PENGARUH BIAYA AGENSI, STRUKTUR KEPEMILIKAN, DIPERSION OF OWNERSHIP, DAN STRUKTUR MODAL TERHADAP KEBIJAKAN DEVIDEN PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2007-2011
DOI:
https://doi.org/10.55606/cemerlang.v2i3.255Keywords:
Agency Fee, Ownership structure, Capital Structure.Abstract
The capital market is an investment vehicle for those who have excess funds. People invest in the capital market with the aim of earning income or return on investment. Investment can be defined as an activity of placing funds in one or more assets during a certain period in the hope of obtaining income and or increasing the value of the investment. The main purpose of the company to invest is the rate of return. The main purpose of investors investing their funds in securities is, among others, to get the maximum rate of return through policies, for example, dividends at a certain risk will get certain results with minimal risk. From the results of the research, it is found that there is a negative influence of Ownership Structure, a positive influence of Dispersion of Ownership, and a negative influence of Capital Structure on the Dividend Policy of Manufacturing Companies Listed on the Indonesia Stock Exchange in 2007-2011.
References
Arifin, Zaenal, 2005, Teori Keuangan & Pasar Modal, Ekonisia, UII, Yogyakarta.
Alsaeed, Khaled, 2006, The Association Between Firm-Specifis Characteristics and Disclosure, Managerial Auditing Journal, Vol. 21, No. 5, pp. 476-496, www.emeraldinsight.com.
Brigham, Eugene, dan Gapenski, Luis C, 1999, Intermediate Financing Management, Fitfth Edition, The Dryden Press Harcourt Brace Collage Publisher.
Dhailami, A. F, 2006, Pengaruh Insider Ownership dan Risiko Pasar Terhadap Kebijakan Dividen pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek
Jakarta Periode 2000-2003, Skripsi (tidak dipublikasikan), Univesitas Islam Indonesia Yogyakarta.
Dhaliwal, D., Li, O.Z., and Trezevant, R., 2003, Test of the Influence of a Firm’s Post-IPO Age on Decisions to Initiate a Cash Divident, Journal of Economic and Lhiterature 20, Summer, 55-87.
Djumahir, 2009, Pengaruh Biaya Agensi, Tahap Daur Hidup Perusahaan, dan Regulasi terhadap Kebijakan Dividen pada Perusahaan Manufaktur di Bursa Efek Indonesia, Fakultas Ekonomi, Universitas Brawijaya Malang.
Gozali, Imam, 2001, Aplikasi Analisis Multivariat dengan Program SPSS, Badan Penerbit Universitas Diponegoro, Semarang.
Gujarati, Damodar, 1999, Basic Econometric. Mc. Graw Hill Inc, Third Edition,
Singapura.
Husnan, Suad, 2001, Pembelanjaan Perusahaan (Dasar–Dasar Manajemen Keuangan), Yogyakarta : Liberty.
Insukindro, 2001. Modul Pelatihan Ekonometrika Dasar, PAU, UGM, Yogyakarta.
Isnanta, Rudi, 2008, Pengaruh Corporate Governance Dan Struktur Kepemilikan terhadap Manajemen Laba dan Kinerja Keuangan, Skripsi, UII, Yogyakarta
