THE EFFECT OF OWNERSHIP STRUCTURE ON STOCK PRICE WITH FINANCIAL PERFORMANCE AS INTERVENING VARIABLE (Studi Kasus Pada Perusahaan Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia tahun 2011-2016)

Abstract

This study aims to examine the effect of ownership structure and financial
performance on stock prices. The ownership structure in this study is proxied by
managerial ownership variable and institutional ownership, financial performance
is proxyed by Retturn on Assets (ROA), while stock price is calculated by book price
or value book (PBV). Sample in this research is company manufacturing sector sub
sector of food and beverage company that listed in Indonesia stock exchange
between year 2010-2016. The result of regression in this research shows that
managerial ownership variable has significant influence to Retturn on Assets
(ROA) and price book to value (PBV), and institutional ownership has no
significant effect to return on assets (ROA) and price book to value (PBV) . The
Retturn on Assets (ROA) variable has no effect on price book to value (PBV).
Keywords : managerial ownership, institutional ownership, return on assets
(ROA), price book to value (PBV).