This study uses secondary data According to Sugiyono 2010 137 secondary data is

This study uses secondary data according to sugiyono

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This study uses secondary data. According to Sugiyono (2010: 137) secondary data is a source of research data obtained by researchers indirectly through intermediary media or obtained and recorded by other parties. The data in this study were obtained from the annual report obtained from the site during 2015-2017. The dependent variable in this study is the firm value measured using the Price Book Value (PBV). Company value measured by Price book value (PBV) is a market ratio used to measure stock price performance against the book value of a company. According to Brigham and Houston (2006: 115) the ratio of book value is measured through: PBV = Stock Price / Book Value. Managerial ownership is the number of shares owned by the management of the company. Managerial ownership is measured based on the percentage of share ownership by the company institution. The formula for calculating the percentage of managerial ownership according to Sartono (2010: 487). Managerial Ownership = Number of Managerial Shares / Number of Shares Outstanding x 100%.
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141 p-ISSN:1411-6510 e-ISSN :2541-6111 The Effect of Managerial Ownership, Institutional Ownership, Company Growth, Liquidity, and Profitability... JURNAL Riset Akuntansi dan Keuangan Indonesia Vol.4 No.2 September 2019 Institutional ownership is the number of shares of a company owned by parties outside the management of the company or institution outside the company. Institutional ownership is measured according to the percentage of share ownership by institutions outside the company. The formula for calculating the percentage of institutional ownership according to Sartono (2010: 487). Institutional Ownership = Number of Institutional Shares / Number of Shares Outstanding x 100%. Company growth is an increase in assets owned by companies that can increase the size of the company. The company’s growth is calculated from the growth of its total assets. Total Assets Growth (TAG) is the result of a reduction in the total assets held by the company in the present with the past or previous period of the total assets in the previous period. The company growth formulation used in this study is as follows (Anggawulan et al, 2016). Company Growth = TA(t)-TA(t-1) / TA(t-1) x 100% The liquidity ratio is a ratio to determine the company’s ability to fulfill short-term obligations that must be paid. Liquidity is measured by the ratio of current assets divided by current liabilities. The Current Ratio is the ratio between current assets divided by short-term liabilities (Kusumawati, et al., 2018: 43). Liquidity = Current Assets / Short- term Obligations. A profitability ratio is a ratio to find out the company’s ability to look for profit or profit in a period. Return on Assets (ROA) is a form of profitability ratio to measure a company’s ability to generate profits by using existing assets and after capital costs (costs used to fund assets) are excluded from the analysis (Kusumawati et al., 2018: 41).
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