scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN, INSTITUSIONAL, KEBIJAKAN DIVIDEN, STRUKTUR ASET, PROFITABILITAS, PERTUMBUHAN PERUSAHAAN, RISIKO BISNIS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN UTANG PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 12 (1) ◽  
pp. 63
Author(s):  
Azalia Bonita ◽  
Hotman T Pohan
Keyword(s):  
Firm Size ◽  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Business Risk ◽  
Insider Ownership ◽  
Statistic Method ◽  
Debt Policy ◽  
Research Show

<p class="Style1"><em>The purpose of this research is to analyze the influence of insider ownership, </em><em>institutional ownership, dividend policy, asset structure, profitability, firm growth, </em><em>business risk and firm size to debt policy. Population in this research is non financial </em><em>companies listed in Indonesia Stock Exchange during the study period of years 2011- </em><em>2013. The samples of this research are 61 nonfinancial companies. The multiple </em><em>regression is statistic method which is used to test the research hypothesis. The results </em><em>of this research show that profitability and firm size have significantly influence the </em><em>debt policy. While insider ownership, institutional ownership, dividend policy, asset </em><em>structure, firm growth, and business risk have not influence the debt policy.</em></p>

scholarly journals FAKTOR – FAKTOR YANG MEMPENGARUHI KEBIJAKAN HUTANG PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2014 ◽  
Vol 1 (1) ◽  
pp. 29
Author(s):  
Apit Susanti ◽  
Sekar Mayangsari
Keyword(s):  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Selection ◽  
Institutional Ownership ◽  
Business Risk ◽  
Insider Ownership ◽  
Independent Variable ◽  
Debt Policy ◽  
Financial Insurance

The purpose of this research is to examine the effect of insider ownership, institutional ownership, dividend policy, asset structure, profitability, firm growth, and business risk to debt policy. This research is developed based on the previous research carried out by Murni and Andriana (2007). Data were taken from all companies are listed at Indonesian Stock Exchange for three years (2009-2011) except financial, insurance, and other financial industries. Sample selection were based on purposive sampling. Only 45 companies meet the criteria and taken as sample. For this study SPSS 11.5 program is used to find out the effect from all independent variable above to dependent variable. The statistical used in this research was multiple regression. The research showed that institutional ownership, asset structure, profitability, and firm growth had effect to debt policy but insider ownership, dividend policy, and business risk had no effect to debt policy.

scholarly journals ANALISIS PENGARUH PERTUMBUHAN PERUSAHAAN, KEBIJAKAN UTANG, COLLATERALIZABLE ASSETS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2012-2014

2016 ◽  
Vol 10 (1) ◽  
pp. 52-82
Author(s):  
Loh Wenny Setiawati ◽  
Lusiana Yesisca
Keyword(s):  
Regression Analysis ◽  
Firm Size ◽  
Stock Prices ◽  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Corporate Value ◽  
Debt Policy

Companies that issued shares to raise funds, must set aside some of the profits to be distributed as dividends. Dividend policy is a policy of how large distributions to the company's shareholders in proportion to the number of shares owned. Companies should establish a policy of dividend because the distribution of dividend will have an impact on corporate value as reflected in stock prices. This study uses multiple linear regression analysis which were processed using SPSS version 22. This study aimed to examine the effect on firm growth, debt policy, collateralizable assets, and firm size to dividend policy of the company. The sample used in this study were 105 companies listed in Indonesia Stock Exchange from the period 2012-2014. Empirically, it was found that the firm growth and firm size were affected to the dividend policy of the company, while the debt policy and collateralizable assets were not affected to the dividend policy of the company.

scholarly journals PENGARUH CORPORATE GOVERNANCE, UKURAN PERUSAHAAN, PROFITABILITAS DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

2021 ◽  
Vol 8 (1) ◽  
pp. 17-27
Author(s):  
Zulkifli Zulkifli ◽  
Latifah Latifah
Keyword(s):  
Corporate Governance ◽  
Firm Size ◽  
Firm Growth ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Research Data ◽  
Regression Method ◽  
Purposive Sampling

This research is aimed to analyze the influence of Corporate Governance, Firm Size, and Profitability, dan Firm Growth to Dividend Policy in the manufacture Corporations which are registered in Indonesian Stock Exchange in period of 2017 – 2019, both in partially or simultaneously. The variables which will be studied: corporate governance that is proxied with the number of board commissioners and institutional ownership, firm size, profitability and firm growth. The Populations in this research are the manufacture corporations which are registered in BEI in period of 2017-2019. The samplings in the research are 20 manufacture corporations that are achieved by the technique of purposive sampling. Analysis of research data used multiple linier regression method that was assisted by SPSS 23.0 software. This study used multiple linier regression method showed that partially profitability variable and the firm growth were influencing significantly to the dividend policy, meanwhile the number of board commissioners, institutional ownership, and firm size were not influencing to the dividend policy. The result of this research simultaneously showed that the number of board commissioners, institutional ownership, firm size, profitability, and firm growth were influencing positively and significantly to the dividend policy.

scholarly journals FAKTOR-FAKTOR YANG MEMPENGARUHI NILAI PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 20 (2) ◽  
pp. 117-126
Author(s):  
ANWAR HARSONO
Keyword(s):  
Firm Size ◽  
Firm Value ◽  
Dividend Policy ◽  
Capital Expenditure ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Return On Assets ◽  
Final Sample ◽  
Debt Policy

The objective of the research is to obtain empirical evidence on the effect of independent variables of firm size, cash, capital expenditure, dividend policy, debt policy, return on asset, managerial ownership, and institutional ownership to firm value.The population used in this study are non-financial companies listed on the Indonesia Stock Exchange from 2013-2016. Intake of data in this research using purposive sampling method. There are 54 non-financial companies that fit the criteria and were selected as the final sample. This study uses multiple regression analysis to test the hypothesis. The value of firms in this study was measured using Tobins'Q.The empirical results of this study indicate that the variables independent debt policy and return on assets have an influence on firm value, while the variables of firm size, cash, capital expenditure, dividend policy, managerial ownership, and institutional ownership have no effect on firm value.

scholarly journals Factors That Influence On The Price To Book Value Of The Company In Indonesia Stock Exchange

Riset ◽  
2020 ◽  
Vol 2 (2) ◽  
pp. 361-372
Author(s):  
Riki Sanjaya ◽  
Henviani Henviani
Keyword(s):  
Firm Size ◽  
Audit Committee ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Book Value ◽  
Regression Methods ◽  
Debt Policy ◽  
Research Period

The purpose of this research is to examine institutional ownership, profitability, liquidity, dividend policy, debt policy, firm size, audit committee, managerial ownership in affecting price to book value in non-financial companies listed in Indonesia Stock Exchange. This research used 54 listed non-financial companies in Indonesia Stock Exchange, and the data were selected using a purposive sampling method during the research period 201 6 until 2018. Data were analyzed using multiple regression methods. The research results show that profitability and debt policy had a significant influence on price to book value. In contrast, for institutional ownership, liquidity, dividend policy, firm size, audit committee, managerial ownership had no considerable influence on price to book value.     

scholarly journals Faktor-faktor yang mempengaruhi kebijakan hutang perusahaan non keuangan publik

2018 ◽  
Vol 19 (1) ◽  
pp. 103-116
Author(s):  
SORAYA SORAYA ◽  
MEIRYANANDA PERMANASARI
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Selection Procedure ◽  
Institutional Ownership ◽  
Business Risk ◽  
Investment Opportunity ◽  
Tax Shield ◽  
Investment Opportunity Set ◽  
Debt Tax Shield ◽  
Debt Policy

The purpose of this research is to get an empirical evidence about influence of non-debt tax shield, tangibility, profitability, growth, size, manajerial ownership, institutional ownership, dividend policy, business risk, and investment opportunity set on debt policy. The population of this research are allnon financial companies listed in Indonesia Stock Exchange (IDX) from the period of 2010 to 2013. Sample selection procedure carried out by implementing purposive sampling method with total sample 33 non financial companies. Data are analyzed using multiple regression analysis. The result indicates that non-debt tax shield, tangibility, profitability, growth, size, institutional ownership, and dividend policy have influence toward debt policy. Other independent variables such as manajerial ownership, business risk, and investment opportunity set do not have influence toward debt policy.  

scholarly journals The Parabolic Effect of Managerial Ownership and the Impact Toward Firm’s Performance

2020 ◽  
Vol 25 (2) ◽  
pp. 233
Author(s):  
William Susanto, Kartika Nuringsih
Keyword(s):  
Firm Size ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Least Square ◽  
Family Ownership ◽  
Managerial Ownership ◽  
Business Risk ◽  
Asset Growth ◽  
The Impact

The purpose of the study is to analyze the impact determinants and the parabolic effect of managerial ownership on a firm’s performance. The model consists of managerial ownership, institutional ownership, family ownership, leverage, asset growth, dividend policy, business risk, and firm size. Purposive sampling is used on non-financial companies in the Indonesian Stock Exchange with a total observation of 539 firm-years. The panel least square is used to analyze the determinants of performance while Panel EGLS is used to analyze the parabolic effect. The study finds that managerial ownership, institutional ownership, dividend policy, and firm size have a positive and significant impact on the firm’s performance. Contrarily, some variables e.g., family ownership, leverage, and asset growth have a negative significant impact on performance. Business risk is not able to prove a significant relationship with performance. Further, the study shows a parabolic effect of managerial ownership, therefore, it proves a model for reducing agency conflict on corporate financial decisions.

scholarly journals KEPEMILIKAN SAHAM, KEBIJAKAN DIVIDEN, KARAKTERISTIK PERUSAHAAN, RISIKO SISTIMATIK, SET PELUANG INVESTASI DAN KEBIJAKAN HUTANG

2018 ◽  
Vol 13 (3) ◽  
pp. 195-210
Author(s):  
Yulius Kurnia Susanto
Keyword(s):  
Firm Size ◽  
Firm Growth ◽  
Stock Exchange ◽  
Sample Selection ◽  
Systematic Risk ◽  
Institutional Ownership ◽  
Investment Opportunity ◽  
Investment Opportunity Set ◽  
Retained Earnings ◽  
Debt Policy

The purpose of the research was to obtain empirical evidence that managerial and institutional ownership, divide nd policy, firm growth, profitability, firm size, systematic risk, investment opportunity set and asset structure affect debt policy. The population in this research are all companies that listed in Indonesia Stock Exchange with the observation period 2005 to 2008. The sample selection was done by using purposive sampling method. Data used in this research was obtained from financial statement and Fact Book, performance summary of listed companies and BAPEPAM - LK . Data analysis used a multiple regression analysis. The results of this research are managerial ownership, cash dividend policy, profitability, firm size, investment opportunity set and asset structure affect debt policy. While the institutional ownership, firm growth and systematic risk not affect debt policy. Manager who owns shares in his company tends to use funds from retained earnings and share capital. They will distribute cash dividends to attract in - vestors to buy shares. Source of funds from obligation providing a risk to the company.  

scholarly journals Determinant of Debt Policy: Empirical Evidence from Indonesia

2017 ◽  
Vol 2 (1) ◽  
pp. 01-08
Author(s):  
Hansen Viriya ◽  
Rosita Suryaningsih
Keyword(s):  
Firm Growth ◽  
Dividend Policy ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Business Risk ◽  
Multiple Regression Method ◽  
Negative Effect ◽  
Debt Policy ◽  
Positive Effect

Objective - The objective of this study is to observe the effects of managerial ownership, institutional ownership, dividend policy, firm growth, business risk, liquidity, and profitability on debt policy. Methodology/Technique - Using the purposive sampling method, secondary data were retrieved from 16 firms that fulfil the criteria of this study. Analysis was made through the multiple regression method. Findings - The results of this research indicate that: (1) managerial ownership has a significantly negative effect on debt policy, (2) institutional ownership has no positive effect on debt policy, (3) dividend policy has no negative effect on debt policy, (4) firm growth has no positive effect on debt policy, (5) business risk has a significantly positive effect on debt policy, (6) liquidity policy has a significantly negative effect on debt policy, (7) profitability has no negative effect on debt policy, (8) managerial ownership, institutional ownership, dividend policy, firm growth, business risk, liquidity, and profitability, simultaneously, have a significant effect on debt policy. Novelty - This study implies that all the independent variables are related to debt policy, simultaneously. This shows that the regression model has an appropriatefit in estimating the accrual value of the model. Type of Paper: Empirical Keywords: Business Risk, Debt Policy, Dividend Policy, Liquidity and Profitability, Managerial and Institutional Ownership.

ANALISIS PENGARUH AGENCY COST TERHADAP DIVIDEND PAYOUT RATIO (Pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2010-2011)

2013 ◽  
Author(s):  
Raudhatul Hidayah
Keyword(s):  
Firm Size ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Agency Cost ◽  
Regression Method ◽  
Linear Regression Method ◽  
Dividend Payout ◽  
Multiple Linear Regression Method

The main purpose of the research was to know partially the influence of institutional ownership, collateralizable assets, debt to total assets and firm size on dividend payout ratio in firms that listed at Indonesia Stock Exchange of 2010–2011 period. The other purpose is to know simultaneously the influence of institutional ownership, collateralizable assets, debt to total assets and firm size on dividend payout ratio in firms that listed at Indonesia Stock Exchange of 2010–2011 period. The population of this research was all the firms that listed at Indonesia Stock Exchange of 2010-2011 period namely, 136 in number. The sample, 27 firms, was taken by the use of purposive sampling method. The technique of data collection used was documentation.  The data analysis made use of multiple linear regression method. The results showed that partially institutional ownership had a positive and significant effect to dividend policy. Collateralizable assets, debt to total assets and firm size partially was not significant to dividend policy. Simultaneously institutional ownership, collateralizable assets, debt to total assets and firm size had a positive and significant effect to dividend payout ratio.

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