ABSTRACT: This research tests
the impact of the conflict between shareholder and management regarding dividend
policy on accounting conservatism. This conflict is predicted under agency
problem on the agency theory that shows conflicts of interest between
management (agent) and shareholders (principal). This research also test the
difference in accounting conservatism between companies that are managed by
owner-manager.This research use regression analysis to test the impact of
conflict between shareholder and management regarding dividend policy on
accounting conservatism, and using leverage, operating uncertainty, investment
opportunity set, and size as control variables. This research used t-test to
investigate the difference between companies with owner-manager and non
owner-manager.The result of the analysis indicates that the conflict between
shareholder and management regarding dividend policy has a positive and
statistically significant on accounting conservatism. The result also indicates
that non ownermanager companies are more conservative than owner-manager
companies.
Keywords: dividend policy,
conservative, agency problem, and conflicts of interest
Penulis: A. A. G. P.
Widanaputra
Kode Jurnal: jpmanajemendd100042
Atau download gratis di bawah ini:
Artikel Terkait :