IJEBMR
ISSN: 2456-7760

Title:
OWNERSHIP STRUCTURE, INTERNATIONAL FINANCIAL REPORTING STANDARDS, AND DIVIDEND POLICY - EVIDENCE OF INDONESIA

Authors:
Krismiaji, Budhi Purwantoro Jati, Indonesia

Abstract:
This research examined the impact of ownership structure and International Financial Reporting Standard (IFRS) implementation on dividend policy of Indonesian listed companies. This study uses 437companies listed in Indonesia Stock Exchanges in the period 2010-2013 as a sample using purposive sampling method. The data used in this study was secondary data obtained from the Indonesia Stock Exchange website. The study uses ownership structure and IFRS as independent variables with firm size, leverage and EPS as control variables, and dividend policy as a dependent variable. Ownership structure consists of ownership concentration and majority ownership. Majority ownership consists of governmental ownership, managerial ownership, family ownership, and foreign ownership. The analytical method used is multiple linear regressions. The results show that governmental ownership, managerial ownership, family ownership and foreign ownership negatively affect dividend policy, whereas concentrated ownership and IFRS implementation positively affect dividend policy.

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