CD Skripsi
Pengaruh Kepemilikan Institusional Terhadap Biaya Keagenan Pada Perusahaan Manufaktur Sektor Industri Dasar Dan Kimia Yang Terdaftar Di Bursa Efek Indonesia (Periode 2015-2019)
This research is based on agency, which is a contractual relationship in which one or more people (participants) instruct another person (agent) to perform a service on behalf of the participant and authorize the agent. If both parties have the same goal of maximizing the value of the company, it is believed that the agent will act in a way that is in the interests of the participatory. Potential agency problems occur when the manager's share of the company's shares is less than 100% (Masdupi, 2005). With the proportion of ownership that is only part of the company, managers tend to act for personal interests and not to maximize the company. This will later cause agency costs.
Agency relationships arise when one or more individuals, called participants (participals), employ one or more individuals who employ other people (agents), to perform certain services and then delegate decision-making authority to these agents (Jensen and Meckling in Situ Muyassaroh, 2008) ). An example of this relationship is the relationship between shareholders and company management.
The main objective of this study is to examine the effect of institutional ownership on agency costs in manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2019 period. Manufacturing companies always experience development from year to year so this results in a lot of competition that occurs in every company.
The results of this study indicate that the processed data is normally distributed with a significant level for the variable X is 0.234> 0.05 and the results of the t test show 1.206 and 2.01669. If < then Ho is accepted and HA is rejected, it means that there is no significant effect between each independent variable and the dependent variable.
For readers, the results of this study are expected to add insight into knowledge related to institutional ownership of agency costs. Especially those
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who are interested in knowing the effect that institutional ownership can have on
agency costs. Investors and potential investors should invest in large companies
because large companies are required to work with high professionalism in order
to reduce agency costs. Not only that, large companies have higher profits than
their branch companies. For further researchers to increase the number of other
variables that affect agency costs such as foreign ownership, capital structure and
so on.
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