Determinants of Dividend Policy of Real Estate, Property, and Building Construction Companies Listed in IDX with Unbalanced Panel Data Approach
Downloads
Agyei, S. K., & Marfo-Yiadom, E. (2011). Dividend Policy and Bank Performance in Ghana. International Journal of Economics and Finance, 3(4), 202–207. https://doi.org/10.5539/ijef.v3n4p202
Al-Ajmi, J., & Hussain, H. A. (2011). Corporate dividends decisions: evidence from Saudi Arabia. Journal of Risk Finance, 12(1), 41–56. https://doi.org/10.1108/15265941111100067
Alzomaia, T. S. F., & Al-Khadhiri, A. (2013). Determination of Dividend Policy: The Evidence from Saudi Arabia. International Journal of Business and Social Science, 4(1), 181–192. Retrieved from www.ijbssnet.com
Arfan, M., & Maywindlan, T. (2013). Pengaruh Arus Kas Bebas, Collateralizable Assets, Dan Kebijakan Utang Terhadap Kebijakan Dividen Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index. Jurnal Telaah Dan Riset Akuntansi, 6(2), 194–208.
Asif, A., Rasool, W., & Kamal, Y. (2011). Impact of financial leverage on dividend policy: Empirical evidence from Karachi Stock Exchange-listed companies. African Journal of Business Management, 5(4), 1312–1324. https://doi.org/10.5897/AJBM10.838
Auditta, I. G., Sutrisno, & Achsin, M. (2014). Pengaruh Agency Cost Terhadap Kebijakan. Jurnal Aplikasi Manajemen, 12(2), 284–294.
Badu, E. A. (2019). Determinants of Dividend Payout Policy of listed Financial Institutions in Ghana. Business, Management and Economics Research, 4(59), 134–141. https://doi.org/10.32861/bmer.59.134.141
Black, F. (1976). The dividend puzzle. Journal of Portfolio Management, 5(8), 8–12. https://doi.org/10.3905/jpm.1996.008
Delikartika, L., & Ferry. (2017). Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen Perusahaan Non Keuangan Yang Terdaftar Di BEI. JRAK: Jurnal Riset Akuntansi Dan Komputerisasi Akuntansi, 19(4), 256–265. https://doi.org/10.33558/jrak.v8i1.882
Diantini, O., & Badjra, I. (2016). Pengaruh Earning Per Share, Tingkat Pertumbuhan Perusahaan Dan Current Ratio Terhadap Kebijakan Dividen. E-Jurnal Manajemen Universitas Udayana, 5(11), 6795–6824.
Gujarati, D. N., & Porter, D. C. (2011). Basic Econometrics (5th ed.). Boston, Mass: McGraw-Hill.
Hart, O., & Zingales, L. (2017). Companies should maximize shareholder welfare not market value. Journal of Law, Finance, and Accounting, 2(2), 247–274. https://doi.org/10.1561/108.00000022
Jensen, M. C., & Meckling, W. H. (1976). THEORY OF THE FIRM: MANAGERIAL BEHAVIOR, AGENCY COSTS AND OWNERSHIP STRUCTURE. Journal of Financial Economics, 3, 305–320.
Kaźmierska-Jóźwiak, B. (2015). Determinants of Dividend Policy: Evidence from Polish Listed Companies. Procedia Economics and Finance, 23(October 2014), 473–477. https://doi.org/10.1016/s2212-5671(15)00490-6
Kencana, M. R. B. (2019). Pertumbuhan Industri Properti yang Cepat Berdampak Besar ke Ekonomi. Www.Liputan6.Com, pp. 19–21. Retrieved from https://www.liputan6.com/bisnis/read/4065907/pertumbuhan-industri-properti-yang-cepat-berdampak-besar-ke-ekonomi
Lainun, H., Tinungki, G. M., & Amran, A. (2018). Perbandingan Penduga M, S, dan MM pada Regresi Linier dalam Menangani Keberadaan Outlier. Jurnal Matematika Statistika Dan Komputasi, 15(1), 88–96. https://doi.org/10.20956/jmsk.v15i1.4427
Leary, M. T., & Michaely, R. (2011). Determinants of dividend smoothing: Empirical evidence. Review of Financial Studies, 24(10), 3197–3249. https://doi.org/10.1093/rfs/hhr072
Maldajian, C., & El Khoury, R. (2014). Determinants of the Dividend Policy: An Empirical Study on the Lebanese Listed Banks. International Journal of Economics and Finance, 6(4), 240–256. https://doi.org/10.5539/ijef.v6n4p240
Mardasari, R. B. (2014). Pengaruh Insider Ownership, Kebijakan Hutang Dan Free Cash Flow Terhadap Nilai Perusahaan Melalui Kebijakan Dividen. Jurnal Ilmu Manajemen, 2(4), 1807–1820.
Masdupi, E. (2012). Pengaruh Insider Ownership, Struktur Modal, dan Pertumbuhan Perusahaan terhadap Kebijakan Deviden Perusahaan Syariah yang Terdaftar di Bursa Efek Indonesia. Economac, 12(1), 9–14.
Meilita, W., & Rokhmawati, A. (2017). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, Kepemilikan Individu, Kebijakan Hutang dan Dividen Tahun Sebelumnya Berpengaruh Terhadap Kebijakan Dividen. Jurnal Tepak Manajemen Bisnis, IX(2), 215–232.
Muchtar, S., Hartono, P. G., & Sari, W. R. (2020). The Effect of Corporate Governance on Sharia Corporate Performance in Indonesia. Advances in Economics, Business and Management Research, 151(International Conference on Management, Accounting, and Economy (ICMAE 2020)), 192–196. https://doi.org/10.2991/iac-17.2018.49
Nurhayati, M. (2013). PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN PENGARUHNYA TERHADAP KEBIJAKAN DIVIDEN DAN NILAI PERUSAHAAN SEKTOR NON JASA. Jurnal Keuangan Dan Bisnis, 5(2), 144–153.
Oktaviani, L., & Basana, S. R. (2015). Analisa Faktor-Faktor yang Mempengaruhi Kebijakan Dividen (Studi Kasus Perusahaan Manufaktur 2009-2014). Journal of Research in Economics and Management, 15(02), 361–370. Retrieved from https://www.jrem.iseisby.or.id/index.php/id/article/download/28/26
Parsian, H., & Koloukhi, A. S. (2014). A study on the effect of free cash flow and profitability current ratio on dividend payout ratio: Evidence from Tehran Stock Exchange. Management Science Letters, 4, 63–70. https://doi.org/10.5267/j.msl.2013.11.033
Patra, T., Poshakwale, S., & Ow-Yong, K. (2012). Determinants of corporate dividend policy in Greece. Applied Financial Economics, 22(13), 1079–1087. https://doi.org/10.1080/09603107.2011.639734
Pratiwi, R., Siswanto, E., & Istanti, L. (2016). PengaruhReturn On Equity,Debt To Equity Ratiodan UmurPerusahaan Terhadap Kebijakan Dividen (Studi pada PerusahaanManufaktur yang Terdaftar di BEI Tahun 2014). Ekonomi Bisnis, 21(2), 136–145. https://doi.org/10.17977/um042v21i2p136-145
Pribadi, A. S., & Sampurno, R. D. (2012). Analisis Pengaruh Cash Position, Firm Size, Growth Opprtunity, Ownership, dan Return on asset terhadap Dividend Payout Ratio. Diponegoro Journal of Management, 1(4), 201–211. Retrieved from https://ejournal3.undip.ac.id/index.php/djom/article/view/800/774
Ramli, M. R., & Arfan, M. (2011). Pengaruh Laba, Arus Kas Bebas Dan Pembayaran Dividen Kas Sebelumnya Terhadap Dividen Kas Yang Diterima Oleh Pemegang Saham (Studi Pada Perusahaan Manufaktur Terdaftar Di Bursa Efek Indonesia). Jurnal Telaah & Riset Akuntansi, 4(2), earnings, operating cash flow, free cash flow, and. https://doi.org/10.17509/jaset.v4i2.10089
Ranajee, R., Pathak, R., & Saxena, A. (2018). To pay or not to pay: what matters the most for dividend payments? International Journal of Managerial Finance, 14(2), 230–244. https://doi.org/10.1108/IJMF-07-2017-0144
Rehman, A. (2012). DETERMINANTS OF DIVIDEND PAYOUT RATIO: EVIDENCE FROM KARACHI STOCK EXCHANGE (KSE). Journal of Contemporary Issues in Business Research, 1(1), 20–27. https://doi.org/10.1177/1744987112460362
Rita, M. R., & Sarquella, L. (2010). PENGARUH CORPORATE GOVERNANCE TERHADAP PERINGKAT OBLIGASI DAN YIELD OBLIGASI. Jurnal Manajemen Dan Keuangan, 8(1), 59–71.
Rizqia, D. A., Aisjah, S., & Sumiati. (2013). Effect of Managerial Ownership , Financial Leverage , Profitability , Firm Size , and Investment Opportunity on Dividend Policy and Firm Value. Research Journal of Finance and Accounting, 4(11), 120–130.
Saleem, Q., & Rehman, R. U. (2011). Impacts of liquidity ratios on profitability (Case of oil and gas companies of Pakistan). Interdisciplinary Journal of Research in Business, 1(7), 95–98.
Sari, K. N., & Sudjarni, L. (2015). Pengaruh Likuiditas, Leverage, Pertumbuhan Perusahaan, Dan Profitabilitas Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur Di Bei. E-Jurnal Manajemen Universitas Udayana, 4(10), 3346–3374.
Sari, N. N., & Yusra, I. (2018). ANALISIS LIKUIDITAS, LEVERAGE DAN KEBIJAKAN DIVIDEN BERDASARKAN SIKLUS HIDUP PERUSAHAAN PADA SAHAM LQ45. INA-Rxiv, 1–16. https://doi.org/10.17605/OSF.IO/UGKF5
Sari, W. R. (2017). Dividend policy of Indonesian state-owned enterprises. Telaah Bisnis, 18(1), 33–44.
Sari, W. R., & Matusin, A. R. (2019). Net Income and CSR Disclosure as Predictors Shares Price and Return per Share. Jurnal Dinamika Manajemen, 10(1), 81–91. https://doi.org/10.15294/jdm.v10i1.18946
Sekaran, U., & Bougie, R. (2016). Reserach Methods for Bussiness A Skill-Bulding Approach (7th ed.). London: John Wiley & Sons.
Sharma, R. K., & Bakshi, A. (2019). An evident prescience of determinants of dividend policy of Indian real estate companies: An empirical analysis using co-integration regression and generalised method of moments. Journal of Financial Management of Property and Construction, 24(3), 358–384. https://doi.org/10.1108/JFMPC-02-2019-0012
Silaban, D., & Purnawati, N. (2016). Pengaruh Profitabilitas, Struktur Kepemilikan, Pertumbuhan Perusahaan Dan Efektivitas Usaha Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur. E-Jurnal Manajemen Universitas Udayana, 5(2), 1251–1281.
Singla, H. K., & Samanta, P. K. (2018). Determinants of dividend payout of construction companies: a panel data analysis. Journal of Financial Management of Property and Construction, 24(1), 19 – 38. https://doi.org/10.1108/JFMPC-06-2018-0030
Tahir, M., & Mushtaq, M. (2016). Determinants of Dividend Payout: Evidence from listed Oil and Gas Companies of Pakistan. The Journal of Asian Finance, Economics and Business, 3(4), 25–37. https://doi.org/10.13106/jafeb.2016.vol3.no4.25
Tinungki, G. M. (2019). Orthogonal iteration process of determining K value on estimator of Jackknife ridge regression parameter. Journal of Physics: Conference Series, 1341(9). https://doi.org/10.1088/1742-6596/1341/9/092001
Wilburn, K., & Wilburn, R. (2014). The double bottom line: Profit and social benefit. Business Horizons, 57(1), 11–20. https://doi.org/10.1016/j.bushor.2013.10.001
Yusof, Y., & Ismail, S. (2016). Determinants of dividend policy of public listed companies in Malaysia. Review of International Business and Strategy, 26(1), 88–99. https://doi.org/10.1108/RIBS-02-2014-0030
Zutter, C. J., & Smart, S. B. (2019). Principles of Managerial Finance (15th ed.). London: Pearson.
Copyright notice:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access)