Informational Effect of Stock Liquidity on Dividend Payouts: Evidence from Indonesia, 2008-2017
- 10.2991/assehr.k.210531.082How to use a DOI?
- Stock liquidity, controlling shareholder, dividend payouts, informational effect, Indonesia
This research investigates the informational effect of stock liquidity on dividend payouts in Indonesia from 2008 to 2017. Three dividend payout proxies are used: DVE (cash dividend scaled by earnings), DVC (cash dividend scaled by net operating cash flow), and DVP (the propensity for a dividend use dummy variable). Stock liquidity is measured using the Amihud Method. The results of this research indicate that a positive and significant relationship exists between stock liquidity and dividend payouts. This study used the generalized least square panel data method and logistic estimation method. Indications exist of an increase in the informational effect of stock liquidity on increasing dividend payouts. These results are consistent with the dynamic panel data estimation model.
- © 2021, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Alya Faradisi AU - Maria Ulpah PY - 2021 DA - 2021/05/31 TI - Informational Effect of Stock Liquidity on Dividend Payouts: Evidence from Indonesia, 2008-2017 BT - Proceedings of the Asia-Pacific Research in Social Sciences and Humanities Universitas Indonesia Conference (APRISH 2019) PB - Atlantis Press SP - 658 EP - 665 SN - 2352-5398 UR - https://doi.org/10.2991/assehr.k.210531.082 DO - 10.2991/assehr.k.210531.082 ID - Faradisi2021 ER -