Jurnal Manajemen
Vol 7 No 1 (2017): November

PENGARUH KEBIJAKAN DIVIDEN, KEPUTUSAN PENDANAAN, PERATAAN LABA DAN KEPEMILIKAN INSTITUSIONAL TERHADAP BIAYA KEAGENAN PADA PERUSAHAAN SEKTOR INDUSTRI PERTANIAN DAN SEKTOR INDUSTRI DASAR YANG TERDAFTAR DI BEI PERIODE 2011-2015

Martha Ayerza (Institut Bisnis dan Informatika Kwik Kian Gie)

Article Info

Publish Date
19 Feb 2019

Abstract

The purpose of this study is to examine the effect of dividend policy, funding decision, income smoothing, and institutional ownership of agency cost. The population in this study are all companies of agriculture industry sector and basic industry sector listed on Indonesia Stock Exchange from 2011 until 2015 period. The theory underlying this research is agency theory and cash flow theory. Regression analysis using data from the company's financial statements of sample amounted to 20 companies that have been processed. This research yields the following: 1. Variable dividend policy proved to have no effect on agency cost, 2. Variable of funding decision not proven to have influence to agency cost, 3. Income smoothing proved to have influence to agency cost, 4. Institutional ownership proven to have influence on agency costs in agricultural and industrial sector industries. Key word: Dividend Policy, Funding Decision, Income Smoothing, Institutional Ownership, Agency Costs

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Journal Info
Jurnal Manajemen
Website

Abbrev

JM

Publisher

INSTITUT BISNIS DAN INFORMATIKA KWIK KIAN GIE

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Jurnal Manajemen mempunyai misi untuk mendorong pengembangan praktik dan teori manajemen di Indonesia melalui penyebarluasan temuan-temuan hasil riset dibidang sains dan kasus manajemen, terdiri dari bidang sumber daya manusia, pemasaran, strategik, keuangan, dan ...