PENGARUH KETERLIBATAN KELUARGA TERHADAP KEBIJAKAN DIVIDEN

Abstrak

This paper aims to determine the effect of family involvement on dividend policy. Family involvement is measured by family ownership. The others independent variables are gender and board age. The sample of this study is 169 companies listed on the Indonesian Stock Exchange. The results show that family involvement, gender and board age have insignificant impact on dividend policy. For the control variables, firm age has a positive and significant impact on dividend policy. Firm size has a negative effect on dividend policy.
Keywords: Family involvement, Board Directors, Dividend Policy.