FINANCIAL PERFORMANCE MEMODERASI HUBUNGAN AGENCY COST DAN DIVIDEND POLICY
| Main Authors: | Zenabia, Tsarina, Effriyanti |
|---|---|
| Format: | Article info application/pdf eJournal |
| Bahasa: | eng |
| Terbitan: |
Publika Citra Media
, 2024
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| Subjects: | |
| Online Access: |
https://jurnal.publikacitramedia.com/index.php/jna/article/view/54 https://jurnal.publikacitramedia.com/index.php/jna/article/view/54/39 |
| ctrlnum |
article-54 |
|---|---|
| fullrecord |
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<dc schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/ http://www.openarchives.org/OAI/2.0/oai_dc.xsd"><title lang="en-US">FINANCIAL PERFORMANCE MEMODERASI HUBUNGAN AGENCY COST DAN DIVIDEND POLICY</title><creator>Zenabia, Tsarina</creator><creator>Effriyanti</creator><subject lang="en-US">Agency Cost</subject><subject lang="en-US">Financial Performance</subject><subject lang="en-US">Dividend Policy</subject><description lang="en-US">Dividend distribution is still the main attraction for investors compared to capital gains because dividends promise a more certain thing and dividend distribution aims to maximize shareholder prosperity. This study examines the effect of agency costs on dividend policy with financial performance as moderation in the non-cyclical manufacturing industry. Quantitative research method with secondary data obtained from the Indonesia Stock Exchange (IDX) for the period 2018-2022. Partial test results of executive compensation and free cash flow have a positive effect on dividend policy with prob. value 0.0014 &lt; α 0.05 and 0.0027 &lt; α 0.05. Return on equity (ROE) successfully moderates the negative effect of common stock distribution and dividend policy with prob. value 0.0153 &lt; α 0.05. Similarly, ROE strengthens the positive relationship of free cash flow on dividend policy with prob. value 0.0004 &lt; α 0.05 with an initial coefficient of 1.0968 before moderation to 4.4727 after moderation.</description><publisher lang="en-US">Publika Citra Media</publisher><date>2024-05-01</date><type>Journal:Article</type><type>Other:info:eu-repo/semantics/publishedVersion</type><type>Journal:Article</type><type>File:application/pdf</type><identifier>https://jurnal.publikacitramedia.com/index.php/jna/article/view/54</identifier><identifier>10.62237/jna.v1i2.54</identifier><source lang="en-US">Jurnal Nusa Akuntansi; Vol. 1 No. 2 (2024): Jurnal Nusa Akuntansi Volume 1 Nomor 2 Mei Tahun 2024; 286-309</source><source>3031-8076</source><source>3031-805X</source><language>eng</language><relation>https://jurnal.publikacitramedia.com/index.php/jna/article/view/54/39</relation><rights lang="en-US">Copyright (c) 2024 Tsarina Zenabia, Effriyanti</rights><rights lang="en-US">https://creativecommons.org/licenses/by-sa/4.0</rights><recordID>article-54</recordID></dc>
|
| language |
eng |
| format |
Journal:Article Journal Other:info:eu-repo/semantics/publishedVersion Other File:application/pdf File Journal:eJournal |
| author |
Zenabia, Tsarina Effriyanti |
| title |
FINANCIAL PERFORMANCE MEMODERASI HUBUNGAN AGENCY COST DAN DIVIDEND POLICY |
| publisher |
Publika Citra Media |
| publishDate |
2024 |
| topic |
Agency Cost Financial Performance Dividend Policy |
| url |
https://jurnal.publikacitramedia.com/index.php/jna/article/view/54 https://jurnal.publikacitramedia.com/index.php/jna/article/view/54/39 |
| contents |
Dividend distribution is still the main attraction for investors compared to capital gains because dividends promise a more certain thing and dividend distribution aims to maximize shareholder prosperity. This study examines the effect of agency costs on dividend policy with financial performance as moderation in the non-cyclical manufacturing industry. Quantitative research method with secondary data obtained from the Indonesia Stock Exchange (IDX) for the period 2018-2022. Partial test results of executive compensation and free cash flow have a positive effect on dividend policy with prob. value 0.0014 < α 0.05 and 0.0027 < α 0.05. Return on equity (ROE) successfully moderates the negative effect of common stock distribution and dividend policy with prob. value 0.0153 < α 0.05. Similarly, ROE strengthens the positive relationship of free cash flow on dividend policy with prob. value 0.0004 < α 0.05 with an initial coefficient of 1.0968 before moderation to 4.4727 after moderation. |
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publika citra media |
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Jurnal Nusa Akuntansi |
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AKUNTANSI |
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KOTA TANGERANG |
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BANTEN |
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2024-06-13T03:55:51Z |
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