PENGARUH KEPEMILIKAN INSTITUSIONAL TERHADAP KINERJA KEUANGAN DENGAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL INTERVENING (Studi Industri Manufaktur Yang Terdaftar Di Bursa Efek Indonesia)
| Main Author: | AVASENA, MOHAMAD |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | eng |
| Terbitan: |
, 2019
|
| Subjects: | |
| Online Access: |
https://eprints.untirta.ac.id/3319/1/PENGARUH%20KEPEMILIKAN%20INSTITUSIONAL%20TERHADAP%20KINERJA%20KEUANGAN%20DENGAN%20KEBIJAKAN%20DEVIDEN%20SEBAGAI%20VARIABEL%20INTERVENING%20%28Studi%20Industri%20Manufaktur%20Yang%20Terdaftar%20Di%20Bursa%20Efek%20Indonesia%29.PDF https://eprints.untirta.ac.id/3319/ https://feb.untirta.ac.id/ |
Daftar Isi:
- This study aims to examine the effect of Institutional Ownership on Financial Performance, with the Intervening variable Dividend Policy. Institutional ownership in this study is a corporate governance mechanism. Institutional ownership is measured by the number of institutional ownership divided by the number of shares lagging. Financial Performance is measured using Return On Assets (ROA), and Dividend Policy is measured by dividends distributed divided by earnings per share. This study uses multiple linear regression to test the direct effect between variables, while path analysis to test indirect effects. The research data uses secondary data, obtained from the annual report published by the company. The research sample amounted to 175 Manufacturing industries listed on the Indonesia Stock Exchange in the period 2012-2016. The results of the study prove that, Institutional Ownership directly influences Financial Performance. Proof of indirect influence shows the mediation between dividend policy which mediates institutional ownership of financial performance. The implications of this study indicate that in investing investors consider dividend distribution as a factor of consideration and protection for investment. Keywords: institutional ownership, dividend policy, financial performance.