PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN HUTANG, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PERUSAHAAN (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA)
Abstract
This study aims to examine empirically the effect of Managerial
Ownership, Institutional Ownership, Debt Policy, Profitability and Size of the
Company's dividend policy Against Manufacturing company listed on the
Indonesia Stock Exchange. The period used in this study is five (5) years, ie from
2010 to 2014. The sample in this study were obtained by purposive sampling
method. Based on the criteria, obtained 97 companies selected as sample. Data
analysis technique used is multiple linear regression.
Based on the analysis of data, simultaneously Managerial Ownership,
Institutional Ownership, Debt Policy, Profitability and Size effect on the
Company's Dividend Policy. This is evidenced by the calculated F value of 3.918
at a significance value of 0.003. While the parsialdapat diketahuibahwa variable
Institutional Ownership, Profitability and Size does not affect the Company's
dividend policy of the company. While variable Managerial Ownership and Debt
Policies significant negative effect on dividend policy of the company