Analysis of the Effect of Information Asymmetry on Dividends
L. Ernestin, W.R. Murhadi, B.S. Sutejo
Available Online 31 January 2020.
- https://doi.org/10.2991/aebmr.k.200127.003How to use a DOI?
- information asymmetry, dividend policy, growth opportunity, profitability, risk
- This study aims to examine the effect of information asymmetry on the dividend policy of non-financial companies listed on the Indonesia Stock Exchange. Basically, there is information asymmetry between managers and investors in which investors only know company information through dividend information, while managers have all the company’s actual internal information. The study used a sample of companies that pays dividends listed on the Indonesia Stock Exchange and a control variable of growth opportunity (market-to-book ratio, asset structure), firm size, firm risk, and profitability. The findings of this study concluded that information asymmetry does not significantly influence the dividend policy of non-financial companies listed on the Indonesia Stock Exchange. The dividend payment is not influenced by the high or low asymmetry of the available information; this is because the dividend payment policy is an expensive policy.
- Open Access
- This is an open access article distributed under the CC BY-NC license.
Cite this article
TY - CONF AU - L. Ernestin AU - W.R. Murhadi AU - B.S. Sutejo PY - 2020 DA - 2020/01/31 TI - Analysis of the Effect of Information Asymmetry on Dividends BT - Proceedings of the 17 th International Symposium on Management (INSYMA 2020) PB - Atlantis Press SP - 13 EP - 16 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200127.003 DO - https://doi.org/10.2991/aebmr.k.200127.003 ID - Ernestin2020 ER -