Pengaruh Kepemilikan Saham Manajer, Kepemilikan Saham Institusi Dan Leverage Terhadap Diversifikasi Bisnis (Studi Pada Perusahaan Property and Real Estate Di Bei Periode Tahun 2013 - 2015)

This research have purpose is to explain and determine the effect of managerial share ownership, institutional share ownership, and leverage to business diversification. The data used in the study is secondary data obtained from site www.idx.co.id. The sample selection using purposive sampling, there are 47 companies listed in this sector but selected only 39 companies, 8 others are not eligible for sampling. The independent variables used are (MNJR) Manager Ownership, (INST) Institutional Ownership ,(DER) and using the dependent variable is Herfindahl Index (HERF). The result of the research shows that the ownership of managers' shares and institutional ownership has not significantly affectt in business diversification. But DER shows different results that significantly affect with the direction of the negative relationship to diversification. Keyworwds : business diversification, managerial share ownership, institutional share ownership, leverag