文章基本信息

标题：The Role of Corporate Governance, Dividend Policy, and Capital Structure on Ownership Structure Toward the Firm Value
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作者：Arief Yulianto ; Suhadak . ; Darminto . 等
期刊名称：European Journal of Business and Management
印刷版ISSN：2222-2839
电子版ISSN：2222-2839
出版年度：2014
卷号：6
期号：8
页码：134-141
语种：English
出版社：The International Institute for Science, Technology and Education (IISTE)
摘要：The purpose of this study was to determine the role of corporate governance, dividend policy and capital structure on ownership structure toward the firm value. The study was conducted to manufacturing firms listed at the Indonesia Stock Exchange during 2008-2011. The results showed that institutional majority ownership structure is the cause of agency problems, which can be mitigated by corporate governance mechanism and dividend policy, thereby increasing the value of the of the company. Capital structure can be used as a mechanism to reduce agency problems but cannot affect the value of the company due to the implementation of the company's corporate governance resulting in increasing debt in the capital structure and dividend policy. Dividend policy and capital structure is not a substitute nor complementary in reducing agency problems.
关键词：Ownership Structure; Corporate Governance; Capital Structure; Dividend Policy; Firm Value