Authors : Nurul Fitri, Gugus Irianto and Endang Mardiati
Abstract: This study aims to analyze the impact of ownership structure on the expropriation risk. The risk of expropriation of using transactions related as a proxy in this study. This study was conducted in public companies engaged in non-financial sectors as well as active during the period 2008-2012 in the Indonesia Stock Exchange. This study uses a sample of 227 companies listed in the Indonesia Stock Exchange. The study found that institutional ownership, public ownership and family ownership have a positive effect on the risk of expropriation. This indicates that the agency theory of type 2 applies in Indonesia and the public company in Indonesia with transactions related high can increase the risk of expropriation impact.
Nurul Fitri, Gugus Irianto and Endang Mardiati, 2017. The Effect of Ownership Structure on the Expropriation Risk. International Business Management, 11: 392-396.