CD Skripsi
Pengaruh Struktur Kepemilikan Dan Komisaris Independen Terhadap Biaya Keagenan Dan Kebijakan Dividen Sebagai Variabel Intervening (Studi Pada Perusahaan Non Keuangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2012-2016)
This study is motivated by many inconsistencies of previous research and the lack of related research conducted on the non financial firms. This study aims to analyze the influence of managerial ownership, institutional ownership, and independent commissioner on the agency cost (ATO) with dividend policy (DPR) as an intervening variable.
Path analyze was used to analyze data. Using 33 sample of non financial firms listed in Indonesia Stock Exchange from 2012-2016, the resault showed that managerial ownership and institutional ownership had a positive and significant impact toward agency cost (ATO), however independent commissioner had a negative and not significant impact toward agency cost (ATO). Managerial ownership and institutional ownership had a negative and not significant impact toward dividend policy (DPR), however independent commissioner had a positive and not significant impact toward dividend policy (DPR). Furthermore this study found that dividend policy (DPR) did not intervene the influence of managerial ownership, institutional ownership, and independent commissioner toward agency cost (ATO).
Key Words : agency cost, dividend policy, managerial ownership, institutional ownership, and independent commissioner, total asset trunover (ATO), dividend policy (DPR).
Tidak tersedia versi lain