PENGARUH BLOCKHOLDER TERHADAP NILAI PERUSAHAAN

Blockholders are defined as shareholders owning 5% or more of a
company’s stock. Which are blockholder concentration and blockholder
dispersion. This research purposed to observe (1) influence of concentration
blockholder on firm value (2) influence of dispersion on firm value (3) the
difference between of the second blockholders. Sample used by purposive
sampling method with manufacturing firms at years 2008-2011. There find 40
firm in criteria of the sample consist of 30 firms of blockholder concentration and
10 firm blockholder dispersion. This research also used classical theori of statistic
which are normality test, multicolinearity test, heteroskedasticity test, and
autocorrelation test. Data was analyzed by using a simple regression model and
multiple linear regression with SPSS version 16.0.
The result of this research found that has positive influence on blockholder
concentration and blockholder dispersion on firm value without control variables.
And for including control variables has positive not significant to blockholder
concentration and negative not significant influence to blockholder dispersion.