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Authors:  Hwihanus 1 ; Tri Ratnawati 1 and Indrawati Yuhertiana 2

Affiliations: 1 17 August 1945 Surabaya University, Indonesia ; 2 University of Pembangunan Nasional Veteran, Indonesia

Keyword(s): Macro Fundamentals, Micro Fundamentals, Ownership Structure, Auditor Opinion, Value of the Firm.

Abstract: The State-Owned Enterprise is a company that was unique and in demand by the public because the stock price and value of the firm was high enough to give investor confidence in buying shares. High value of the firm made researchers keen to test and analyze the causal relationships that affect fundamental value of the firm in the form of micro and macro fundamentals of the ownership structure, financial performance, as well as the value of the company of the State Owned Enterprises listed on the Indonesia Stock Exchange. The research population was in 20 state-owned enterprises listed on the Indonesia Stock Exchange. This research method uses purposive sampling with 12 companies in 2010 - 2015. Data of analysis techniques in this study using Partial Least Square consists of Inner model, Outer model and Weight relations. The test results show that all hypothesis tested are influential. This includes micro fundamentals influencing auditor opinion (H2) and ownership structure (H4) and ow nership structure (H7) and auditor opinion (H8) affecting the value of the state-owned enterprise. (More)

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Paper citation in several formats:
Hwihanus.; Ratnawati, T. and Yuhertiana, I. (2019). Analysis of Macro Fundamental and Micro Fundamental Effect on Ownership Structure, Auditor Opinion and Value of the Firm in State-Owned Enterprises Companies in Indonesia Stock Exchange. In Proceedings of the 7th International Conference on Entrepreneurship and Business Management - ICEBM Untar; ISBN 978-989-758-363-6, SciTePress, pages 214-219. DOI: 10.5220/0008490802140219

@conference{icebm untar19,
author={Hwihanus. and Tri Ratnawati. and Indrawati Yuhertiana.},
title={Analysis of Macro Fundamental and Micro Fundamental Effect on Ownership Structure, Auditor Opinion and Value of the Firm in State-Owned Enterprises Companies in Indonesia Stock Exchange},
booktitle={Proceedings of the 7th International Conference on Entrepreneurship and Business Management - ICEBM Untar},
year={2019},
pages={214-219},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0008490802140219},
isbn={978-989-758-363-6},
}

TY - CONF

JO - Proceedings of the 7th International Conference on Entrepreneurship and Business Management - ICEBM Untar
TI - Analysis of Macro Fundamental and Micro Fundamental Effect on Ownership Structure, Auditor Opinion and Value of the Firm in State-Owned Enterprises Companies in Indonesia Stock Exchange
SN - 978-989-758-363-6
AU - Hwihanus.
AU - Ratnawati, T.
AU - Yuhertiana, I.
PY - 2019
SP - 214
EP - 219
DO - 10.5220/0008490802140219
PB - SciTePress