SISCA CHRISTIANTY DEWI
Trisakti School of Management

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PENGARUH KEPEMILIKAN MANAGERIAL, KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN HUTANG, PROFITABILITAS DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN SISCA CHRISTIANTY DEWI
Jurnal Bisnis dan Akuntansi Vol 10 No 1 (2008): Jurnal Bisnis dan Akuntansi
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (196.688 KB) | DOI: 10.34208/jba.v10i1.252

Abstract

The research examines the effect of managerial ownership, institutional ownership, leverage policy,profitability, and firm size on dividend policy. The research model uses dividend policy to reflect the agency issues and conflict of interest between agent (manager) and principal (insider and outsider shareholders). Thirty two firms were used as sample listed at Jakarta Stock Exchange, and had positive earnings after tax and shared dividen from 2002 till 2005 repeatedly. Data were analyzed using multiple regression analysis. The results show that managerial ownership, institutional ownership, leverage policy, and profitability had a negative effect on dividend policy. The big firm would increase dividend policy rather than small firm.