Abstract :
ABSTRACT
Yenni. Analysis of the influence of Insider Ownership, Investment Opportunity
Set, Earning Per Share And the market against the risk of a dividend Policy
(under the guidance of Mrs. Delfi Panjaitan., S.E., M.Si., Ak., BKP., CA.)
This research aims to know the influence of insider ownership, investment
opportunity set, earning per share and market risk of Dividend policy. This study
uses secondary data and the population in this study were manufacture companies
listed in Indonesia Stock Exchange (BEI) The sample of this research is the
company that is in Kompas100. The sample of this research was extracted with
method of purposive sampling with 102 sample companies that adjusted with
determined criterias for 2011-2013. Data come from Indonesian Capital Market
Directory and Annual Report. Analysis Method by using multiple regression
analysis with ordinary least square uses t-statistic to examine partial regression
coefficient and F-Statistic to examine simultaneous effect. this research also
examine Normality, Multikolinearity, Heteroskedastisity, and Autocorrelation
Tests. The results show that not found deviations of classical assumption test. It
means that available data was conform with criterias of multiple regression
analysis. According to analysis indicates that variabel IOS and EPS has a positive
influence on Dividend policy. Variable Insider Ownership and market risk has a
negative influence on Dividend policy. While simultaneously insider ownership,
investment opportunity set, earning per share and market risk influence to
Dividend policy.
Keyword : Insider Ownership, Investment Opportunity Set, Earning Per Share, Market Risk, Dividend Policy