PENGARUH EARNINGS, FREE CASH FLOW DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KEBIJAKAN DIVIDENDS SMOOTHING PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX PERIODE 2010-2013
Online Access
http://digilib.uin-suka.ac.id/21407/1/12390033_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdfhttp://digilib.uin-suka.ac.id/21407/2/12390033_BAB-II_sampai_SEBELUM-BAB-TERAKHIR.pdf
Abstract
The purpose of this research is to analyze the effect of earnings, free cash flow and institutional ownership which used as the determining factor to explain the behavior of smoothing dividends policy. The Samples in this research is 13 companies listed in Jakarta Islamic Index (JII) during the period 2010-2013. The analysis technique is the panel data regression analysis using E-views 8 program. The research finds that free cash flow is an important factor affecting the dividends smoothing policy. Free cash flow is the only one of three variables included in the model research, generated speed of adjustment (SOA) below 0.5 indicating smoothing dividend behavior. This research consistent with the free cash hypothesis, that the firm pay dividend from free cash flow to reduce agency conflict.Date
2016-06-07Type
ThesisIdentifier
oai:digilib.uin-suka.ac.id:21407http://digilib.uin-suka.ac.id/21407/1/12390033_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdf
http://digilib.uin-suka.ac.id/21407/2/12390033_BAB-II_sampai_SEBELUM-BAB-TERAKHIR.pdf
ULUL ASFIHAN, NIM. 12390033 (2016) PENGARUH EARNINGS, FREE CASH FLOW DAN KEPEMILIKAN INSTITUSIONAL TERHADAP KEBIJAKAN DIVIDENDS SMOOTHING PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX PERIODE 2010-2013. Skripsi thesis, UIN SUNAN KALIJAGA YOGYAKARTA.