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Title: The role of ownership’s concentration moderating dividend policy effects on firm value
Authors: Zulfikar, Rudi
Nofianti, Nana
Dwi Astuti, Kurniasih
Meutia, Meutia
Ramadan, Aldi
Keywords: Business ethics -- Indonesia
Dividends -- Indonesia
Business enterprises -- Indonesia
Family-owned business enterprises -- Indonesia
Issue Date: 2020
Publisher: Eleftherios Thalassinos
Citation: Zulfikar, R., Nofinati, I., Dwi Astuti, K., Meutia, M., & Ramadan, A. (2020). The role of ownership’s concentration moderating dividend policy Effects on Firm Value. International Journal of Economics and Business Administration, 8(2), 126-135.
Abstract: Purpose: The main aim of this research is to examine the role of ownership’s concentration moderating of dividend policy effects on firm value. Design/methodology/approach: For the empirical part we have used a sample of 23 companies with five years of observation a total of 115 data observations. The retrieval of data observations in the sample was based on certain criteria in the period of 2014-2018. Findings: The result supported the hypothesis that dividend policy had a positive effect on firm value. Besides, the concentration of ownership weakened the relationship between the dividend policy and the firm value. Results proved that companies in Indonesia whose ownership had been owned by families would affect management policies, such as dividend policy. Practical Implications: Therefore, the concerns of business ethics in Indonesia had been weak. It was supporting the allegation that law enforcement in Indonesia was weak. Originality/value: The Novelty of testing the concentration of ownership as a moderating variable.
ISSN: 22414754
Appears in Collections:IJEBA, Volume 8, Issue 2

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