Proceedings of the Tegal International Conference on Applied Social Science & Humanities (TICASSH 2022)

Literature Review: Dividend Policy, Agency Theory and Corporate Governance

Authors
Tri Handayani1, 2, *, Hesti Widianti1, 3, Dwi Retna Sulistyawati1, 4, Rita Andini1
1PDIM UNISSULA, Semarang, Indonesia
2ITB ADIAS, Pemalang, Indonesia
3Politeknik Harapan Bersama, Tegal, Indonesia
4Universitas Islam Nahdlatul Ulama, Jepara, Indonesia
*Corresponding author. Email: thandayani@std.unissula.ac.id
Corresponding Author
Tri Handayani
Available Online 11 November 2022.
DOI
10.2991/978-2-494069-09-1_16How to use a DOI?
Keywords
Dividend policy; Agency theory; Corporate governance
Abstract

This article surveys three theories, about the share of company profit or profits that are distributed to shareholders, agency theory, and governance of a company also includes the relationship between the stakeholders involved and the objectives of the company’s management. Dividend policy is still an important issue that leads to agency conflicts. The payment of dividends is a form of agency conflict among the majority and the minority shareholders. In the meantime, the corporate governance mechanism can be a supervisory mechanism that will reduce agency conflicts. The results of this review explain that the yield model and replacement model need to be redeveloped with dividend policy, corporate governance characteristics and legal protection of investors with the result that varied and strong empirical evidence can be obtained.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the Tegal International Conference on Applied Social Science & Humanities (TICASSH 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
11 November 2022
ISBN
978-2-494069-09-1
ISSN
2352-5398
DOI
10.2991/978-2-494069-09-1_16How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

TY  - CONF
AU  - Tri Handayani
AU  - Hesti Widianti
AU  - Dwi Retna Sulistyawati
AU  - Rita Andini
PY  - 2022
DA  - 2022/11/11
TI  - Literature Review: Dividend Policy, Agency Theory and Corporate Governance
BT  - Proceedings of the Tegal International Conference on Applied Social Science & Humanities (TICASSH 2022)
PB  - Atlantis Press
SP  - 117
EP  - 123
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-494069-09-1_16
DO  - 10.2991/978-2-494069-09-1_16
ID  - Handayani2022
ER  -