HUBUNGAN FAKTOR-FAKTOR KEAGENAN DAN FAKTOR-FAKTOR YANG MEMPENGARUHI BIAYA TRANSAKSI TERHADAP RASIO PEMBAYARAN DIVIDEN

Authors

  • Vince Ratnawati Fakultas Ekonomi Universitas Riau

DOI:

https://doi.org/10.37301/jkaa.v0i0.5364

Abstract

The objective of this study is to investigate the influence of agency factor and transaction cost to devidend payout ratio. The agency factors are insider ownership, institutional ownership, and shareholder dispersion. Whlie the transaction cost factors are firm growth and firms beta risk. The sample is 18 firms which is listing  in Indonesin Stock Exchange from 2003 to 2004. Data was analyzed with rank spearman correlation with cross sectional data. The result show that insider ownership and firm growth have negative correkation to dividend payout ratio. While institutional ownership and firm risk have no correlation to dividend payout ratio.

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Published

2008-10-01

Issue

Section

Vol 3, No 2. Oktober 2008