PENGARUH STRUKTUR KEPEMILIKAN, KINERJA KEUANGAN DAN TINGKAT EKONOMI MAKRO TERHADAP KEBIJAKAN BUYBACK

Kurniawan, Chandra and Verawaty, Verawaty and Kemala Jaya, Ade (2016) PENGARUH STRUKTUR KEPEMILIKAN, KINERJA KEUANGAN DAN TINGKAT EKONOMI MAKRO TERHADAP KEBIJAKAN BUYBACK. In: Seminar Nasional “Global Competitive Advantage”, BinaDarmaUniversity.

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Abstract

This study examined the effect of ownership structure, financial performance and the macro-economic level to firms in Indonesia for their stock repurchase policy aims to distribute excess cash to shareholders. This research was conducted on the 11th Company of the 17th Company to buy back in the Indonesia Stock Exchange 2013-2014, who were selected through purposive sampling techniques and analytical methods used in this research is Multiple Regression Analysis. The results of this study prove that: Owners institutional and managerial had no influence on policy buybacks, Profitability has no influence on policy buybacks, Free Cash Flow has a positive and significant impact on the policy of the buyback, the size of the company does not have an influence on policy buyback, exchange rate has no effect the buyback policy. Keywords: Stock Repurchase, Ownership Structure, Profitability, Free Cash Flow, Exchange

Item Type: Conference or Workshop Item (Paper)
Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Mrs Verawaty Mahyudin
Date Deposited: 18 Aug 2016 03:49
Last Modified: 18 Aug 2016 03:49
URI: http://eprints.binadarma.ac.id/id/eprint/3023

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