Pengaruh Good Corporate Governance Terhadap Kebijakan Dividen Pada Perusahaan Nonkeuangan

Anam, Hairul; Hendra, Hendra

doi:10.36277/geoekonomi.v11i2.126

Cited by 1 publication

(2 citation statements)

References 8 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to (Cahyadi et al 2018) the voting rights for independent commissioners have insignificant influence towards the dividend policy of company because the number of independent commissioners is only act as complement to the company. These results are in accordance with previous research from (Mangasih and Asandimitra 2017), (Cahyadi et al 2018), (Bangun et al 2018), (Anam and Hendra 2020), and (Elmagrhi et al 2017). Whereas research by (Padil and Adawiyah 2019), (Adamu et al 2017), (Putri 2020), (Pucheta-Martínez andBel-Oms 2016), (Limbong and Darsono 2021), and (Setiyowati and Sari 2017) shows the different results which stated that the independent commissioners has significant influence towards dividend distribution policy.…”

Section: Discussionsupporting

confidence: 91%

“…Previous research from (Padil andAdawiyah 2019), (Adamu et al 2017), (Putri 2020), (Pucheta-Martínez and Bel-Oms 2016), (Limbong and Darsono 2021) and (Setiyowati and Sari 2017) stated that the proportion of Independent commissioners have a strong impact on dividend policy. Meanwhile, the opposite research was conducted by (Mangasih and Asandimitra 2017), (Cahyadi et al 2018), (Bangun et al 2018), (Anam and Hendra 2020) and (Elmagrhi et al 2017).…”

Section: Proportion Of Independent Commissionersmentioning

confidence: 99%

See 1 more Smart Citation

The Importance of Traits of Board of Commissioners, company Size, Profitability and Free Cash Flow in Affecting the Dividend Policy

Wibowo

Setiany

2023

JAFM

View full text Add to dashboard Cite

This study aims to investigate further relates to dividend policy that utilize in company which affected by characteristics of board of commissioners, business size, profitability as well as free cash flow. Secondary data has been used as source of information that obtained by the publication of financial reports that submitted by the Indonesia Stock Exchange (IDX). This study implemented the purposive sampling strategy to select 180 manufacturing companies which have been registered on the Indonesia Stock Exchange between 2018 and 2$020 as research samples. Normality test, heteroscedastic test, autocorrelation test, multicollinearity test, coefficient determination test, linear regression analysis and t-test, those are analysis methods used in this research. The t-test revealed that the characteristics of the commissioners has impact to the company’s dividend policy. While gender representative on the board of commissioners has negatively impacts on dividend policy, number of commissioners and free cash flow both positively affect the dividend policy. The policy relates to dividend distribution did not influence the proportion of independent commissioners, firm size or profitability. However, dividend policy has greatly affected by free cash flow. The research outcomes showed that the proportion of independent commissioners in a company usually lower than the total of commissioners owned by the company. Those Companies tends to allocate retained earnings to develop more profitable projects to get maximum profits. Companies that generate large inflows of free cash are more likely to make large dividend payments to reduce waste on unprofitable projects.

show abstract