文章基本信息

标题：Institutional Ownership, Newly Appointed CEO, and Dividend Initiation
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作者：Rahmat Setiawan ; Erry Wisudawan Pradana
期刊名称：Journal of Economics, Business & Accountancy
印刷版ISSN：2087-3735
电子版ISSN：2088-785X
出版年度：2019
卷号：22
期号：3
DOI：10.14414/jebav.v22i3.1725
语种：English
出版社：Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi (PPPM STIE)
摘要：The purpose of this study is to examine the effect of institutional ownership on dividend initiation with newly appointed CEO holding a role as a moderating variable in non-financial companies listed on the Indonesia Stock Exchange. This research used a logistic regression model and Moderated Regression Analysis (MRA). The data were obtained from the public company's Financial Report and Annual Report published in the 2012-2017 period. Dividend initiation is the dependent variable measured using dummy variable, and institutional ownership is the independent variable proxied by the percentage of shares held by institutional investors. Newly appointed CEO is the moderating variable. The result shows that institutional ownership has a significant positive effect on dividend initiation and the newly appointed CEO strengthens the positive effect of institutional ownership on dividend initiation. It is advisable that the companies should improve their corporate governance’s quality by increasing the degree on institutional ownership.
其他摘要：Tujuan penelitian ini adalah menguji pengaruh kepemilikan institusional terhadap inisiasi pembayaran dividen dengan variabel moderasi newly appointed CEO pada perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia. Penelitian ini menggunakan model
关键词：Dividend initiation;Corporate governance;Institutional ownership;Newly appointed CEO;Agency theory