Nabila, Natasya Elva and Murhadi, Werner Ria and Wijaya, Liliana Inggrit (2025) Ownership Structure and Dividend Policy in Indonesia. In: Proceedings of the International Symposium on Management (INSYMA) (Vol 22, 2025), 12 - 15 May, 2025, University of Banking, Ho Chi Minh City, Vietnam.
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Abstract
The purpose of this study is to examine how ownership structure affects dividend policy. Using 278 non-financial firms that have been listed on the Indonesia Stock Exchange for the past five years, this quantitative study examines the impact of ownership structure on dividend policy using multiple linear regression tests. The Signaling Theory and the Agency Theory are related theories. According to the findings, the dividend policy had a significant positive relationship with debt and profitability, a negative but negligible relationship with managerial ownership and company growth, and a negligible positive relationship with institutional ownership firm size. On the other hand, dividend policy and firm age were significantly correlated negatively.
| Item Type: | Conference or Workshop Item (Paper) |
|---|---|
| Uncontrolled Keywords: | Dividend Policy, Signalling Theory, Agency Theory, Ownership Structure |
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Faculty of Business and Economic > Department of Management |
| Depositing User: | Werner R. Murhadi 31124 |
| Date Deposited: | 24 Jun 2025 03:16 |
| Last Modified: | 24 Jun 2025 03:16 |
| URI: | http://repository.ubaya.ac.id/id/eprint/48720 |
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