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Pengaruh efektivitas dewan komisaris terhadap kebijakan dividen pada perusahaan keluarga
This research aims to analyze how family-ownership affects dividend policy. Family ownership is divided into three categories, passive (below 20%), significant influence (between 20% - 50%), and controlling (over 50%). This research also examines whether the family-ownership impact will be diminished if the entity owns an effective board of commissioner. Board of commissioner?s effectiveness is assessed by a scoring method developed by Hermawan (2009), according to its independency, activity, size, and competence, while dividend policy is measured by dividend payout ratio. Multiple regression method is being used to test this research?s hypothesis with 291 non-financial entities listed in Indonesia Stock Exchange for the period of 2010-2011 as observations. Empirical test demonstrates that firms with family ownership greater than 50% appear to have lower level of dividend payout ratio whilst significant influence and passive family ownership do not affect dividend policy. Furthermore, board of commissioner?s effectiveness does not seem to have impact over dividend policy in family-owned entities.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 8354 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Program Studi Akuntansi, Fakultas Ekonomi Universitas Indonesia 2013 |
|---|---|
| Edisi | - |
| Subjek | Dividend policy Family firms Board of commissioner Family ownership |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xv, 106 p. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |