PENGARUH INDEPENDENSI DEWAN KOMISARIS, REPUTASI AUDITOR, RASIO HUTANG, DAN COLLATERALIZABLE ASSETS TERHADAP KEBIJAKAN DIVIDEN (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Periode 2009-2011)
Abstract: The objective of
this research is to examine the influences of corporate governance and firm
characteristics on dividend policy. In particular, based on agency theory ,variables which allegedly have
influence on dividend policy are board independence, auditor reputation, debt
ratio, and collateralizable assets. The population of this research is all of
the manufacturing entities listed in Indonesian Stock Exchange during the
period of 2009-2011. The sampling method used is purposive sampling. The data
is acquired from Indonesian Capital Market Directory (ICMD). Linear regression
method is conducted to analyze the data. The empirical results indicate that,
partially, board independence and debt ratio have no influence towards dividend
policy. Auditor reputation has significantly
positive influence towards dividend
policy. Collateralizable assets show significantly negative influence towards dividend policy.
Keywords: Corporate
governance, agency theory, board independence, auditor reputation, debt ratio,
collateralizable assets, dividend policy
Penulis: Yudi Setiawan, Etna
Nur Afri Yuyetta
Kode Jurnal: jpakuntansidd141160
