PENGARUH KEBIJAKAN DIVIDEN, LEVERAGE, KEPEMILIKAN INSTITUSIONAL DAN KEPEMILIKAN MANAJERIAL TERHADAP BIAYA KEAGENAN PADA EMITEN DI BURSA EFEK INDONESIA TAHUN 2017-2018

Abstract

The parties in the company that have different interests cause agency conflict. Agency conflict can cause to agency costs. Dividend policy, leverage, institutional ownership and managerial ownership one of can influence agency costs. This study aimed to examine the effect of dividend policy, leverage, institutional ownership and managerial ownership on agency cost in all companies listed on the Indonesia Stock Exchange in 2017-2018. The sample in this study amounted to 64 companies with a total of 560 companies. Determination of the sample using purposive sampling method. The analysis technique used is multiple linear regression analysis. The results of this study indicate that leverage and managerial ownership positive effect on agency cost,while dividend policy and institutional ownership has no effect on agency cost.