Ownership Structure on Dividend Policy in The Indonesian Stock Exchange

Vincent, Vincent and Wijaya, Liliana Inggrit and Murhadi, Werner Ria (2023) Ownership Structure on Dividend Policy in The Indonesian Stock Exchange. Journal of Entrepreneurship & Business (JEB), 4 (2). pp. 93-102. ISSN 2721-706X

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Abstract

Purpose: This research analyses how ownership structure affects dividend policy. Method: Quantitative with a pool least square (PLS) regression model was used as a research method, and the research sample was drawn from all non-financial sector companies registered in IDX from 2017 to 2021. Independent variables such as family ownership, institutional ownership, and concentration ownership. This research also has a control variable such as return on assets, debt to equity ratio, firm size, firm age, free cash flow, and volatility (business risk). Result: This research found that family ownership, institutional ownership, concentration ownership, return on assets, firm size, age of firm, free cash flow, and volatility (business risk) all have a significant effect on dividend yield, but the debt to equity ratio has no effect.

Item Type:	Article
Uncontrolled Keywords:	Family Ownership, Institutional Ownership, Concentration Ownership, Dividend Policy
Subjects:	H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Ester Sri W. 196039
Date Deposited:	23 Jun 2023 02:07
Last Modified:	23 Jun 2023 02:15
URI:	http://repository.ubaya.ac.id/id/eprint/44329

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