PENGARUH STRUKTUR KEPEMILIKAN TERHADAP AGENCY PROBLEM PADA PERUSAHAAN GO PUBLIC YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This study examines the effect of ownership structure on the agency problem on a public listed company listed on the Indonesia Stock Exchange. In this study used several variables: managerial ownership, family ownership, institutional ownership, government ownership, foreign ownership, and agency problems proxied by asset turnover ratios. The method of analysis used in this study is multiple regression analysis with classical assumption test. The population taken is all manufacturing companies listed on the Indonesia Stock Exchange in 2016 while the sample is taken using criteria that have financial statements and complete annual report to get a sample of 140 companies. The program used to process the data in this study is EViews 9. The results of this study indicate that only foreign ownership variables that have a negative and significant influence on the agency problem. While other ownership variables do not have a significant effect on the agency problem.