The Effect Of Institutional Ownership, Independent Commissioners On Firm Value With Profitability As Intervening Variables

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Junardi

Abstract




The prosperity of shareholders depends on the firm value. The fluctuations in firm value are inseparable from management's performance in managing the company. This study aims to determine the effect of institutional ownership, independent commissioners, and profitability on firm value, the effect of institutional ownership and independent commissioners on profitability, as well as the effect of institutional ownership and independent commissioners on firm value with profitability as the intervening variable. The research sample was determined using a purposive sampling judgment method which resulted in 41 companies from a total population of 62 Food and Beverage Subsector Companies listed on the IDX for the 2016-2020 period. This research type is associative research with quantitative methods. The data analysis technique used is path analysis using the SMART PLS 3.0. The results show that institutional ownership significantly affects profitability, and profitability significantly affects firm value, while independent commissioners have no significant effect on profitability. Institutional ownership and independent commissioners have no significant effect on firm value. Institutional ownership and independent commissioners have a significant effect on firm value with profitability as the intervening variable, while profitability cannot mediate the effect of independent commissioners on firm value.




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How to Cite
Junardi. (2022). The Effect Of Institutional Ownership, Independent Commissioners On Firm Value With Profitability As Intervening Variables. Journal Of Vocational Education, 1(1). Retrieved from http://scientific-journal.net/index.php/jove/article/view/13