Sari, Indah Larisa and Siahaan, Antonius TP. and Bustaman, Yosman (2018) The Effect of Ownership Concentration and Corporate Liquidity Toward Dividend Payment Policy In Banks And Financial Corporations. Masters thesis, Swiss German University.

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Abstract

The main purpose of this thesis research is to study and to analyses the effect of ownership concentration and corporate liquidity toward dividend payment policy in financial industry by using dividend pay-out ratio on measuring dividend payment. Dividend pay-out ratio is measured by ratio of dividend to net income. Meanwhile, the amount of stock owned by legal individual investors and large block-shareholders is measured based on the percentage levels of corporate ownership concentration. We divide ownership concentration into three categories. They are inside shareholder, stable shareholder, and market shareholder. The corporate liquidity is measured by corporate profit ( Retained-earning/Total assets and Retained-earning/Total equity), corporate leverage (total liabilities/total assets), and corporate size (Log normal total assets). We apply data panel regression and using robust least square method. Based on robust least square method of data panel regression, we find there is a significant effect between inside shareholder, market shareholder toward dividend payment policy. There is no significant effect between stable shareholder toward dividend payment policy. There is significant effect between corporate profit (retainedearning/total assets), corporate leverage, and corporate size toward dividend payment- policy. This results conclude that dividend payment will increase when inside shareholder decrease, market shareholder increase, corporate profit increase, corporate leverage and corporate size decrease.

Item Type:	Thesis (Masters)
Uncontrolled Keywords:	Dividend Payment Policy; Ownership Concentration; Corporate Liquidity
Subjects:	H Social Sciences > HG Finance > HG1501-3550 Banking H Social Sciences > HG Finance > HG178 Liquidity
Divisions:	Faculty of Business Administration and Communication > Department of Business Administration
Depositing User:	Astuti Kusumaningrum
Date Deposited:	05 Jun 2020 15:05
Last Modified:	05 Jun 2020 15:05
URI:	http://repository.sgu.ac.id/id/eprint/767

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