THE EFFECT OF COMPANY PERFORMANCE ON FIRM VALUE WITH INSTITUTIONAL OWNERSHIP AS AN INTERVENING VARIABLE (AN EMPIRICAL STUDY ON REAL ESTATE AND PROPERTY COMPANIES REGISTERED IN INDONESIAN STOCK EXCHANGE 2016-2019)
DOI:
https://doi.org/10.29121/granthaalayah.v10.i5.2022.4594Keywords:
Current Ratio, Return on Assets, Institutional Ownership, Company ValueAbstract [English]
The aims of this research is to analyze the impact of Current Ratio and ROA on Company Value with Institutional Ownership as an intervening variable with Empirical Studies on property and real estate companies registered on the IDX in 2016 – 2019.This study used quantitative descriptive method, where the data is measured on a numerical scale with the secondary data,.This study result is Institutional Ownership had not affected significantly by Current Ratio with a t-statistic of 0.883318 and firm value also not significantly affected by CR with a t-statistic of -0.712988, while Institutional Ownership not affected significantly by ROA rwith a t-statistic of 0.303315, but ROA affected significantly by ROA with a t-statistic of 3.088025 and institutional ownership not impacted significantly on firm value with a t-statistic of -0.651118.Also, Current Ratio and ROA simultaneously non affect on Institutional Ownership, but simultaneously there is a significant impact of Institutional Ownership, ROA, and Current Ratio, firm value. Based on the intervening test, can be say that institutional ownership is not able to mediate the impact of CR and ROA on company value.
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