International Journal of Environmental, Sustainability, and Social Science
Vol. 2 No. 2 (2021): International Journal of Environmental, Sustainability, and Social Science (Jul

Do Independent Commissioners Control the Effect of Family-Owned Business Characteristics on Dividend Policy? A Study in Indonesian Manufacturing Companies

Ernie HENDRAWATY (Faculty of Economics and Business University of Lampung, Indonesia)
Sri HASNAWATI (Faculty of Economics and Business University of Lampung, Indonesia)
Lia PURNAMASARI (Faculty of Economics and Business University of Lampung, Indonesia)

Article Info

Publish Date
31 Jul 2021

Abstract

This study aims to determine the role of independent Commissioners to control the effect of family-owned business characteristics on dividend policy. This study construct panel data that estimate using panel regression with a fixed-effect model. The model is estimated using financial data of 64 Indonesian manufacturing companies that were observed from the period 2016-2018. The result showed that family-owned business characteristics have a positive effect on dividens. The Independent Commisioners were able to control the effect of family business characteristics on the dividend policy. The Independent Commissioners have a role in reducing the positive effect of family-owned businesses characteristics on dividends.

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Journal Info
International Journal of Environmental, Sustainability, and Social Science
Website

Abbrev

ijesss

Publisher

Indonesia Strategic Sustainability

Subject

Economics, Econometrics & Finance Environmental Science Social Sciences

Description

International Journal of Environmental, Sustainability, and Social Science (abbreviated as IJESSS) p-ISSN 2720-9644 and e-ISSN 2721-0871 is a multidisciplinary journal covering all aspects of the environmental impacts of socio-economic development. The International Journal of Environmental, ...