Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend
This research examined the effect of stock liquidity on the propensity to pay dividend for 254 Indonesian public listed firms during the period of l 2011 and 2015. Stock liquidity implies transparency level and serves as market monitor for management performance in using the cash flow. Furthermore,...
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Departemen Manajemen FEB Universitas Airlangga
2019
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Online Access: | http://repository.unair.ac.id/101573/1/Rahmat%20Setiawan_Artikel10_Stock%20Liquidity.pdf http://repository.unair.ac.id/101573/2/Rahmat%20Setiawan_Peer%20Review%20010.pdf http://repository.unair.ac.id/101573/5/Rahmat%20Setiawan_Peer%20Review_Baru12_101573.pdf http://repository.unair.ac.id/101573/ https://e-journal.unair.ac.id/JMTT/article/view/14915 http://dx.doi.org/10.20473/jmtt.v12i3.14915 |
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id-langga.1015732021-07-19T02:19:45Z http://repository.unair.ac.id/101573/ Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend Rahmat Setiawan Nova Christiana Sanju Kumar Singh H Social Sciences HG Finance HG4551-4598 Stock exchanges This research examined the effect of stock liquidity on the propensity to pay dividend for 254 Indonesian public listed firms during the period of l 2011 and 2015. Stock liquidity implies transparency level and serves as market monitor for management performance in using the cash flow. Furthermore, this research examines the impact of stock liquidity on dividend payment in the presence of agency conflicts using agency proxies, wedge and government ownership. This paper employed multivariate probit regression. The baseline model has controlled for time in-variant and industry sectors. Robustness checks are employed to present consistent result for other stock liquidity measures. The results confirm the predicted dividend model outcome and prove the contradiction in dividend signaling theory. Departemen Manajemen FEB Universitas Airlangga 2019-12 Article PeerReviewed text en http://repository.unair.ac.id/101573/1/Rahmat%20Setiawan_Artikel10_Stock%20Liquidity.pdf text id http://repository.unair.ac.id/101573/2/Rahmat%20Setiawan_Peer%20Review%20010.pdf text en http://repository.unair.ac.id/101573/5/Rahmat%20Setiawan_Peer%20Review_Baru12_101573.pdf Rahmat Setiawan and Nova Christiana and Sanju Kumar Singh (2019) Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend. Jurnal Manajemen Teori dan Terapan, 12 (3). pp. 239-259. ISSN 1979-3650, eISSN 2548-2149 https://e-journal.unair.ac.id/JMTT/article/view/14915 http://dx.doi.org/10.20473/jmtt.v12i3.14915 |
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H Social Sciences HG Finance HG4551-4598 Stock exchanges Rahmat Setiawan Nova Christiana Sanju Kumar Singh Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
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This research examined the effect of stock liquidity on the propensity to pay dividend for 254 Indonesian public listed firms during the period of l 2011 and 2015. Stock liquidity implies transparency level and serves as market monitor for management performance in using the cash flow. Furthermore, this research examines the impact of stock liquidity on dividend payment in the presence of agency conflicts using agency proxies, wedge and government ownership. This paper employed multivariate probit regression. The baseline model has controlled for time in-variant and industry sectors. Robustness checks are employed to present consistent result for other stock liquidity measures. The results confirm the predicted dividend model outcome and prove the contradiction in dividend signaling theory. |
format |
Article PeerReviewed |
author |
Rahmat Setiawan Nova Christiana Sanju Kumar Singh |
author_facet |
Rahmat Setiawan Nova Christiana Sanju Kumar Singh |
author_sort |
Rahmat Setiawan |
title |
Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
title_short |
Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
title_full |
Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
title_fullStr |
Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
title_full_unstemmed |
Stock Liquidity, Financial Report Quality, Wedge, and The Propensity to Pay Dividend |
title_sort |
stock liquidity, financial report quality, wedge, and the propensity to pay dividend |
publisher |
Departemen Manajemen FEB Universitas Airlangga |
publishDate |
2019 |
url |
http://repository.unair.ac.id/101573/1/Rahmat%20Setiawan_Artikel10_Stock%20Liquidity.pdf http://repository.unair.ac.id/101573/2/Rahmat%20Setiawan_Peer%20Review%20010.pdf http://repository.unair.ac.id/101573/5/Rahmat%20Setiawan_Peer%20Review_Baru12_101573.pdf http://repository.unair.ac.id/101573/ https://e-journal.unair.ac.id/JMTT/article/view/14915 http://dx.doi.org/10.20473/jmtt.v12i3.14915 |
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