Determinasi Kepemilikan Manajerial dan Institusi terhadap Kebijakan Dividen pada Perbankan Syariah di Indonesia

Authors

  • Setiawan Setiawan Jurusan Akuntansi, Politeknik Negeri Bandung

DOI:

https://doi.org/10.35313/jaief.v5i1.6388

Keywords:

dividend policy, managerial ownership, institutional ownership, Islamic banking, bank size

Abstract

This study examines the impact of managerial and institutional ownership on dividend policy in Indonesia’s Islamic banking sector. Managerial and institutional ownership serve as independent variables, with dividend policy, proxied by the Dividend Payout Ratio (DPR), as the dependent variable. Control variables include Return on Assets (ROA), bank size, bank age, and asset growth. The findings indicate that neither managerial nor institutional ownership significantly impacts dividend policy, suggesting that manager-owners are more likely to retain earnings to support long-term growth, while institutional investors prefer capital gains over cash dividends. Bank size shows a significant positive effect on DPR, indicating that larger banks tend to distribute a higher proportion of profits as dividends. These results align with theories suggesting that firms with higher funding needs retain earnings for reinvestment, supporting prior studies that managerial and institutional ownership are not significant determinants of dividend policy in Islamic banking.

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Published

2024-10-31

How to Cite

Setiawan, S. (2024). Determinasi Kepemilikan Manajerial dan Institusi terhadap Kebijakan Dividen pada Perbankan Syariah di Indonesia. Journal of Applied Islamic Economics and Finance, 5(1), 103–113. https://doi.org/10.35313/jaief.v5i1.6388