PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEBIJAKAN DEVIDEN DENGAN MANAGERIAL OWNERSHIP SEBAGAI VARIABEL MODERASI

AMARTANI , V. GANIS TYAS (2013) PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEBIJAKAN DEVIDEN DENGAN MANAGERIAL OWNERSHIP SEBAGAI VARIABEL MODERASI. Other thesis, Universitas Sebelas Maret Surakarta.

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    Abstract

    This study aimed to determine the effect of ownership structure on a firm to dividend policy are moderated by managerial stock ownership in companies listed on the Indonesia Stock Exchange. Population of this research is all the companies whose shares are owned by the managerial ranks and listed on the Indonesia Stock Exchange(BEI) by selecting the observation period 2009-2011. The sampling method using purposive sampling method The sample was a company owned by the managerial ranks, obtained by 27companies Research model used in this study with the multiple linear regression model with dividen as the dependent variable, EBIT and Leverage as an independent variable, Size as a control variable and Managerial Ownership as a moderating variable. The findings indicate that the EBIT significantly positive effect and not the dividend and leverag significantly and negatively related to the dividend. While managerial ownership weakens EBIT relationship with dividend policy, an weakens Leverage relationships with dividends. Managerial prefer internal financin with hold dividends for the company because they know the state of his company an choose to used ebit to distribute high dividends in order to look its high value in thes har dividend.

    Item Type: Thesis (Other)
    Subjects: H Social Sciences > H Social Sciences (General)
    H Social Sciences > HB Economic Theory
    Divisions: Fakultas Ekonomi
    Depositing User: Anis Fagustina
    Date Deposited: 10 May 2014 17:51
    Last Modified: 10 May 2014 17:51
    URI: https://eprints.uns.ac.id/id/eprint/15867

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