Adrian Situmorang
Mahasiswa FEB UB Akuntansi

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Pengaruh Kepemilikan Institusional dan Kepemilikan Publik Terhadap Return Saham: Studi Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Adrian Situmorang; Noval Adib
Reviu Akuntansi, Keuangan, dan Sistem Informasi Vol. 1 No. 4 (2022): Reviu Akuntansi, Keuangan dan Sistem Informasi (REAKSI)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

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Abstract

Activities in the capital market are inseparable from economic, social, political, and even environmental phenomena to human rights. Information and phenomena related to these various issues will always be responded to by the capital market and can affect the stock returns obtained by investors. Therefore, good corporate governance (GCG) is needed to maintain company value. One of the components in the implementation of GCG is the ownership structure. The ownership structure is an institution or individual that holds or owns a portion of shares in a company. The components of good corporate governance used are institutional ownership and public ownership. Therefore, this study aims to determine how the influence of institutional ownership and public ownership on stock returns. The object of this research is manufacturing companies listed on the Indonesia Stock Exchange in 2019 – 2020. 150 companies were collected as sample data using the purposive sampling method. Data analysis was carried out using quantitative analysis methods with SPSS version 25.0 tools. The test results show that institutional ownership has a positive effect on stock returns, and public ownership has a negative effect on stock returns. In addition, institutional ownership and public ownership have a positive influence on stock returns simultaneously.