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Journal : Widya Warta

PENGARUH INSIDER OWNERSHIP, INSTITUTIONAL OWNERSHIP, DISPERSION OF OWNERSHIP, TINGKAT PERTUMBUHAN PERUSAHAAN, DAN RISIKO PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2003-2006 Tri Rahmawati, Christina Heti
Widya Warta No. 01 Tahun XXXV / Januari 2011
Publisher : Universitas Katolik Widya Mandala Surabaya Kampus Kota Madiun

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Abstract

To know partially the effect of insider ownership, institutional ownership, dispersion of ownership, degree of firm growth, and firm risk on dividend policy in firms that listed at Indonesia Stock Exchange of 2003–2006 period is the main purpose of this research. The other purpose is to know simultaneously the effect of insider ownership, institutional ownership, dispersion of ownership, degree of firm growth and firm risk on dividend policy in firms that listed at Indonesia Stock Exchange of 2003-2006 period. The population of this research was all the firms that listed at Indonesia Stock Exchange of 2003-2006 period namely, 266 in number. The sample, 35 firms, was taken by the use of purposive sampling method. The technique of data collection used was documentation. The data were obtained from center of stock exchange data, Faculty of Economics and Business, Gadjah Mada University of Yogyakarta. The data analysis made use of multiple linear regression method. The results showed that partially insider ownership had a negative effect on and was not significant to dividend policy. Institutional ownership had a positive effect on but was not significant to dividend policy. Dispersion of ownership had a positive effect on but was not significant to dividend policy. Degree of firm growth had a negative effect on and was significant to dividend policy. Firm risk had a negative effect on but was significant to dividend policy. Simultaneously insider ownership, institutional ownership, dispersion of ownership, degree of firm growth, and firm risk had a positive effect on and were significant to dividend policy.
PENGARUH SET KESEMPATAN INVESTASI DAN KEPEMILIKAN MANAJEMEN TERHADAP PEMBAYARAN DIVIDEN PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA Tri Rahmawati, Christina Heti
Widya Warta No. 01 Tahun XLI/Januari 2017
Publisher : Universitas Katolik Widya Mandala Surabaya Kampus Kota Madiun

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Abstract

The purpose of the research was to examine: (1) the effect of investment opportunity set on dividend payout at the firms listed at Indonesia Stock Exchange at period 2013-2015 and (2) the effect of  investment opportunity set on dividend payout with insider ownership as a moderating variable at the firms listed at Indonesia Stock Exchange at 2013-2015 period. The population in this research was all of the firms listed at Indonesia Stock Exchange at 2013-2015 period, namely 266 firms. The samples were taken with purposive sampling method; they were 35 firms. The criteria of the firms becoming samples were (1) having insider ownership and (2) having amount of stocks to be sold. The data collection technique was using documentation of the center of stock exchange data, Faculty of Economics and Business UGM. The data analysis method was multiple linear regression. The analysis showed that the investment opportunity set had a negative impact on dividend payout, while the insider ownership strengthened the relationship.