Analisis Faktor-Faktor yang Mempengaruhi Kebijakan Dividen: Pendekatan Teori Stakeholder

Hikmah, Khoirul (2010) Analisis Faktor-Faktor yang Mempengaruhi Kebijakan Dividen: Pendekatan Teori Stakeholder. KarismA: Kajian dan Riset Manajemen, 4 (2). pp. 91-105. ISSN 1978-404X

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Some debates have been considerable around how dividend policy affects shareholder wealth. There are contradictive theories: some researchers believe that dividends increase shareholder wealth while others argue that dividends are irrelevant, and the others believe that dividends decrease shareholder wealth. This study examines relationship the dividend policy decisions and investments decisions of a firm. Data in this study are manufacture firms listed on Indonesia Stock Exchange in 2005 — 2008. Linear regression analysis used to analysis this data. Result of regression analysis finds that independent variable (LTA, INS, GROW, LCSHR, AND FCF) influent together dependent variable (DPR). In Partial, variable LTA, INS and GROW have significant negative effect to DPR, LCSHR have significant positive effect to DPR and FCF has no significant effect to DPR and LCHSR dominant influent to DPR.

Item Type: Article
Uncontrolled Keywords: dividend pay out ratio, stakeholder theory, size firm, insider ownership, institutional ownership, and free cash flow.
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Law, Arts and Social Sciences > School of Management
Depositing User: Dr. SE MSi KHOIRUL HIKMAH
Date Deposited: 28 Apr 2023 02:25
Last Modified: 28 Apr 2023 02:25

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