Ayu Sheilla Rachmawati Ayu Sheilla
Universitas Airlangga

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PENGARUH FAMILY-CEO dan DIRECT OWNERSHIP TERHADAP KEBIJAKAN DIVIDEN FAMILY-FIRM : (Studi Kasus Perusahaan Sektor Consumer Goods Yang Terdaftar di BEI 2016 – 2020) Ayu Sheilla Rachmawati Ayu Sheilla
JWM (JURNAL WAWASAN MANAJEMEN) Vol. 10 No. 1 (2022)
Publisher : Universitas Lambung Mangkurat

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (660.532 KB) | DOI: 10.20527/jwm.v10i1.190

Abstract

We investigate the effect of family-CEO on firm’s dividend policy at Indonesia firm of Consumer Goods sector in 2016-2020. In this study, researchers focused on dividend policy by applying the family firm literature and agency problem theory to obtain or detect differences. This research use multiple regression analysis with Eviews software. We show that family-CEO firms pay same amount of dividends with nonfamily-CEO firms do. Empirically, this study proves that family CEO companies do not have a significant relationship with dividend policy, with the hypothesis being examined that family CEO companies pay less dividends than non-family CEO companies and the direction of influence of the company Family CEO on dividend policy is negative. In addition, that direct ownership has a significant positive effect on dividend policy. This shows that the company with direct ownership, the higher the company distributes dividends to shareholders. Investors can use this research to get more information about family firm before investing on it. Keywords: family-CEO, dividend policy, family firm