining firm performance, while managerial ownership has a partially significant effect on the performance of companies in this industry.https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8965/imfi_2017_02cont_Saleh.pdfEconomic Value Added (EVA)institutional ownershipmanagerial ownershipTobin’s Q |
| spellingShingle | Mustaruddin Saleh Giriati Zahirdin Ellen Octaviani Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia Investment Management & Financial Innovations Economic Value Added (EVA) institutional ownership managerial ownership Tobin’s Q |
| title | Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia |
| title_full | Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia |
| title_fullStr | Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia |
| title_full_unstemmed | Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia |
| title_short | Ownership structure and corporate performance: evidence from property and real estate public companies in Indonesia |
| title_sort | ownership structure and corporate performance evidence from property and real estate public companies in indonesia |
| topic | Economic Value Added (EVA) institutional ownership managerial ownership Tobin’s Q |
| url | https://businessperspectives.org/images/pdf/applications/publishing/templates/article/assets/8965/imfi_2017_02cont_Saleh.pdf |
| work_keys_str_mv | AT mustaruddinsaleh ownershipstructureandcorporateperformanceevidencefrompropertyandrealestatepubliccompaniesinindonesia AT giriatizahirdin ownershipstructureandcorporateperformanceevidencefrompropertyandrealestatepubliccompaniesinindonesia AT ellenoctaviani ownershipstructureandcorporateperformanceevidencefrompropertyandrealestatepubliccompaniesinindonesia |