PENGARUH KEPEMILIKAN INSTITUSIONAL DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN MANAJEMEN LABA SEBAGAI VARIABEL INTERVENING ( STUDI EMPIRIS PADA PERUSAHAAN PERBANKAN YANG TERDAFTAR DI BEI PERIODE 2010-2014 )

Abstract

This study aimed to analyze and explain: (1) the influence of institutional
ownership on firm value, (2) the influence of institutional ownership on firm value
through earnings management, (3) the effect of profitability on firm value, (4) the
effect of profitability on firm value through management earnings, (5) the effect of
earnings management on firm value. The study population was banking
companies listed in the Indonesia Stock Exchange (BEI) in the period 2010 to
2014 with a total sample of 26 companies. Technical analysis of the data in this
study using path analysis with SPSS version 21.
Results of data analysis proves that : (1) institutional ownership has no effect on
firm value, (2) institutional ownership positively affects the firm value to be
mediated by earnings management, (3) profitability negatively affect the firm
value, (4) profitability negatively affect the firm value to be mediated by earnings
management (5) earnings management negatively affect the firm value.