Determinants of Devidend Policy : Evidence from Indonesian Stock Exchange

Authors

  • Luluk Muhimatul Ifada Universitas Islam Sultan Agung
    Indonesia
  • Nurcahyono Universitas Muhammadiyah Semarang
    Indonesia

DOI:

https://doi.org/10.23917/reaksi.v9i1.2886

Keywords:

Dividend policy, tax avoidance, related party transactions, intellectual capital and managerial ownership

Abstract

This research aims to empirically test the relationship between tax avoidance, related party transactions and intellectual capital on dividend policy. Furthermore, this research also tests managerial ownership in moderating tax avoidance, related party transactions and intellectual capital on dividend policy. This type of research is a type of quantitative research using secondary data. The population in this study are real estate companies listed on the Indonesian Stock Exchange (BEI) during 2018-2022. The sampling technique in this research used a purposive sampling technique. Analysis of research data uses moderate regression analysis. The results of this research show that (1) tax avoidance influences dividend policy, (2) related party transactions have a positive influence on dividend policy, (3) intellectual capital influences dividend policy, (4) managerial ownership weakens the relationship between tax avoidance and policy. dividends, (5) Good corporate governance can moderate and strengthen the influence of related party transactions on cash dividends, (6) moderate managerial ownership and strengthen intellectual capital on dividend policy

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Submitted

2023-10-03

Accepted

2024-05-31

Published

2023-05-15