Management Analysis Journal
Vol 8 No 4 (2019): Management Analysis Journal

Agency Theory: Ownership Stucture and Capital Structure as Determinants of Dividend Policy

Anggoro, Haris Dwi (Unknown)
Yulianto, Arief (Unknown)



Article Info

Publish Date
20 Dec 2019

Abstract

The purpose of this study is to analyze the effect of ownership structure and capital structure in decision-making about dividend policy. Observation units used in this study consisists off all manufacturing companies listed on the Indonesia Stock Exchange which pay dividend during 2008 to 2017. This research uses purposive sampling method. The number of samples in this study was 21 companies consist of 210 data. The research variables consist of Institutional Ownership, Public Ownership and Capital Structure as independent variables and Dividend Policy as the dependent variable. Data analysis method used is descriptive analysis, determinan of panel data estimation model, multiple linear regression with Eviews 9. The result of this study shows that institutional ownership and public ownership has a negative effect and significant to the dividend policy. Capitsal structure has a positive but not significant to the dividen policy.

Copyrights © 2019






Journal Info

Abbrev

maj

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Management Analysis Journal (MAJ) is an open-access electronic journal focusing on scientific work on the field of business. This journal applies the theory developed from business research and connects it to actual business situations. The articles within this journal are published quarterly ...