Detail Institutional ownersip, debt holders power and dividend policy evidence from Indonesia (presented at International Istanbul Finance Congress, Istanbul, 30-31 Mei 2013) Bibliografi Author: Dharmastuti, Christiana Fara Topik: dividend policy; institutional ownership; debt holder; JABFUNG-CHF-2017-09 Bahasa: (EN )     Penerbit: Kadir Has University     Tempat Terbit: Istanbul    Tahun Terbit: 2013     Jenis: Papers/Makalah - pada seminar internasional Fulltext: IFC 2013 - Ch Fara - text.pdf (3.68MB; 6 download) Abstract The decision on dividend payment is still a paradox because it can be viewed from a variety of approaches. Bhattacharya (2007) mentions the influence factors in the dividend policy as well as in the interactions have not been fully understood. This study aims to examine the roles of external corporate governance in particular of institutional ownership and debtholders towards dividend policy based on the agency. The objects of this study are corporations listed at the Indonesian Stock Exchange between 2007-2010. Based on the pooled data and the use of purpose sampling, a sample of 128 analysis units. Path model estimates are used and the hypothetical test uses the AMOS 16.0 program. The findings of the study show that the major of institutional ownership and concentration of debt holder have a significant effect on dividend policy. While the consistency of ownership and leverage are not significant.This indicates that the ownership df a large amount and debt holder's concentration will lead to the power in deciding the dividend policy and could become monitoring tools and influence the corporate dividend policy through the debt covenants it owns. And the opposite coefficient suggests that agency conflicts occured between shareholders and debt holder. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Lihat Sejarah Pengadaan  Konversi Metadata   Kembali

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