Efek Informasi Asimetri Terhadap Kebijakan Dividen

Hadri Kusuma

Abstract

This research examines the influence of asymmetric information on dividend policy using an alternative explanation of pecking order theory for a sample of manufacturing firms listed on the Jakarta Stock Exchange between 2000 and 2004. The result of the tests indicates that dividends are negatively related to the level of asymmetric information. This finding is consistent with the theory of pecking order but does not provide a support for the signaling theory.

Keywords: asymmetric information, dividend, signaling theory, pecking order theory

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Jurnal Akuntansi dan Auditing Indonesia is currently indexed by:

         

JURNAL AKUNTANSI DAN AUDITING INDONESIA (JAAI)

ISSN 1410-2420 (print), 2528-6528 (online)
Published by Department of Accounting, Faculty of Economics, Universitas Islam Indonesia
Supported by IAI-KAPd (Ikatan Akuntan Indonesia - Kompartemen Akuntan Pendidik)

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JAAI pada http://journal.uii.ac.id/index.php/JAAI/ terlisensi oleh Creative Commons Attribution 4.0 International License.