Image of Faktor-faktor yang mempengaruhi dividend payout ratio berdasarkan stakeholder theory : analisis empiris terhadap perusahaan-perusahaan LQ-45 periode 2004-2007

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Faktor-faktor yang mempengaruhi dividend payout ratio berdasarkan stakeholder theory : analisis empiris terhadap perusahaan-perusahaan LQ-45 periode 2004-2007

The purpose of this research is to investigate the determinants of dividend payout ratio of companies included in LQ-45 with the consideration of non-investor stakeholders? influences on companies? dividend policies. This research uses panel data method. The dividend payout ratio determinants used in this research are based on stakeholder theory. The determinants are focus of the firm, sales, number of common shareholders, free cash flow, and sales growth. Focus of the firm, number of common shareholders, and free cash flow significantly influence dividend payout ratio in terms of positive relationships. While sales and sales growth insignificantly influence dividend payout ratio and have negative relationships with dividend payout ratio. This research found that there is a significant influence of non-investor stakeholders on companies? dividend policies. This research also investigates the relevancy of the model in financial crisis period in 2008. The result shows that in financial crisis period, non-investor stakeholders no longer have influence on companies? dividend policies.Ada tabel

Ketersediaan

Call NumberLocationAvailable
6569PSB lt.2 - Karya Akhir1
Penerbit Depok Departemen Manajemen, Fakultas Ekonomi Universitas Indonesia.,
Edisi -
Subjek Financial management
Dividends
Stakeholder
ISBN/ISSN -
Klasifikasi -
Deskripsi Fisik xv, 89 p. : diagr. ; 30 cm.
Info Detail Spesifik -
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