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https://repository.unej.ac.id/xmlui/handle/123456789/103456| Title: | Antecedent Variables of Dividend Policy in Public Manufacturing Companies:Case in Indonesia |
| Authors: | KUSTONO, Alwan Sri |
| Keywords: | earnings management managerial ownership free cash flow dividend payout ratio |
| Issue Date: | 1-Sep-2020 |
| Publisher: | International Journal of Scientific Research and Engineering Development |
| Abstract: | The purpose of this study was to determine the antecedent variables of dividend policy. The independent variables are earnings management, managerial ownership, and free cash flow. The sample was taken by using a purposive sampling technique consisted of 302 firm years. Data collected from the Indonesia Stock Exchange with the research period from 2015 - 2018. The results of this study showed that earnings management and managerial ownership do not influence the dividend payout ratio. Free cash flow has a significant influence on the dividend payout ratio. Managers do not use free cash flow as a policy that tends to decrease shareholders' wealth. Management uses free cash flow as a policy to minimize agency costs. |
| URI: | http://repository.unej.ac.id/handle/123456789/103456 |
| Appears in Collections: | LSP-Jurnal Ilmiah Dosen |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| FEB_JURNAL_Alwan_Antecedent Variables of Dividend Policy in Public Manufacturing.pdf | 307.48 kB | Adobe PDF | View/Open |
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