KEPEMILIKAN MANAJERIAL TERHADAP KEBIJAKAN PENDANAAN DAN DIVIDEN

Soleman H. Abdul Kahar

Abstract


The aim of this investigation was to provide evidence that managerial ownershipeffected to financing and dividend policy. The result showed there was positive significancebetween managerial ownership and financing policy. Manager could monitor the bestinvestment and add capital from extern financing (demand hypothesis). Besides, managerialownership effect was negative but not significant to dividend policy. Investor as owner andmanager of corporate preferred to choose other compensations such as salary, bonus or otherlong time incentive rather than dividend.

Keywords


Managerial Ownership, Financing Policy, Dividend Policy

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Jurnal Keuangan dan Perbankan (Journal of Finance and Banking)

Diploma Program of Banking and Finance, Faculty of Economics and Business, University of Merdeka Malang

Published by University of Merdeka

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