The Effect of Ownership and Financial Performance on Firm Value of Oil and Gas Mining Companies in Indonesia

Authors

  • Hasanudin Hasanudin
  • Andini Nurwulandari
  • I. Made Adnyana
  • Novi Loviana

Abstract

This study aims to analyze the effect of institutional ownership, operating leverage, liquidity on firm value with company performance as an intervening in oil and gas mining companies listed in Indonesia Stock Exchange (IDX) between 2014-2018. A total of 10 companies classified in on the Indonesia Stock Exchange in the oil and natural gas mining sub-sector were used as sample, making the number of assessments to be 50 observations within a span of 5 years of 2014-2018. Data analysis using Partial least squares/PLS analysis with Structural Equation Modeling/SEM analysis model. The results of the study revealed that institutional ownership, operating leverage and liquidity have a positive influence on firm value. The mediating test by using the Sobel test showed that the firm's performance is able to mediate the effect of institutional ownership, operating leverage, liquidity on the the value of oil and gas companies in IndonesiaKeywords: energy companies, institutional ownership, operating leverage, liquidity, firm value, firm performanceJEL Classifications: L25, Q43DOI: https://doi.org/10.32479/ijeep.9567

Downloads

Download data is not yet available.

Downloads

Additional Files

Published

2020-08-10

How to Cite

Hasanudin, H., Nurwulandari, A., Adnyana, I. M., & Loviana, N. (2020). The Effect of Ownership and Financial Performance on Firm Value of Oil and Gas Mining Companies in Indonesia. International Journal of Energy Economics and Policy, 10(5), 103–109. Retrieved from https://mail.econjournals.com/index.php/ijeep/article/view/9567

Issue

Vol. 10 No. 5 (2020)

Section

Articles

License

Submission of an article implies that the work described has not been published previously , that it is not under consideration for publication elsewhere, that its publication is approved by all authors and tacitly or explicitly by the responsible authorities where the work was carried out, and that, if accepted, will not be published elsewhere in the same form, without the written consent of the Publisher. The Editors reserve the right to edit or otherwise alter all contributions, but authors will receive proofs for approval before publication.