Interaksi Dewan Komisaris Independen dan Dewan Direksi dengan Kepemilikan Manajerial Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2020-2022)

Vivi Rendria Sari, Nur Diana, Irma Hidayati

Abstract


This study aims to examine the collective effect of Managerial Ownership, the Independent Board of Commissioners, and the Board of Directors on the Firm Value of manufacturing sector entities listed on the Indonesia Stock Exchange over the period 2020-2022. For the analysis, methodologies such as simple regression and moderated regression were employed. Secondary data for this investigation was sourced through documentation involving the gathering of data from financial disclosures made on the Indonesia Stock Exchange within the stipulated timeline, as well as from academic literature. The study's results reveal that Managerial Ownership did not have a discernible effect on the Firm's Value. Conversely, a notable and positive effect on the Firm's Value was observed from the Independent Board of Commissioners and the Board of Directors. Additionally, a significant and positive impact on the Firm's Value was produced by the interaction between Managerial Ownership and the Independent Board of Commissioners. On the other hand, no significant impact on the Firm's Value was demonstrated by the interaction between Managerial Ownership and the Board of Directors.

Keywords: Managerial ownership, independent board of commissioners, board of directors, firm value


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References


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