PENGARUH STRUKTUR KEPEMILIKAN, LEVERAGE, RETURN ON ASSETS, DAN SIZE TERHADAP KEBIJAKAN DIVIDEN DENGAN GROWTH SEBAGAI VARIABEL MODERASI
Abstract
This research aims to analyze the effect of ownership structure, leverage, return on assets (ROA), and size to dividend policy with growth as moderating. Sample taken using purposive sampling method, with a sample of 11 of the 136 companies listed on the Indonesia Stock Exchange in 2011-2013 period. Methods of data analysis using multiple regression analysis and MRA with interaction test approach. The results of research shows that the managerial ownership structure and public ownership structure had a positive effect and not significantly influence the Dividend Payout Ratio. Institutional ownership structure , leverage , and size had a negative effects and not significantly influence the Dividend Payout Ratio. ROA had a negative effects and significantly influence the Dividend Payout Ratio. While growth is not capable to moderating influence of ROA and size to the Dividend Payout Ratio. Keywords: Ownership Structure, Leverage, ROA, Size, Growth, DPRDownloads
Published
2016-01-13
Issue
Section
Artikel
License
Authors who publish this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors can separately make additional contractual arrangements for non-exclusive distribution published by the journal (e.g., publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are allowed and encouraged to send their work via online (e.g., in the institutional repositories or their website) after published by the journal.