Institutional ownership, corporate reputation, and accounting information on stock prices
DOI:
https://doi.org/10.28932/vikara.v1i3.15082Keywords:
accounting information, corporate reputation, institutional ownership, stock priceAbstract
This study aims to examine the effect of institutional ownership, corporate reputation proxied by firm age, and accounting information proxied by total assets, on stock prices. The study uses secondary data from financial statements and annual reports of companies listed in the LQ45 index during 2022-2024. The sample was selected using purposive sampling, and the data were analyzed using multiple linear regression with SPSS. The results show that institutional ownership and accounting information, proxied by total assets, do not affect stock prices, while corporate reputation, proxied by firm age, has a positive effect on stock prices. These findings indicate that, from agency relationship perspective, investors do not assess firms solely based on institutional ownership and the number of resources controlled by the company but also consider the firm’s track record of continuity as a reflection of management’s ability to maintain shareholders’ trust. This study implies that companies need to preserve their reputation consistently, as sustained business continuity can strengthen investor confidence and support stock price formation.References
Anggraeni, F., & Lestari, D. (2022). Pengaruh struktur modal, ukuran perusahaan, kepemilikan institusional, kepemilikan terkonsentrasi, dan profitabilitas terhadap harga saham perusahaan makanan dan minuman yang terdaftar di BEI Periode 2014-2019. Kalbisiana: Jurnal Sains, Bisnis dan Teknologi, 8(3), 3565-3582. http://ojs.kalbis.ac.id/index.php/kalbisiana/article/view/1567
Ayuwardani, R. P., & Isroah, I. (2018). Pengaruh informasi keuangan dan non keuangan terhadap underpricing harga saham pada perusahaan yang melakukan initial public offering (Studi empiris perusahaan go public yang terdaftar di Bursa Efek Indonesia tahun 2011-2015). Jurnal Nominal, 7(1), 143-158. https://doi.org/10.21831/nominal.v7i1.19781
Bungsu, G. F., Mar’arti, F. S., & Puspita, M. E. (2023). Pengaruh CSR, profitabilitas, dan ukuran perusahaan terhadap harga saham. Ekoma: Jurnal Ekonomi, Manajemen, Akuntansi, 3(1), 49-61. https://doi.org/10.56799/ekoma.v3i1.1828
Heriyanto, M. (2025). IHSG ditutup melemah seiring rencana penyesuaian “free float” MSCI. Antara News. https://www.antaranews.com/berita/5202017
Hidayati, L. N., Friantin, S. H. E., & Putri, I. S. (2022). Pengaruh return on asset (ROA), return on equity (ROE), dan earning per share (EPS) terhadap harga saham. Solusi: Jurnal Ilmiah Bidang Ilmu Ekonomi, 20(3), 304-313. https://doi.org/10.26623/slsi.v20i3.5809
Jaya, K. I., Suhartini, A. M., Jariyatin, N., & Septiani, D. (2026). Prediksi Indeks Harga Saham Gabungan Indonesia menggunakan model CNN-CA-LSTM dan aplikasi website Streamlit. Jati (Jurnal Mahasiswa Teknik Informatika), 10(1), 1081-1088. https://doi.org/10.36040/jati.v10i1.16901
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs, and ownership structure. Journal of Financial Economics, 3(4), 305-360. https://doi.org/10.1016/0304-405X(76)90026-X
Marlina, E., & Muslim, A. I. (2024). Pengaruh risiko sistematis (beta), ukuran perusahaan (firm size), dan umur perusahaan (firm age) terhadap harga saham (Studi pada perusahaan manufaktur di BEI periode 2013-2022). Review of Applied Accounting Research (RAAR), 4(2), 56-62. https://doi.org/10.30595/raar.v4i2.24179
Mitfah, A. A., Khairiyani, K., & Rosida, R. (2022). Pengaruh corporate social responsibility (CSR) terhadap harga saham (Perusahaan yang terdaftar di JII (Jakarta Islamic Index) periode 2017-2019). At-Tawassuth: Jurnal Ekonomi Islam, 7(2), 156-168. https://doi.org/10.30829/ajei.v7i2.11653
Novela, P., & Yanti, H. B. (2022). Pengaruh kinerja keuangan, struktur aset, dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan food and beverages yang terdaftar di BEI. Jurnal Ekonomi Trisakti, 2(2), 1933-1940. https://doi.org/10.25105/jet.v2i2.14891
Nurdiniah, D., & Wulansari, M. (2021). Pengaruh kepemilikan institusional, kepemilikan publik, dan profitabilitas terhadap nilai perusahaan. Jurnal Akuntansi dan Manajemen Esa Unggul, 9(1), 39-48. https://ejurnal.esaunggul.ac.id/index.php/JAME/article/view/4779/3247
Parwati, T. A., Hadi, H., & Elfiswandi, E. (2022). Effect of earning per share, company size, and institutional ownership on stock return. Journal of Business and Economics (JBE), 7(1), 40-46. https://jbe-upiyptk.org/ojs/index.php/jbe/article/view/74/38
Sani, J., Kamal, M. M., Biswas, T. K., Shahid, T., Tabassum, F. T., & Hossain, F. (2025). Determinants of share price of Dhaka Stock Exchange. American Journal of Applied Statistics and Economics, 4(1), 12-19. https://doi.org/10.54536/ajase.v4i1.3715
Saputra, W. S., Yuliman, A. B., & W, B. C. L. (2023). Profitability, financial leverage, size, dan underpricing stock price. Akurasi: Jurnal Riset Akuntansi dan Keuangan, 5(1), 63-72. https://doi.org/10.36407/akurasi.v5i1.740
Sulastri, T., & Suselo, D. (2022). Pengaruh inflasi, suku bunga, dan nilai tukar terhadap harga saham PT Telekomunikasi Indonesia Tbk. JPEKA: Jurnal Pendidikan Ekonomi, Manajemen dan Keuangan, 6(1), 29-40. https://doi.org/10.26740/jpeka.v6n1.p29-40
Sunaryo, D. (2025). Manajemen investasi dan portofolio (Dilengkapi model kasus kontemporer). Yayasan Drestanta Pelita Indonesia. https://www.researchgate.net/publication/388499177
Utami, M. R., & Darmawan, A. (2018). Pengaruh DER, ROA, ROE, EPS, dan MVA terhadap harga saham pada indeks saham syariah Indonesia. Journal of Applied Managerial Accounting, 2(2), 206-218. https://doi.org/10.30871/jama.v2i2.910
Yahaya, O. A. (2025). Institutional ownership and firm performance. International Journal of Management Science and Applications, 14(4), 87-111. https://www.researchgate.net/publication/390761159
Downloads
Published
Issue
Section
License
Copyright (c) 2026 Dirgantara Dahana Mokoginta
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
