Faktor-Faktor Yang Mempengaruhi Rasio Pembayaran Dividen
No Thumbnail Available
Date
2015-03-11
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Abstract
The study is based on the relationship between dividend policy , agency problems and transaction costs is to examine the relationship of agency factors and the factors that affect the cost of the transaction to the dividend payout ratio . Agency factors in this study are in the possession (insider ownership) , institutional ownership (institutional ownership) , the spread ofshareholders (shareholder dispersion ) , while the factors that affect the cost of the transaction represented by the company's growth (growth) and enterpriserisk (beta).
By using the Spearman rank correlation in the data cross-sectional results show that insider ownership and growth of the company has a negative correlation (inverse) and significant dividend payout ratio . Meanwhile, institutional o-wnership , and the risk of spread of shareholders the cornpany does not have a relationship to the dividend payout ratio
Description
Keywords
agency problems, transaction costs, dividends, insider ownership, institutional o-wnership, the spread of shareholders, corporate growth and corporate risk