The Influence Of Managerial Ownership, Debt Policy, Dividend Policy On Agency Costs And Its Implications On Company Value (Studies on Manufacturing Companies Listed on the IDX for the 2014-2018 Period)

ISKANDAR, ISKANDAR and Santoso, Budi and Suryani, Embun (2021) The Influence Of Managerial Ownership, Debt Policy, Dividend Policy On Agency Costs And Its Implications On Company Value (Studies on Manufacturing Companies Listed on the IDX for the 2014-2018 Period). IJISET - International Journal of Innovative Science, Engineering & Technology, 8 (9). ISSN 2348 – 7968

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Abstract

This study aims to examine the effect of Managerial Ownership, Debt Policy, and Dividend Policy on Agency Costs and Value of manufacturing companies listed on the IDX. The population of this study is all manufacturing companies listed on the IDX. Sampling was conducted using the purposive sampling method so that in this study the number of samples was 10 companies listed on the IDX in the 2014-2018 period. Classical assumption tests include normality tests, multicollinearity tests, heteroscedasticity tests, and autocorrelation tests. The collected data were then analyzed with panel data regression analysis using the program Eviews. The results showed that Managerial Ownership and Debt Policy have a significant effect on Agency Costs, while Dividend Policy has no significant effect on Agency Costs. There is a significant influence between Managerial Ownership, Debt Policy, and Agency Costs on Firm Value, while Dividend Policy has no significant effect on Firm Value. There is a significant indirect effect of Managerial Ownership and Debt Policy on Firm Value through Agency Costs as an Intervening variable, where the pattern of this influence is partially mediated.

Item Type: Article
Keywords (Kata Kunci): Managerial Ownership, Debt Policy, Dividend Policy, Agency Costs, and Company Value.
Subjects: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi
Depositing User: Mrs Embun Suryani
Date Deposited: 06 Jan 2022 00:08
Last Modified: 06 Jan 2022 00:08
URI: http://eprints.unram.ac.id/id/eprint/26928

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