HUBUNGAN FAKTOR-FAKTOR KEAGENAN DAN FAKTOR-FAKTOR YANG MEMPENGARUHI BIAYA TRANSAKSI TERHADAP RASIO PEMBAYARAN DIVIDEN
Abstract: The objective of
this study is to investigate the influence of agency factor and transaction
cost to devidend payout ratio. The agency factors are insider ownership,
institutional ownership, and shareholder dispersion. Whlie the transaction cost
factors are firm growth and firms beta risk. The sample is 18 firms which is
listing in Indonesin Stock Exchange from
2003 to 2004. Data was analyzed with rank spearman correlation with cross
sectional data. The result show that insider ownership and firm growth have
negative correkation to dividend payout ratio. While institutional ownership and
firm risk have no correlation to dividend payout ratio.
Keywords: Agency Problem,
Transaction Cost, Devidend,Insider Ownership, Institutional Ownership,Shareholder Dispersion,Firm Growth,
and Beta Risk
Penulis: Vince Ratnawati
Kode Jurnal: jpakuntansidd080104
