The Effect of Corporate Governance, Corporate Financing Decision and Ownership Structure on Firm Performance: A Panel Data Approach from Tehran Stock Exchange

Moradi, Nassim Shah; Aldin, Mahmood Moein; Heyrani, Forough; Iranmahd, Mohsen

doi:10.5539/ijef.v4n6p86

Cited by 15 publications

(24 citation statements)

References 11 publications

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“…Hasil serupa ditemukan oleh Nerviana (2015), debt to equity ratio yang tinggi secara signifikan dapat menurunkan dividend payout ratio. Hasil sebaliknya ditemukan oleh Moradi et al (2012) yang menyatakan bahwa debt to equity ratio berpengaruh positif signifikan terhadap dividend payout ratio. Penelitian yang dilakukan oleh Putri & Nasir (2006) memperoleh hasil tidak terdapat pengaruh signifikan debt to equity ratio terhadap dividend payout ratio.…”

unclassified

Peran Debt to Equity Ratio Dalam Memediasi Pengaruh Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Pada Perusahaan Manufaktur

Fitriati

2019

bmaj

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This study aims to examine the effect of current ratio variables and institutional ownership on dividend payout ratio and the role of debt to equity ratio in mediating these effects. Sampling uses purposive sampling. Data is taken from the Indonesian Capital Market Directory (ICMD). The feasibility test of the model is done using multicollinearity test, test the coefficient of determination and significance test. The analysis method uses path analysis and single test. The results of this study indicate that the current ratio has a significant negative effect on the debt to equity ratio, the debt to equity ratio has a significant negative effect on the dividend payout ratio and the debt to equity ratio is able to mediate the effect of the current ratio on the dividend payout ratio. Keywords: current ratio, institutional ownership, debt to equity ratio and dividend payout ratio

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unclassified

Peran Debt to Equity Ratio Dalam Memediasi Pengaruh Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Pada Perusahaan Manufaktur

Fitriati

2019

bmaj

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“…Pada dasarnya investor lebih menyukai dividen yang dibagikan secara tunai. Hal ini sesuai dengan penelitian Moradi et., al. (2012) yang menemukan bahwa institutional ownership berpengaruh positif signifikan terhadap dividend payout ratio.…”

Section: Pendahuluanunclassified

“…Hutang yang semakin besar menyebabkan beban perusahaan menjadi besar karena biaya hutang yang harus ditanggung. Semakin besar hutang akan menyebabkan prioritas perusahaan untuk membayar dividen akan semakin kecil karena keuntungan perusahaan berkurang dengan adanya biaya hutang perusahaan (Moradi et al 2012). Moradi et al, (2012) menemukan bahwa DER berpengaruh signifikan negatif terhadap DPR.…”

Section: Pengaruh Debt To Equity Ratio Terhadap Dividend Payout Ratiounclassified

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Analisis Pengaruh Return on Equity, Firm Size, Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Dengan Debt to Equity Ratio Sebagai Variabel Intervening

Fitriati

Chabachib

Muharam

2018

Jurnal Riset Ekonomi dan Bisnis

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Penelitian ini bertujuan untuk mengujipengaruh variabel return on equity, firm size, current ratio dan institutional ownership terhadap dividend payout ratio dengan debt to equity ratio sebagai variabel intervening. Pengambilan sampel menggunakan purposive sampling. Data diambil dari Indonesian Capital Market Directory (ICMD). Uji kelayakan model menggunakan uji multikolinieritas, uji koefisien determinasi dan uji signifikansi. Teknk analisis menggunakan analisis jalur dan sobel test. Hasil penelitian ini menunjukkan bahwa current ratio dan institutional ownership berpengaruh negatif signifikan terhadap debt to equity ratio, firm size dan current ratio berpengaruh positif signifikan terhadap dividend payout ratio, debt to equity ratio berpengaruh negatif signifikan terhadap dividend payout ratio serta debto equity ratio mampu memediasi pengaruh current ratio terhadap dividend payout ratio dan pengaruh institutional ownership terhadap dividend payout ratio. The aimed of this study is examine the effect of variable return on equity, firm size, current ratio and institutional ownership toward dividend payout ratio with debt to equity ratio as an intervening variable. Sampling using purposive sampling. Data taken from Indonesian Capital Market Directory (ICMD). The test of feasibility models using multicoliniarity test, coefficient determination test and test of significance. The analysis technique using path analysis and sobel test. The result of this study indicate that the current ratio and institutional ownership have significant negative effect on debt to equity ratio, firm size and current ratio have significant positive effect on dividend payout ratio, debt to equity ratio has significant negative effect on dividend payout ratio and the debt to equity ratio capable of mediating influence current ratio toward dividend payout ratio and the effect of institutional ownership toward dividend payout ratio.

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“…Institutional ownership is the percentage of shares held by institutional investors such as insurance companies, investment companies, and banks (Moradi et al, 2012). Institutional investors can play a role in monitoring the agent (manager) of the company.…”

Section: Introductionmentioning

confidence: 99%

Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors

Tamrin,

Mus,

Sudirman

et al. 2018

Preprint

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The Effect of Corporate Governance, Corporate Financing Decision and Ownership Structure on Firm Performance: A Panel Data Approach from Tehran Stock Exchange

Cited by 15 publications

References 11 publications

Peran Debt to Equity Ratio Dalam Memediasi Pengaruh Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Pada Perusahaan Manufaktur

Peran Debt to Equity Ratio Dalam Memediasi Pengaruh Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Pada Perusahaan Manufaktur

Analisis Pengaruh Return on Equity, Firm Size, Current Ratio Dan Institutional Ownership Terhadap Dividend Payout Ratio Dengan Debt to Equity Ratio Sebagai Variabel Intervening

Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors

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