JURNAL BISNIS DAN AKUNTANSI
FAKTOR – FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN
The purpose of this study is to obtain empirical evidence about the factors which influence dividend policy. Independent variables used in this research are managerial ownership, institutional ownership, debt policy, return on asset, firm size, growth and collateral assets to dividend policy. The population used in this study are nonfinancial companies except bank and financial institution listed on the Indonesia Stock Exchange (IDX) that chooses for the period of 2008 to 2010 as the sample. Sample selection procedure carried out by implementing purposive sampling method. Data are analyzed using multiple regression analysis. The results show that institutional ownership, return on asset, firm size and growth have influence toward dividend policy. Managerial ownership, debt policy and collateral assets have no influence toward dividend policy.Keyword :Institutional Ownership, Return on Asset, Firm Size, Growth, Dividend Policy.