Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)

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Ownership Structure and Dividend Policy at LQ45 Companies of the Indonesian Stock Exchange

Authors
Abdul Chotib Nasih, Gatra Gumilang, Alkhomah, Siti Nurrohmah, Dwi Endah
Corresponding Author
Abdul Chotib Nasih
Available Online 22 February 2021.
DOI
10.2991/aebmr.k.210220.031How to use a DOI?
Keywords
Dividend policy, Institutional Ownership, Managerial Ownership, Dividend Payout Ratio
Abstract

This study aims to examine the effect of ownership structure on dividend policy. The independent variable used in this study is the ownership structure which is divided into managerial stock ownership (MSO) and institutional stock ownership (INST). The dependent variable used is the dividend policy measured using the dividend payout ratio (DPR). The moderating variable in this research is BUMN company. The sample used in this study is companies listed on the LQ45 stock market index on the Indonesia Stock Exchange (IDX) in the 2016-2018 period. The number of samples obtained was 45 companies. This study uses secondary data in the form of annual financial reports that are accessed through the official website of the IDX. Techniques for analyzing data are using multiple linear regression methods and SPSS data processing applications. Empirical results of this study indicate that managerial stock ownership (MSO) has a negative and not significant effect; then for institutional ownership (ISO) positive and significant effect; Managerial share ownership (MSO) moderated by BUMN companies has a negative and not significant effect; meanwhile, for institutional share ownership (ISO) has positive and significant effect on dividend policy.

Copyright
© 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/).

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Volume Title
Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
22 February 2021
ISBN
10.2991/aebmr.k.210220.031
ISSN
2352-5428
DOI
10.2991/aebmr.k.210220.031How to use a DOI?
Copyright
© 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

risenwbib
TY  - CONF
AU  - Abdul Chotib Nasih
AU  - Gatra Gumilang
AU  - Alkhomah
AU  - Siti Nurrohmah
AU  - Dwi Endah
PY  - 2021
DA  - 2021/02/22
TI  - Ownership Structure and Dividend Policy at LQ45 Companies of the Indonesian Stock Exchange
BT  - Proceedings of the International Conference on Strategic Issues of Economics, Business and, Education (ICoSIEBE 2020)
PB  - Atlantis Press
SP  - 174
EP  - 179
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210220.031
DO  - 10.2991/aebmr.k.210220.031
ID  - Nasih2021
ER  -