This study test the effect of managerial ownership on propensity of tax avoidance behaviour. Data used in this study were obtained from Indonesian stock exchange database and company's annual report. The author uses regression analysis with unbalanced panel data types from a sample of 144 manufacturing companies covering years period of 2015 to 2017. Propensity of tax avoidance as a dependent variable is measured by effective tax rate (ETR). The independent variable is managerial ownership which is determined by 2 (two) types of measurements. First measurement use a percentage form,  and second measurement use a dummy based on the level of managerial ownership. The control variables used include return on assets (ROA), company size and leverage. We find that managerial ownership has a positive effect on propensity of tax avoidance. Another finding in this study is that the effect of managerial ownership on propensity of tax avoidance occurred at managerial ownership levels of less than 20%. The results of this study are expected to contribute the literature study of managerial ownership towards propensity of tax avoidance.

This study examines the factors influencing dividend policy: profitability, liquidity, and leverage. The dependent variable of dividend policy is measured using the Dividend Payout Ratio (DPR). The return measures the independent variable of profitability on Equity (ROE) proxy. The independent variables of liquidity are measured using the Current Ratio (CR) proxy, and leverage is measured by the Debt-to-Equity Ratio (DER) proxy. The sampling method was purposive, and data were analyzed using multiple linear regression. The sample was manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) in 2016-2020. The number of observational data used in the test totaled 221 observations. This research shows that profitability positively affects the dividend payout ratio, and other variables, namely liquidity, and leverage, do not affect dividend policy. The research results are expected to add to the research literature on the factors influencing dividend policy

Abstract

<p><em><span style="font-family: Times New Roman; font-size: medium;">This research aim to prove the effect of audit opinion, management changes, financial distress, company growth, and company size on voluntary auditor switching. An analytical technique employed is logistic regression analysis. This research using manufactured company listed in Indonesian Stock Exchange (BEI) which taken by purposive sampling method. During six years observations, there were 465 companies and only 74 companies (15.91%) of the observed company have changed their auditor. it was found that only audit opinion and company size variable that affect public company to change their auditor. The other three variable were not statistically significant. </span></em></p><p><em><span style="font-family: Times New Roman; font-size: medium;"> </span></em></p><p><span style="font-size: medium;"><span style="font-family: Times New Roman;"><strong><em>Keyword:</em></strong><em> Voluntary Auditor Switching, Audit Opinion, Management Changes, </em></span></span><em><span style="font-size: medium;"><span style="font-family: Times New Roman;">Financial Distress, Company Growth, and Company Size</span></span></em></p>

  Artikel ini akan mengeksplorasi aspek-aspek  yang diduga menjadi pertimbangan dalam kebijakan pembayaran dividen (dividend payout ratio). Variabel independen yang akan diuji yakni profitabilitas, likuiditas, dan leverage. Penulis menetapkan sampel emiten subsektor industri barang jadi periode tahun 2016-2020. Penetapan sampel terpilih dilakukan dengan teknik purposive sampling. Total  sampel berjumlah 63 entitas dengan total pengamatan 233. Pengujian dilakukan dengan uji regresi linier berganda. Hasil pengujian membuktikan bahwa profitabilitas terbukti memberikan pengaruh positif terhadap kebijakan pembayaran dividen. Dua variabel lainnya yaitu likuiditas dan leverage terbukti tidak memberikan pengaruh terhadap kebijakan pembayaran dividen. Penelitian ini memperkuat konsistensi teori sinyal terhadap kebijakan dividen khususnya yang terkait dengan informasi profitabilitas entitas.