Tanujaya, Evelyn Putri and Bustaman, Yosman (2018) The Impact Of Growth Opportunity And Ownership Structures On Dividend Policy For Manufacturing Firms Listed In The Indonesia Stock Exchange. Bachelor thesis, Swiss German University.

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Abstract

This study aims to examine and analyze the impact of growth opportunity and ownership structures on dividend policy. This study uses price to book value of equity (PBV) as the proxy of growth opportunity and foreign ownership, institutional ownership, and insider ownership as the proxies of ownership structures. This research using 114 manufacturing firms listed in the IDX as the sample data for the period of 2009 to 2016. The analysis method is using panel data regression method to identify and examine the impact of growth opportunity and ownership structures on dividend policy with firms’ specific variables as the controlling variables namely; firms’ size, financial leverage, and macro-economic condition. Empirical analysis result finds that growth opportunity does not have any significant impact on dividend policy of the firms. Other results also show that foreign ownership does not impact dividend policy changes. Meanwhile, institutional ownership and insider ownership have a negative significant impact on dividend policy. Further, firms’ size and leverage have negative impact on dividend policy, while, macro-economic variable does not impact dividend policy.

Item Type:	Thesis (Bachelor)
Uncontrolled Keywords:	Dividend Policy; Growth Opportunity; Ownership Structures; Foreign Ownership; Institutional Ownership
Subjects:	H Social Sciences > HG Finance > HG4028 Dividends H Social Sciences > HG Finance > HG4551 Stock exchanges
Divisions:	Faculty of Business Administration and Communication > Department of Business Administration
Depositing User:	Astuti Kusumaningrum
Date Deposited:	19 May 2020 02:55
Last Modified:	19 May 2020 02:55
URI:	http://repository.sgu.ac.id/id/eprint/548

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