文章基本信息

标题：The Effect of Shareholders’ Conflict over Dividend Policy on Accounting Conservatism: Evidence from Public Firms in Indonesia
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作者：Ni Made Dwi Ratnadi ; Sutrisno T ; M. Achsin 等
期刊名称：Research Journal of Finance and Accounting
印刷版ISSN：2222-1697
出版年度：2013
卷号：4
期号：6
页码：146-155
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The purpose of this study is to examine the effect of conflict of interests between majority and minority shareholders over dividend policy on accounting conservatism. Shareholders conflict is proxied by dividend and majority shareholders’ control rights. The research is done on firms listed on Indonesia Stock Exchange. Sample is determined by purposive sampling, consisting of 253 observations. The results of multivariate regression analysis with panel data regression techniques show that dividends have positive effect on accounting conservatism. Majority shareholders’ control rights also affect accounting conservatism. These results deepen the empirical evidence for Agency Theory from Agency Conflict Type II and prove that accounting conservatism made by management on concentrated ownership is under the control of majority shareholders. Therefore, majority shareholders can increase their utilities through the hands of management.
关键词：Agency Conflict Type II; Accounting Conservatism; Dividend Payout Ratio; Control Rights.