Testing Theory of Dividend Policy: Evidence in the Real Estate Sector in Indonesia

DOI

10.2991/aebmr.k.200131.025How to use a DOI?

Keywords

Dividend Policy, Firm Size, Financial Performance

Abstract

The aim of this research is to test the irrelevant theory and relevant theories of the dividend policy. This research is conducted on real estate sector from period 2012–2015 to get 168 observation data. Variable of research include independent variable that is financial performance of company which proxy by Profitability, Dependent variable that is Dividend Policy which proxy by Dividend Payout Ratio, and Moderation variable that is firm size proxy by total assets. Test results obtained when the profit increase is not followed by an increase in dividend payment, so it can be concluded company hold the principle that company value is not determined by how the company disributes its earnings as dividends. So that in this study found in Indonesia especially real estate sector companies used dividend irrelevant theory.

Copyright

© 2020, 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/).

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TY  - CONF
AU  - I. Purnamasari
AU  - N. Nugraha
PY  - 2020
DA  - 2020/02/07
TI  - Testing Theory of Dividend Policy: Evidence in the Real Estate Sector in Indonesia
BT  - Proceedings of the 3rd Global Conference On Business, Management, and Entrepreneurship (GCBME 2018)
PB  - Atlantis Press
SP  - 117
EP  - 120
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.200131.025
DO  - 10.2991/aebmr.k.200131.025
ID  - Purnamasari2020
ER  -