Detail Predictability power of dividend policy and leverage policy to managerial ownership in Indonesia: an agency theory perspective (Publish on Jurnal Ekonomi dan Bisnis Indonesia, Vol.18, No.3, 2003) Bibliografi Author: Mahadwartha, Putu Anom Topik: agency theory; managerial ownership; leverage; dividend Bahasa: (EN )     Penerbit: Economics Faculty, Gadjah Mada University     Tempat Terbit: Yogyakarta    Tahun Terbit: 2003     Jenis: Article - diterbitkan di jurnal ilmiah internasional Fulltext: 1156701634_managerial-MahaD-2003.pdf (58.76KB; 13 download) [Informasi yang berkaitan dengan koleksi ini di internet] Abstract The paper is expansion from Mahadwartha (2002b) that is use Logit model to test the predictability power of leverage policy and dividend policy to managerial ownership policy. Leverage and dividen variable used already divided the interest of inside shareholders and outside shareholders. The paper also use a modification on managerial ownership variable with lead one year after (t+1), an addition of control variable (current assets) to increase predictability model. The researh period is from 1993 until 2001. The research argue that leverage policy and dividend policy have higher effect on managerial ownership in t+1 than t. The result shows consistency regarding predictability power of leverage policy and dividend policy to managerial ownership. Also shows that the predictability power is higher than Mahadwartha (2002b). The relationship between leverage and dividend to managerial ownership is negative with higher magnitude than Mahadwartha (2002b). The results consistent with Agency Theory prediction, that there is substitution between policies in bonding and monitoring mechanism to control agency conflict. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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