PERAN KEPEMILIKAN TERHADAP KEBIJAKAN DIVIDEN
Abstract: This study explores
the role of ownership and the relationship to the separation and control issue.
Investigate the nature of agency cost generated by the existence of the
ownership. The principal purpose of this study was to investigate the
association between the ownership anddividend policy. This empirical study
using regression model for the hypothesis testing. Thesample consists of 34
firms by 4 subsectors in period of 2010-2011, which is listed in Indonesia Stock
Exchange.
The findings show that, partially, institutional ownership significantly
influences dividend policy but the other side, public and managerial ownership
not significantly influences todividend policy. Simultaneously, institutional,
public and managerial ownership influences dividend policy. The level and role
of agency cost depends not only on ownership.
Penulis: Novi S. Budiarso
Kode Jurnal: jpakuntansidd141182
