Does Corporate Governance Affect Dividends? Case Study In Indonesia Stock Exchange And Malaysia Stock Exchange

Hermawan, Budy Wijaya and Murhadi, Werner Ria and Ernawati, Endang (2022) Does Corporate Governance Affect Dividends? Case Study In Indonesia Stock Exchange And Malaysia Stock Exchange. Journal of Entrepreneurship & Business, 3 (1). pp. 14-24. ISSN 2721-706X

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Abstract

This study aims to analyze the effect of good corporate governance such as the number of commissioners, the number of commissioner meetings, the number of female commissioners, the independent commissioners on the dividend payout ratio in manufacturing companies listed on the Indonesia Stock Exchange and the Malaysia Stock Exchange. Malaysia was chosen because has a dividend payout rate close to Indonesia. This research uses a quantitative approach using multiple linear regression methods. The research used objects of 435 observations on the Indonesia Stock Exchange and 530 observations on the Malaysia Stock Exchange. The independent variables used are independent commissioners, board of commissioners meetings, size of commissioners, female commissioners. The results of the study using observations on the Indonesia Stock Exchange found that independent commissioners have a significant positive effect while the rest have an insignificant effect on the dividend payout ratio. Meanwhile, the results of the study using observations on the Bursa Malaysia found that the size of the commissioners and board of commissioners' meetings had a significant negative effect on the dividend payout ratio. Meanwhile, independent commissioners and female commissioners have a significant positive effect on the dividend payout ratio.

Item Type:	Article
Uncontrolled Keywords:	Female Directors, Dividend Payout Ratio, Board Independent, Board Size, Board Meetings
Subjects:	H Social Sciences > HG Finance
Divisions:	Faculty of Business and Economic > Department of Management
Depositing User:	Werner R. Murhadi 31124
Date Deposited:	13 Dec 2022 08:03
Last Modified:	13 Dec 2022 08:03
URI:	http://repository.ubaya.ac.id/id/eprint/42963

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