Dividend policy research proposal usaha
International peer-reviewed academic journals call for papers, http: Research Journal of Finance and Accounting www. Achsin2 Aji Dedi Mulawarman2 1. The research is done on firms listed dividend policy research proposal usaha Indonesia Stock Exchange. Sample is determined by purposive sampling, consisting of observations. The results of multivariate regression dividend policy research proposal usaha with panel data regression techniques show that dividends have positive effect on accounting conservatism.
These results deepen the empirical evidence for Agency Dividend policy research proposal usaha from Agency Conflict Type II and prove that accounting proposal usaha made by management on concentrated ownership is under the control of majority shareholders.
Therefore, majority shareholders can increase their proposal usaha through the hands of management. Introduction Accounting conservatism is defined as assessment principles in accounting affecting accounting practices for centuries and as an important convention in link reporting Sterling, ; Basu, ; Givoly and Hayn, and Watts, Accounting conservatism is seen as an effective way dividend policy research proposal usaha minimize the agency problem on dividend policy Ahmed et al.
Agency problem may occur because of the separation between proposal usaha and control on firm operations. By applying accounting conservatism, it can minimize earnings and net assets reported, thus usaha reduces the ability of managers dividend policy research proposal usaha take action in serving their own purposes. Research proposal researchers consider Agency Theory from proposal usaha conflict of interests perspective between shareholders and management on dividend policy.
Check dividend policy out agency conflict is less relevant to public firms in Indonesia, because of the concentrated ownership La Porta et al.
Concentrated ownership results the conflict of interest between majority and minority shareholders. Majority shareholders are able to control management in determining important policy for the firm La Porta et al.
Thus, the firm controller is majority shareholders, here the management as it is in the dispersed ownership Faccio and Lang, Majority shareholders may behave opportunistically by reducing the wealth transferred to minority shareholders when deciding on research proposal policy.
This condition is also supported by the dividend policy in Indonesia which is determined by shareholders through the General Meeting of Shareholders RUPS so that the amount of dividends depends on the decision of shareholders attending the RUPS.
However, they also have limitations on dividend policy due to regulations requiring firms to inform dividend policy plans in issued prospectus. Prospectus containing usaha href="/tim-doherty-masters-thesis.html">this dividend policy page policy dividend policy research proposal usaha expressed in exacting percentage of earnings. The range of planned dividend percentage should also be stated in the prospectus.
Majority shareholders can use their rights to control the management in order to minimize reported earnings generated by dividend policy research proposal usaha accounting conservatism.
This condition is explained by the argument of entrenchment effect. Previous researchers such as SiregarWidanaputra and Sanjayahave not examined the accounting conservatism with conflicts of interests as explanatory variable between majority and minority.
Accounting conservatism dividend policy research proposal usaha be utilized by insider to minimize the earnings and net assets reporting.
The remaining of this paper is organized as follows.
Dividend policy research 2 discusses study of literature and hypothesis development. Section 3 describes dividend policy research methodology, Section 4 presents the results of this study and proposal usaha is continued by section 5 with conclusion and recommendations.
Literature Review proposal usaha Hypothesis Development 2.
If the management has the job to control firm and the principal acts as capital dividend policy research proposal usaha, then the agency conflict occurs between shareholders /paying-to-write-essays-in.html management.
Agency conflict between shareholders and management can be reduced through concentrated ownership. Ownership concentration has power to control dividend policy research proposal usaha decisions.
However, it raises another problem, that is the problem between majority shareholders and minority shareholders Fan and Wong, Agency Problem II considers the minority shareholder as the principal.
Minority shareholders proposal usaha also called as dividend policy research proposal usaha.
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