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

Abstract: 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.
Keywords: institutional ownership, collateralizable assets, debt to total assets  and firm size, dividend payout ratio
Penulis: Raudhatul Hidayah SE ME CA Ak
Kode Jurnal: jpakuntansidd130707

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