Ownership Structure, Corporate Governance and Dividend Policy: Evidence
                        from Indonesia

Mardani, Roni Malavia; Moeljadi,; Sumiati, Sumiati; Indrawati, Nur Khusniyah

doi:10.18502/kss.v3i10.3466

Cited by 7 publications

(10 citation statements)

References 11 publications

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“…On the other hand, institutional investors may prefer to get their income dividends to be invested properly according to their investment policies. This result is consistent with (Benjamin et al, 2016;Ibrahim & Shuaibu, 2016;Le & Le, 2017;Mehdi et al, 2017;Thanatawee, 2013;Ullah et al, 2012) and in contrast (Berezinets et al, 2017;Kouki & Guizani, 2009;Mardani & Indrawati, 2018;Reyna, 2017) who found that a higher institutional ownership leads to lower dividend payments.…”

Section: Discussionsupporting

confidence: 87%

The impact of ownership structure on dividend policy of listed firms in Jordan

Bataineh

2020

Cogent Business & Management

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Section: Discussionsupporting

confidence: 87%

The impact of ownership structure on dividend policy of listed firms in Jordan

Bataineh

2020

Cogent Business & Management

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“…Dapat disimpulkan bahwa kepemilikan manajerial berpengaruh positif dan signifikan terhadap kebijakan dividen. Pernyataan tersebut sejalan dengan penelitian yang dilakukan oleh Moin et al (2019), Jayanti & Puspitasari (2017), Mardani et al (2018), Sumartha (2016, Pebrianti (2018), Balamuralikrishnan & Gnanasekar (2019), Badejo & Hamza (2019).…”

Section: Tabel 4 Uji Koefisien Determinasiunclassified

Pengaruh Free Cash Flow, Ownership Structure, Growth Opportunity Terhadap Kebijakan Dividen

Widiantari

Candradewi

2021

EJMUNUD

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This study aims to explain the effect of free cash flow, ownership structure which is divided into managerial ownership and institutional ownership, and growth opportunity on dividend policy in property and real estate companies in Indonesia. This research is located in property and real estate companies listed on the Indonesia Stock Exchange. Sampling in this study using census techniques using the entire population of property and real estate companies that distribute dividends, so as to get a sample of 18. The analysis technique used in this study uses multiple linear regression analysis. From the analysis conducted, the results of the study indicate that free cash flow has a significant positive effect on dividend policy. Managerial ownership, which is proxied by the percentage of manager's share ownership, has a significant positive effect on dividend policy. Institutional ownership which is proxied by the percentage of institutional share ownership has a significant positive effect on dividend policy and growth opportunity which is proxied by asset growth has a significant positive effect on dividend policy. Keywords: free cash flow, ownership structure, growth opportunity, dividend policy

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“…Bank size assessed using the log of overall assets can also be employed as proxy for the prices of external debt financing. A rather direct and positive connection is actually anticipated between size as well as dividend payout since bigger companies face lower issuing costs (Malavia Mardani & Khusniyah Indrawati, 2018). The variability in capital design and structure suggests that bank's potential to have better access to capital markets, since banks will have the ability to swap between equity and debt and then take advantage of lower transaction costs.…”

Section: Literature Reviewmentioning

confidence: 99%

“…(Guyot, et al, 2014) Dividend payout ratio is positively related to the fraction of ownership of external shareholders in the bank, since external shareholders demand more dividends. If the external shareholders proportion of ownership is actually much less than internal ownership, then agency expense is actually reduced and the bank pays lower dividends (Malavia Mardani & Khusniyah Indrawati, 2018). Stability of cash flows in the bank may be related to dividend payout.…”

Section: Literature Reviewmentioning

confidence: 99%

Elements Influencing Dividends of Banks in the MENA Region

2019

RJFA

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Dividend Policy is crucial for every banking organization, since it aids in finding the market worth of the organization's capital, and it helps shareholders arrange their investment plans. By exploiting a sample data collected from 40 different banks across 8 different countries in the MENA region; covering a period of 7 years from 2011 till 2017; the study identifies, via regression analysis, the impact of financial leverage, investment expenditure, total assets, liquidity, capital adequacy, return on assets, and GDP on dividends. Dividend payout ratio and Ln dividends been used as dependent variables. The results show an insignificant model using dividend payout ratio as a dependent variable, since it has a high prob. F stat. of 74.64%. While it shows a significant model using ln dividend as a dependent variable with a prob. F stat. of 0.000, R-Squared value of 96.97%. The size of the bank shows a significant positive effect on dividends paid, while other variables found to have insignificant impact.

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Ownership Structure, Corporate Governance and Dividend Policy: Evidence from Indonesia

Abstract: .

Cited by 7 publications

References 11 publications

The impact of ownership structure on dividend policy of listed firms in Jordan

The impact of ownership structure on dividend policy of listed firms in Jordan

Pengaruh Free Cash Flow, Ownership Structure, Growth Opportunity Terhadap Kebijakan Dividen

Elements Influencing Dividends of Banks in the MENA Region

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