ANALISIS PERSAMAAN SIMULTAN INSIDER OWNERSHIP, KEBIJAKAN HUTANG DAN DIVIDEN DALAM PERILAKU OPORTUNISTIK MANAGERIAL (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode Tahun 2009-2011)

SUPRIYATIN, Dwi and Wahyudi, Sugeng and MAHFUD, Mohammad Kholiq (2013) ANALISIS PERSAMAAN SIMULTAN INSIDER OWNERSHIP, KEBIJAKAN HUTANG DAN DIVIDEN DALAM PERILAKU OPORTUNISTIK MANAGERIAL (Studi Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia (BEI) Periode Tahun 2009-2011). Masters thesis, Diponegoro University.

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Abstract

The research analizing the relationship between insider ownership, debt policy and dividend policy in managerial opportunistic behaviour. This research is based on the previous research by Jensen (1992). Fixed asset, Risk, Size, Growth, and Profit is used as determined variables (exogenous variables). This research focused on manufacturing companies listed in Indonesia Stock Exchange for periode 2009-2011. The method of data collecting is pooling method and result 7 firm observation. The statistical method used by this research is two stage least square regression. The result of this research shows that the proposition that financial decision and level of insider ownership are interdependent. Specifically, the level of insider ownership has a negative influence on a firm’s debt and dividen levels.

Item Type:Thesis (Masters)
Subjects:H Social Sciences > HG Finance
Divisions:School of Postgraduate (mixed) > Master Program in Management
ID Code:48184
Deposited By:Mr Endhar Priyo Utomo
Deposited On:23 Mar 2016 15:54
Last Modified:23 Mar 2016 15:54

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