Do We Need a Regulation on Dividends for Indonesia Stock Exchange?
| Autor: | Eduardus Tandelilin, Leo Indra Wardhana |
|---|---|
| Rok vydání: | 2018 |
| Předmět: |
Economics and Econometrics
050208 finance G35 G32 05 social sciences Dividend policy Monetary economics lcsh:Business Dividend payment Stock exchange 0502 economics and business Dividend Dividend life-cycle Dividend policy propensity to pay dividends earned/contributed capital Indonesia Stock Exchange Business 050207 economics Business and International Management lcsh:HF5001-6182 Finance |
| Zdroj: | Gadjah Mada International Journal of Business, Vol 20, Iss 1, Pp 33-58 (2018) Gadjah Mada International Journal of Business; Vol 20, No 1 (2018): January-April; 33-58 |
| ISSN: | 2338-7238 1411-1128 |
| DOI: | 10.22146/gamaijb.25055 |
| Popis: | This study examines the dividend life-cycle hypothesis and the propensity of non-financial firms listed on the Indonesia Stock Exchange (IDX) to pay dividends, in light of a recent idea by the IDX to regulate dividend payments. Using several proxies of the life cycle, the results consistently show that Indonesian listed firms follow the dividend life-cycle hypothesis. Our results recommend that if the authority insists on regulating dividend payments, the regulation should take into account the firms’ life cycles. Firms should only be required to pay dividends when they reach a certain stage and/or meet defined characteristics, according to their stage or characteristics. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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