?url_ver=Z39.88-2004&rft_id=1411031071&rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Adc&rft.title=PENGARUH+PRIVATISASI+TERHADAP+KINERJA+DAN+NILAI%0D%0APERUSAHAAN+BUMN+YANG+TERDAFTAR+DI+BURSA%0D%0AEFEK+INDONESIA+TAHUN+2015-2017&rft.creator=KURNIA+PURNAMA+AYU+%2C+1411031071&rft.subject=HF5601+Accounting&rft.description=Penelitian+ini+bertujuan+untuk+menguji+pengaruh+privatisasi+BUMN%0D%0Aterhadap+kinerja+dan+nilai+perusahaan.+Privatisasi+merupakan+penjualan+saham%0D%0Apersero+BUMN+yang+menyebabkan+struktur+kepemilikan+BUMN+tidak+lagi%0D%0Aterkonsentrasi+sebagai+milik+pemerintah%2C+namun+sebagian+sahamnya+beralih%0D%0Amenjadi+milik+publik.+Variabel+independen+yang+digunakan+dalam+penelitian+ini%0D%0Aadalah+kepemilikan+pemerintah%2C+kepemilikan+manajerial%2C+kepemilikan+asing+dan%0D%0Akepemilikan+institusional.+Sementara+variabel+dependen+yang+diuji+adalah+kinerja%0D%0Adan+nilai+perusahaan.+Penelitian+ini+juga+menggunakan+leverage+sebagai+variabel%0D%0Akontrol.+Populasi+dalam+penelitian+ini+adalah+BUMN+yang+terdaftar+di+BEI+tahun%0D%0A2015-2017.+Berdasar+hasil+purposive+sampling%2C+sampel+yang+digunakan+berjumlah%0D%0A42+sampel+dari+14+perusahaan+BUMN+yang+terpilih.+Data+penelitian+dianalis%0D%0Amenggunakan+analisis+regresi+berganda.+Hasil+penelitian+menunjukkan+bahwa%0D%0Akepemilikan+pemerintah+dan+kepemilikan+manajerial+tidak+berpengaruh+terhadap%0D%0Akinerja+perusahaan.+Sedangkan+kepemilikan+asing+dan+kepemilikan+institusional%0D%0Aberpengaruh+positif+dan+signifikan+terhadap+kinerja+dan+nilai+perusahaan.+Variabel%0D%0Akontrol+leverage+berpengaruh+signifikan+terhadap+hubungan+negatif+terhadap%0D%0Ahubungan+antara+kepemilikan+pemerintah%2C+kepemilikan+manajerial%2C+kepemilikan%0D%0Aasing+dan+kepemilikan+institusional+terhadap+kinerja+dan+nilai+perusahaan.%0D%0APenelitian+ini+membuktikan+bahwa+kebijakan+privatisasi+yang+dilakukan%0D%0Apemerintah+indonesia+untuk+meningkatkan+kinerja+dan+nilai+perusahaan%0D%0Amerupakan+langkah+yang+tepat.+Selain+itu%2C+BUMN+juga+perlu+mempertimbangkan%0D%0Atingkat+rasio+hutang+(leverage)+yang+dimiliki+oleh+BUMN+karena+akan%0D%0Amempengaruhi+tingkat+kinerja+dan+nilai+perusahaan.%0D%0AKata+Kunci%3A+privatisasi%2C+kepemilikan+pemerintah%2C+kepemilikan+manajerial%2C%0D%0Akepemilikan+asing%2C+kepemilikan+institusional%2C+kinerja+perusahaan%2C+nilai%0D%0Aperusahaan%2C+leverage%2C+BUMN%0D%0A%0D%0Aabstract%0D%0A%0D%0AThis+study+aims+to+examine+the+effect+of+privatization+of+SOEs+on+the%0D%0Aperformance+and+value+of+the+company.+Privatization+is+the+sale+of+state-owned%0D%0Acompany+shares+which+causes+the+ownership+structure+of+SOEs+to+no+longer+be%0D%0Aconcentrated+as+government+property%2C+but+some+of+its+shares+turn+into+public%0D%0Aproperty.+The+independent+variables+used+in+this+study+are+government+ownership%2C%0D%0Amanagerial+ownership%2C+foreign+ownership+and+institutional+ownership.+While+the%0D%0Adependent+variable+being+tested+is+performance+and+firm+value.+This+research+also%0D%0Auses+leverage+as+a+control+variable.+Population+in+this+research+is+BUMN+that%0D%0Alisted+in+The+Indonesian+Stock+Exchange+period+2015-2017.+Based+on+the+result+of%0D%0Apurposive+sampling%2C+the+sample+used+was+42+samples+from+14+selected+SOE%0D%0Acompanies.+Research+data+was+analyzed+using+multiple+regression+analysis.+The%0D%0Aresults+show+that+government+ownership+and+managerial+ownership+have+no+effect%0D%0Aon+company+performance.+While+foreign+ownership+and+institutional+ownership%0D%0Ahave+a+positive+and+significant+impact+on+company+performance+and+value.+The%0D%0Aleverage+control+variable+significantly+affects+the+negative+relationship+to+the%0D%0Arelationship+between+government+ownership%2C+managerial+ownership%2C+foreign%0D%0Aownership+and+institutional+ownership+of+company+performance+and+value.+This%0D%0Astudy+proves+that+the+privatization+policy+undertaken+by+the+government+of%0D%0AIndonesia+to+improve+the+performance+and+value+of+the+company+is+the+right+step.%0D%0AIn+addition%2C+SOEs+also+need+to+consider+the+level+of+leverage+owned+by+SOEs%0D%0Abecause+it+will+affect+the+level+of+performance+and+value+of+the+company..%0D%0AKeywords%3A+privatization%2C+government+ownership%2C+managerial+ownership%2C+foreign%0D%0Aownership%2C+institutional+ownership%2C+firm+performance%2C+firm+value%2C+leverage%2C+state%0D%0Aowned+enterprises.&rft.publisher=FAKULTAS+EKONOMI+DAN+BISNIS&rft.date=2018-07-23&rft.type=Skripsi&rft.type=NonPeerReviewed&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F32447%2F1%2FABSTRAK.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F32447%2F2%2FSKRIPSI%2520FULL.pdf&rft.format=text&rft.identifier=http%3A%2F%2Fdigilib.unila.ac.id%2F32447%2F3%2FSKRIPSI%2520TANPA%2520BAB%2520PEMBAHASAN.pdf&rft.identifier=++KURNIA+PURNAMA+AYU+%2C+1411031071++(2018)+PENGARUH+PRIVATISASI+TERHADAP+KINERJA+DAN+NILAI+PERUSAHAAN+BUMN+YANG+TERDAFTAR+DI+BURSA+EFEK+INDONESIA+TAHUN+2015-2017.++FAKULTAS+EKONOMI+DAN+BISNIS%2C++UNIVERSITAS+LAMPUNG.+++++&rft.relation=http%3A%2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