Tax on Dividend Distribution, Agency Problem and Firm Value – Unique Indian Perspective

2011 ◽  
Author(s):  
Santanu K. Ganguli
Keyword(s):  
Firm Value ◽  
Agency Problem ◽  
Dividend Distribution ◽  
Indian Perspective

Pengaruh Agency Problem dan Inside Shareholdersterhadap Diversifikasi

2007 ◽  
Vol 2 (2) ◽  
pp. 117
Author(s):  
Suwarni Suwarni ◽  
Elok Pakaryaningsih
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Random Sampling ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Agency Problem ◽  
Total Sample ◽  
Herfindahl Index ◽  
Administrative Cost

This research qamines the effect of agenqt problem and inside shareholder on company's diversification poliqt. It is also intent to etcamine the effect of diversification on firm value and the ffict of inside shareholder on agency problern. The inside shareholder will be divided into two categories which are:managerial owhership and stock held by the company subsidiaries. The Herfindahl Index will be used to measure the lertel of diuersiJication, whilst the agency problem will be measured using the ratio of selling and general administrative cost. Moreover, the existence of compalry eJccess value derivefro* the company's diversification will be used to identify the firm value. Using the purposive random sampling method, the total sample drawn fro*.The Jakarta Stock Exchange fro* 2002 to 2005 are 160 companies with the accdption for companies within the financial sectors. Using multiple linear regression, the result shows positive and significant effect of agency problem on company's diversification policy. On the contrary, the result fail to demonstrate the ffict of diversification on firm value as well as the effect of inside shareholders on both agenq) problem and diversification. These findings suggest that the existence of agenqt problem is very subtle in Indonesia and the existence of inside shareholder is not intended to reduce theagency problemKeywords : Agency Pr ob I em, Ins ide Sharehol der, Div ers iJic ation

scholarly journals Pengaruh Profitabilitas terhadap Nilai Perusahaan dengan Moderasi Pengungkapan Elemen-Elemen Integrated Reporting

2021 ◽  
Vol 31 (4) ◽  
Author(s):  
Gilang Ryanda Bhimantara ◽  
Agung Dinarjito
Keyword(s):  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Result State ◽  
Integrated Reporting ◽  
Dividend Distribution ◽  
Relationship Of ◽  
Retained Earnings ◽  
The Relationship ◽  
A Company

This paper aims to determine the effect of profitability on firm value and the moderation of disclosure of integrated reporting elements in influencing the relationship of profitability with firm value. The sample is representative of each sector using the purposive stratified sampling method. This research is a quantitative study using a sample of 86 companies listed on the Indonesia Stock Exchange (BEI). Data were analyzed using multiple linear regression and processed using the Stata 13 application. The results show that profitability has no effect on the value of the company. Investors still need to consider the information generated from profitability because of the option to put into retained earnings and dividend distribution that will be taken by the company. The other result state that the integrated reporting elements do not affect the relationship of profitability with firm value because the value of information in the disclosure element is not directly related to the financial information (numbers) of a company. Keywords: Profitability; Firm Value; Integrated Reporting.

scholarly journals PENGARUH KEBIJAKAN PENDANAAN, KEBIJAKAN INVESTASI, DAN KEBIJAKAN DIVIDEN TERHADAP NILAI PERUSAHAAN DENGAN RISIKO BISNIS SEBAGAI VARIABEL PEMODERASI (Studi Empiris Pada Perusahaan yang tergabung dalam Indeks LQ45 2011-2015)

2018 ◽  
Vol 3 (1) ◽  
Author(s):  
Reza Zulfikar Alza, A.A Gde Satia Utama
Keyword(s):  
Significant Influence ◽  
Firm Value ◽  
Dividend Policy ◽  
Hypothesis Test ◽  
Listed Company ◽  
Corporate Value ◽  
Business Risk ◽  
Funding Policy ◽  
Dividend Distribution ◽  
Relationship Investment

Risk is an integral part of the company's policy considerations. risks can affect the implications of a policy, so measurement and calculation of the effects of risk are required to develop appropriate policies. this study aims to examine whether there is an influence between the policy made by managers in terms of funding, investment, and dividend distribution of corporate value by considering the business risk factors facing the company.The samples of this study are public listed company which listed on the bei in the lq 45 index in a row from 2010-2015. in this study used 16 samples each year during the period of observation, and hypothesis test by using multiple linear regression method.the results of this study indicate that (1) the funding policy has a positive and significant influence on firm value, and business risk moderates the interaction of the effect of funding policy on firm value (2) investment policy has positive and significant influence on firm value, and business risk strengthens the policy relationship investment in corporate value (3) dividend policy has no effect on firm value and business risk does not moderate the effect of dividend policy on firm value. The results of this study contribute to potential investors to be used as a reference for the policy decided by the manager so as to minimize the risks that may occur. 

scholarly journals Dividend policy, leverage, and institutional ownership as agency problem control mechanisms in privatized Indonesian state-owned enterprises

2019 ◽  
Vol 6 (5) ◽  
pp. 118-125
Author(s):  
Made Ratih Nurmalasari ◽  
I Gde Kajeng Baskara
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Agency Problem ◽  
Secondary Data ◽  
Agency Problems ◽  
Institutional Ownership ◽  
Least Square ◽  
Control Mechanisms ◽  
Observation Period

This study aims to test the agency theory in privatized Indonesian State-Owned Enterprises. The agency problem in this study was proxied by firm value (Tobin's Q) while the agency problem control mechanism was proxied by institutional ownership, leverage, and dividend policy. This study examines the interchangeable relations between the three variables. The data used in this study are secondary data sourced from the Indonesia Stock Exchange. The research sample is all SOEcompanies that meet the criteria and are listed on the Indonesia Stock Exchange in the 2013-2017 observation period. The analytical tool used in this study was 2SLS (Two-Stage Least Square) with panel data techniques and simultaneous models. The results showed that dividend policy and institutional ownership have a substitution relationship in reducing agency problems, whereas leverage and dividend policy, as well as institutional ownership and leverage, do not have a substitute relationship in reducing agency problems.

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