Analysis Managerial Ownership, Free Cash Flow And Debt On Dividends For Transportation And Infrastructure Companies In Indonesia

Authors

  • Husaini Faculty of Economics and Business, University of Malikussaleh
  • Nurlela Faculty of Economics and Business, University of Malikussaleh
  • Marzuki Faculty of Economics and Business, University of Malikussaleh

DOI:

https://doi.org/10.29103/icospolhum.v3i.61

Keywords:

Dividend, Managerial, Ownership, FCF, Debt

Abstract

This study examines the effect of managerial ownership, free cash flow and debt on dividends in transportation and infrastructure companies in Indonesia. Sampling method use purposive and gotten 27 companies from 2015-2020. The data analysis method uses the Panel Data Regression analysis. The results of this study find that managerial ownership has a positive and significant effect, FCF has a negative and significant effect, while leverage proxy by DER has no significant effect on dividends. The results of this study indicate the occurrence of type I agency conflict in transportation and infrastructure companies in Indonesia.

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Published

2022-12-21