PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL DAN LEVERAGE TERHADAP BIAYA KEAGENAN PADA PERUSAHAAN MANUFAKTUR

Abstrak

Agency costs are the costs incurred by company owners to organize and supervise the actions of managers so that they act on the company's interests. This study aims to determine the significance of the effect of managerial ownership, institutional ownership and leverage on agency costs. This research was conducted at manufacturing company in Indonesia Stock Exchange period 2012-2015 period. The sample in this research consists of 44 manufacturing companies taken by using purposive sampling technique. Data collection method used in this research is non participant observation method. Data analysis technique used is multiple linear regression analysis technique. The results of this study suggest that managerial ownership, institutional ownership and leverage have a significant negative effect on agency costs.