FUNDAMENTAL MAKRO DAN KARAKTERISTIK PERUSAHAAN DALAM STRUKTUR KEPEMILIKAN PADA BADAN USAHA MILIK NEGARA
Abstract
The purpose of this study is to see the effect of share ownership structure carried out by the government in operational management activities based on macro fundamentals and company characteristics in State-Owned Enterprises. This research is a continuation of previous research that is of interest to state that macro fundamentals do not have a significant effect on ownership structure. The study population of State-Owned Enterprises is 20 companies listed on the Indonesia Stock Exchange. The sample of this study used purposive sampling with 12 companies from 2010 to 2018. The analysis technique used partial least square (PLS). The results of this study indicate that macro fundamentals have a significant effect on ownership structure, macro fundamentals have significant effects on company characteristics and that characteristics have a significant effect on ownership structures in BUMN companies. Keywords: Macro Fundamentals, Company Characteristics, Ownership Structure, State-Owned EnterprisesDownloads
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