Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
The Effect of Firm Location on Corporate Dividend Policy: Study in Indonesia Capital Market
Dublin Core
Title
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
The Effect of Firm Location on Corporate Dividend Policy: Study in Indonesia Capital Market
The Effect of Firm Location on Corporate Dividend Policy: Study in Indonesia Capital Market
Subject
Firm Location; Dividend Policy; Dividend Payout Ratio
Description
This research explored the effect of firm location in Indonesia on corporate dividend policy. The location variable in this research was represented by firm location in Jakarta, which is the capital city of the state, and firm location on Java, where three largest cities in Indonesia are situated. The empirical results of this research indicated that firms that are situated on Java Island had a tendency to have lower payout ratios than their counterparts off the island. Meanwhile, there were no empirical proofs showing that firms in Jakarta had different payout ratios. This depicts that firms that are situated beyond a financial hub have
the drive to pay more dividends to their shareholders, signaling the presence of greater
information asymmetry for such firms. The result still consistent after considering several robustness tests include, using alternative proxy for dividend policy , exclude crisis period and exclude upper and lower group in research sample.
the drive to pay more dividends to their shareholders, signaling the presence of greater
information asymmetry for such firms. The result still consistent after considering several robustness tests include, using alternative proxy for dividend policy , exclude crisis period and exclude upper and lower group in research sample.
Creator
Muhammad Saiful Hakim, Chih Liang Liu
Source
DOI: 10.26905/jkdp.v27i1.9355
Publisher
Universitas Merdeka Malang
Date
April 2023
Contributor
Sri Wahyuni
Rights
ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)
Format
PDF
Language
English
Type
Text
Coverage
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Files
Collection
Citation
Muhammad Saiful Hakim, Chih Liang Liu, “Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
The Effect of Firm Location on Corporate Dividend Policy: Study in Indonesia Capital Market,” Repository Horizon University Indonesia, accessed November 21, 2024, https://repository.horizon.ac.id/items/show/4898.
The Effect of Firm Location on Corporate Dividend Policy: Study in Indonesia Capital Market,” Repository Horizon University Indonesia, accessed November 21, 2024, https://repository.horizon.ac.id/items/show/4898.