Retno Kusumastuti
Faculty of Administrative Sciences, University of Indonesia

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

An Analysis of Agency Costs and Dividend Payout Ratio of Non-financial Companies Amy Natalia; Retno Kusumastuti
MIMBAR (Jurnal Sosial dan Pembangunan) Volume 33, No. 2, Year 2017 [Accredited by Ristekdikti]
Publisher : Universitas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (504.329 KB) | DOI: 10.29313/mimbar.v33i2.2267

Abstract

This study aim to analyze the effect of Insider Ownership, Institutional Ownership, Dispersion of Ownership, Debt to Total Assets, Collateralizable Assets and Free Cash Flow on the Dividend Payout Ratio. These independent variables are proxies of agency costs. This study uses panel data of 90 non-financial companies in the period of 2009-2011. The findings indicate that (1) All independent variables (Insider Ownership, Institutional Ownership, Dispersion of Ownership, Debt to Total Assets, Collateralizable Assets and Free Cash Flow) have significant effect on the dependent variable (Dividend Payout Ratio) simultaneously; (2) Institutional Ownership and Collateralizable Assets have a significant positive effect on Dividend Payout Ratio; (3) Insider Ownership, Debt to Total Assets, and Dispersion of Ownership have a significant negative effect on Dividend Payout Ratio; (4) Free Cash Flow has no significant positive effect on Dividend Payout Ratio. 
Insurance Literacy in Microinsurance Ownership among Instagram Users in Indonesia Maria Matahari; Retno Kusumastuti
MIMBAR (Jurnal Sosial dan Pembangunan) Volume 38, No. 1, (June, 2022) [Accredited Sinta 2] No 10/E/KPT/2019]
Publisher : Universitas Islam Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (477.99 KB) | DOI: 10.29313/mimbar.v0i0.8435

Abstract

To encourage insurance purchases in Indonesia that has declined due to the COVID-19 pandemic, insurance companies start to popularize low cost microinsurance products. This study aims to analyze insurance literacy in microinsurance ownership among 106 Instagram users in Indonesia who have met the specified criteria. Insurance literacy is measured by several predetermined indicators. The data collected are analyzed using descriptive statistics analysis. The findings show that respondents with higher values of insurance literacy have a higher tendency to own microinsurance products than respondents with lower values of insurance literacy. The tendency to own microinsurance products is also determined by the demographic conditions of respondents, such as gender, education, marital status, employment, and income. This study emphasizes the need for developing a marketing strategy to improve insurance literacy education as the first measure to popularize microinsurance in Indonesia.