Distribution of income of corporation among dividends, retained earning, and taxes. Capital investment and finacial decision.
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Relevansi nilai dividen yield dan price earning ratio dengan moderasi investment opportunity set (IOS) dalam penilaian harga saham. Penggunaan P/E Ratio dalam Penilaian Saham: Suatu Analisis Lebih Lanjut, Manajemen dan Usahawan Indonesia, No. Manajemen Keuangan, Keputusan Investasi dan Pembelanjaan, Edisi Kedua, FE UGM Yogyakarta. Earnings Information Conveyed by Dividend Initiations and Omissions, Journal of Financial Economics (September), 149-175. Fifth edition, Prentice-Hall, New Jersey. Jr, Anderson, R.E Tatham, R.L Black, W.C. Growth opportunities, capital structure and dividen policies in Japan. Journal of Accounting and Economics 24, 219-237. A test of the free cash flow and debt monitoring hypotheses: Evidence from audit pricing. Basic Econometrics, McGraw-Hill, Inc, 3nd edition. Aplikasi Analisis Multivariate Dengan Program SPSS, Badan Penerbit Universitas Diponegoro. Additional evidence on the association between the investment opportunity set and corporate financing, dividend, and compensation policies. Prentice Hall International, Second Edition. Journal of Financial & Quantitative Analysis, Vol. Dividend Changes, Abnormal Returns and Intra Industri Firm Valuation. Analisis Korelasi Pokok IOS dengan Realisasi Pertumbuhan Kebijakan Pendanaan dan Dividen, Tesis, Pascasarjana FE UGM.įirth, M., 1996. Hubungan biaya keagenan, risiko pasar dan kesempatan investasi dengan kebijakan dividen. New York: Irwin.Įasterbrook, Frank H, 1984. Investment Option, Assets-in-place, and the Risk of Stocks, Financial Management 20, 3, p. Efficient and Opportunistic Choice of Accounting Procedures: Corporate Control Contests. Equity Risk, the Opportunity Set, Production Costss, and Debt, Working Paper Univ, of Rochester.Ĭhristie, Andrew., dan J.L. Working Paper, Univ of Iowa.Ĭhristie, Andrew, 1989. The Information Content of Quarterly Dividend Changes. Intermediate Financial Management, 5nd ed, Dryden Press Harcourt Brance College Publishers.Ĭarroll, T. Imperfect Information, Dividend Policy, and the Bird in the Hand Fallacy. Metodologi Penelitian Ekonomi, Edisi 1, Jakarta: UI Press.īhattacharya, S. Fundamental of Investment, Second Edition, Prentice-Hall Inc.Īrief, S. this finding Impirik explain that invesment opportunity set unable to influence the free cash flow relation and dividend policy, even so there relation is very small.Īlexader, et al, 1993. The empiric result obtained depict that free cash flow individually correlate the negativity and dont significan with the dividend policy without including moderasi set the invesment opportunity, and so do when testing free cash flow relation with the dividend policy by including to invesment opportunity set as its moderating variable result depict the negative relation and dont significan. Test the assumption classical indication there are trouble heteroskedastisitas, after done by remedial hence the rest of 216 from 445 perception weared to test the alternative hypothesizing one and alternative hypothesizing two. As much 89 company which have publik at Jakarta Stock Exchange (JSX) except mining company, bank, insurance, sekuritas, real estate, credit agent, hotel and travel which used as sampel research.
This variable are later then analysed by using method of pooled regression that is model the linear regresi by adding cross-product term.
Variable used in this research is investment opportunity set measured hence proxy based on the price that is market to book value of equty (MBVE), free cash flow, and dividend policy.
The objectives of this study are to emprically examine the association between free cash flow and dividend policy, and test the influence investment opportunity set as moderating variable to the correlation.