PENGARUH KEPEMILIKAN INSTITUSIONAL DAN KEPEMILIKAN PUBLIK TERHADAP KEBIJAKAN DIVIDEN (STUDI PADA PERUSAHAAN YANG LISTING DI BURSA EFEK INDONESIA PERIODE 2012-2015 SEKTOR MANUFAKTUR)

Abstract

Abstract: This research aimed to determine and analyze the effect of
institutional ownership and public ownership on dividend policy. The population in this
research is all manufacturing companies listed on the Indonesia Stock Exchange for the
period 2012-2015 that have data institutional ownership, public ownership and
dividend policy four consecutive years (2012-2015). Data are obtained from Indonesian
Capital Market Directory (ICMD) and website each company. The data analysis
technique used in this research is multiple linear regression with the help of SPSS
program. The results showed that institutional ownership and public ownership
simultan eously affect the dividend policy. Partially, institutional ownership negatively
affect dividend policy and public ownership do not affect the dividend policy.
Keywords: Institutional ownership, Public ownership, Dividend Policy