ANALISIS PENGARUH TATA KELOLA PERUSAHAAN YANG BAIK TERHADAP RASIO PEMBAYARAN DIVIDEN

Eko Budi Santoso

Abstract


Investor protection in highty concentrated ownership as in Indonesia is a crucial problem. Expropriation tends to be high in lower investor protection because controlling shareholders can implement policies that benefit themselves at the expense of outside investors. In a high expropriation, outside investors will choose dividends rather than retained earnings.
This paper examines good corporate governance as a solution.for a good investor protection in Indonesia. Using a sample of 245 firms for observdion period of 2001-200j, the results slows that stronger investor ptotection related with lower dividend payout ratio.

Kqtwords : Good Corporate Governance, Dividend Payout Ratio,
Investor Protection, Concentrated Ownership.

Full Text:

PDF


DOI: http://dx.doi.org/10.21460/jrak.2007.31.129

Refbacks

  • There are currently no refbacks.


 

View My Stats

 

Indexed by: 

        

 

 

Lisensi Creative Commons
Ciptaan disebarluaskan di bawah Lisensi Creative Commons Atribusi 4.0 Internasional.