PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN UKURAN DEWAN KOMISARIS TERHADAP NILAI PERUSAHAAN

The purpose of this research is to examine the influence of managerial ownership, institutional ownership and the size of the board of commissioners to the firm value at the manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2009-2010. The variables examined in this research is managerial ownership, institutional ownership, size of the board of commissioners, and firm value. The sample is a manufacturing company listing on the Stock Exchange in 2009- 2010. This research used purposive sampling method in determining the number of samples used and acquired 23 companies were used as samples. Regression model and descriptive statistics used for data analysis. The results show that managerial ownership, institutional ownership and the size of the board of commissioners jointly affect firm value. Managerial Ownership significant negative effect on firm value. However, institutional ownership has no effect on firm value. While the size of the board of commissioners significant positive effect on firm value. The coefficient of determination (R2) indicates the number 0.403 which indicates the model is able to explain the influence of the independent variable on the dependent variable in the amount of 40.3%. Keywords: Managerial ownership, institutional ownership, board of commissioners and firm value