Giri, Efraim Ferdinand (2008) Pengaruh Kebijakan Pembayaran Dividen Terhadap Informasi Asimetri Di Bursa Efek Indonesia. Jurnal Akuntansi & Manajemen, 19 (2). pp. 89-102. ISSN 0853-1259
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Pengaruh Kebijakan Pembayaran Dividen Terhadap Informasi Asimetri Di Bursa Efek Indonesia.pdf Download (895kB) |
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Abstract
Bid ask spread theory suggest a positive relationship between the level information asymmetry and the magnitude of the spread. As suggested by the agency and signalling theory for concentrated ownership, payment of dividends conveys information to the market and should reduces information asymmetry. Thus, dividend policy may influence the bid-ask spread. But most of companies listed in Jakarta Stock Exchange (now Indonesian Stock Exchange) have concentrated ownership. Maybe rent extraction theory more relevant for information asymmetry in Indonesia. Based on this reasoning, i explore the empirical proposition that a positive effect between dividend yield and bid-ask spread exists, cateris paribus. Evidence is consistent with this theory. Even though has positive Sign, spread is not affected by dividend cash information.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | bids-ask spread, information asymmetric |
| Subjects: | AKUNTANSI > Sistem Informasi Akuntansi |
| Divisions: | Dosen STIE YKPN > Artikel > Jurnal |
| Depositing User: | Unnamed user with email webmaster@stieykpn.ac.id |
| Date Deposited: | 03 Apr 2023 05:29 |
| Last Modified: | 08 Apr 2023 19:26 |
| URI: | http://repositorybaru.stieykpn.ac.id/id/eprint/854 |
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