KONFLIK KEAGENAN DALAM PERSPEKTIF KEUANGAN KEPERILAKUAN

KONFLIK KEAGENAN DALAM PERSPEKTIF KEUANGAN KEPERILAKUAN

mental accounting, overconfidence, konflik keagenanKata Kunci: mental accounting, overconfidence, konflik keagenan

This study aims to provide a theoretical review of the relationship between mental accounting, overconfidence and agency conflict. Agency conflicts can be triggered because the management as an agent does not act in accordance with the interests of the company owners. Agency conflict can be explained through a behavioral financial perspective, namely mental accounting and overconfidence. Judging from the mental accounting aspect, investors may show different behavior on each post or account. In the context of dividend income, shareholders classify dividends as part of their current income account, so shareholders want dividends in a significant amount or amount and are paid regularly. Meanwhile, management as an agent who assumes more information will prioritize current income as a source of internal financing according to the pecking order theory perspective. In the perspective of overconfidence, agency conflict is triggered due to the tendency of company management to give excessive value to its ability to achieve goals, thereby ignoring the probability of risk occurring

Axel Giovanni1, Devi Wahyu Utami2, Umi Dwi Astuti3, Fania4

https://journals.telkomuniversity.ac.id/jaf/issue/view/212

Fakultas Ekonomi, Universitas Tidar, Magelang, Jawa Tengah Indonesia

Maret 2021

Fajar bagus W

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Indonesia

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