THE ABILITY OF MANAGERIAL OWNERSHIP TO MODERATE THE RELATIONSHIP BETWEEN INVESTMENT OPPORTUNITY SET AND STOCK PRICES ON THE IDX
Abstract
This research was conducted on the Indonesian stock exchange with the aim of determining the ability of managerial ownership to moderate the relationship between investment opportunity sets and share prices. Investment opportunity sets are assessed using three Markets to book value of equity (MVE) , Book to markets value of assets (MVA), Earnings to price ratios (EP) and Managerial Ownership (MO). This research is a quantitative descriptive research conducted using secondary data obtained from the official website of the Indonesian capital market and the official website of the sample companies. Data analysis was carried out using multiple linear regression analysis with the moderating variable value using the interaction between the independent variable and the moderating variable. From the results of the data analysis that has been carried out, it is found that managerial ownership is unable to moderate the relationship between investment opportunity sets and share prices.