Penentu Kebijakan Inisiasi Dividen dan Dividen Sustainability (At Initial Public Offering Companies on the Indonesia Stock Exchange)

Authors

  • Agus Rahman Alamsyah Institut Teknologi dan Bisnis ASIA Malang

Keywords:

Agency Cost Model, Dividend Initiation Policy, Dividend Sustainability

Abstract

This study aims to examine the effects of maturity and agency cost model variables on the behavior of dividend initiation policy, and the effect itself on dividend sustainability. Samples of 127 companies that have initial public offering (IPO) on the Indonesia Stock Exchange (IDX), 2010-2019. This study uses Structural Equation Modeling with SmartPLS software to test the hypothesis. The test results show: maturity and capital structure variable have significant and positive effects on dividend initiation policy. Ownership structure does not affect the dividend initiation policy. Dividend initiation variable has a significant and positive effect on dividend sustainability.

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Published

2021-03-23

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Section

Articles