MIX: Jurnal Ilmiah Manajemen (Nov 2017)

PENGARUH TATA KELOLA TERHADAP PRAKTIK EKSPROPRIASI DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL PEMODERASI

  • Dewi Diah Fakhriyyah,
  • Bambang Purnomosidhi,
  • Imam Subekti

Journal volume & issue
Vol. 7, no. 3

Abstract

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Abstract. The concentrated ownership structure that occurred in Indonesia led to the agency conflicts between the controlling shareholder and the non-controlling shareholder will lead expropriation. This study aims to examine the effect of governance on expropriation practices. In addition, the study also aims to examine the moderation role of dividend policy in strengthening the governance effect on expropriation practices. The results show that governance negatively affects the practice of expropriation and dividend policy can not strengthen the negative effect of governance on the practice of expropriation. This study contributes to the theory of agency type II which discusses conflicts between controlling and non-controlling shareholders, which can be overcome by the use of corporate governance mechanisms Keywords: governance, expropriation, dividend policy, related party transaction

Keywords