Since 2014
The Effect of Family Ownership and Control on Dividend Policy of Publicly Listed Firms in Indonesia and Malaysia
Indonesian Capital Market Review
View Archive Info| Field | Value | |
| Title |
The Effect of Family Ownership and Control on Dividend Policy of Publicly Listed Firms in Indonesia and Malaysia
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| Creator |
Laras Ayu; Faculty of Economics and Business Universitas Indonesia
Viverita Viverita; Faculty of Economics and Business Universitas Indonesia |
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| Subject |
family firm; family ownership; family control; dividend policy; crisis; Indonesia; Malaysia
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| Description |
The purpose of this study is to determine the influence of family ownership and family control ona firm’s dividend policy of publicly listed firms in Indonesia and Malaysia. This study applied thegeneralized least square panel data over 2003-2016 and considering the period of global financialcrisis 2008-2010. The results show that a firm with a higher percentage of family ownership paysmore dividend compared to non-family firms. The same effect applies to the percentage of familycontrol. In contrast, we found that higher debt levels will reduce the dividend payment. These findingsindicate that dividend distribution can be used as a policy to lessen agency problems of listed firms.
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| Publisher |
Management Research Center, Department of Management, Faculty of Economics and Business, U
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| Contributor |
—
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| Date |
2020-06-11
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| Type |
—
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| Format |
application/pdf
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| Identifier |
http://journal.ui.ac.id/index.php/icmr/article/view/12048
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| Source |
Indonesian Capital Market Review; Vol 12, No 1 (2020): January 2020; 1-11
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| Language |
en
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