GDL

Jurnal Keuangan dan Perbankan, Volume 12, Nomor 2, Mei 2008
Journal from JIPTUNMERPP / 2010-06-13 21:26:12
Oleh : Triani Pujiastuti, Diploma 3 of Finance and Banking Merdeka University Malang (jurkeubank@yahoo.com)
Dibuat : 2008-05-01, dengan file

Keyword : Agency cost, insider ownership, shareholder dispersion, collateral assets, debt, free cash flow

This analysis developed to reach empirical evidence of the effect of agency cost factors toward evidence policy. In another hand this analysis wished to prove whether the agency prolem able to be descreased trough dividend payment mechanism whitin manufactures and services company in BEl, Indonesia, in 2000-2005. Agency cost variable has being represented by insider Ownership, Shareholder dispersion, Collateral Assets, debt and Free Cash Flow.The model which ran in this analysis was multiple Linier regression. The result of analysis showed that agency problem able to be descrased troug dividend payment mechanism, from insider Ownership which gives negative effect, Shareholders Dispersion which gives positive effect, and Debt which gives negative effect toward dividend policy, whilecollateral assets and free cash flow not significant affectin to dividend policy whitin agency conflict. Agency cost variablesignificant affected the dividend policy whitin agency confict simultaneously, whit the sum of the effect was 18%

Deskripsi Alternatif :

This analysis developed to reach empirical evidence of the effect of agency cost factors toward evidence policy. In another hand this analysis wished to prove whether the agency prolem able to be descreased trough dividend payment mechanism whitin manufactures and services company in BEl, Indonesia, in 2000-2005. Agency cost variable has being represented by insider Ownership, Shareholder dispersion, Collateral Assets, debt and Free Cash Flow.The model which ran in this analysis was multiple Linier regression. The result of analysis showed that agency problem able to be descrased troug dividend payment mechanism, from insider Ownership which gives negative effect, Shareholders Dispersion which gives positive effect, and Debt which gives negative effect toward dividend policy, whilecollateral assets and free cash flow not significant affectin to dividend policy whitin agency conflict. Agency cost variablesignificant affected the dividend policy whitin agency confict simultaneously, whit the sum of the effect was 18%

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