Abstract: Every management and investor at a different level of information on a company. This study aims to examine the results of whether institutional ownership moderates the influence of information asymmetry on dividend policy in the consumer goods industry manufacturing companies listed on the Indonesia Stock Exchange 2016-2017. The number of samples in this study was taken as many as 38 companies by doing nonprobability sampling using a purposive sampling approach. The data analysis technique used is the Moderated Regression Analysis (MRA) test. Based on the results of the test, it is known that information asymmetry has a significant negative effect on dividend policy, whereas institutional ownership is not able to strengthen the influence of information asymmetry on dividend policy.
Keywords: Dividend Policy, Information Asymmetry, Institutional Ownership.
Title: EFFECT OF INFORMATION ASYMMETRY IN DIVIDEND POLICY WITH INSTITUTIONAL OWNERSHIP AS MODERATING VARIABLES
Author: A.A. Sagung Ani Pradnyadewi Krisna, I Dewa Nyoman Badera, Ni Gst. Putu Wirawati, Ketut Alit Suardana
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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