Free Cash Flow, Dividend Policy, Investment Opportunity Set, Opportunistic Behavior and Firm's Value (A Study About Agency Theory)

被引：3

作者：

Giriati ^{[1
]}

机构：

[1] Univ Tanjungpura, Fac Econ, Pontianak 78124, West Kalimantan, Indonesia

来源：

3RD GLOBAL CONFERENCE ON BUSINESS AND SOCIAL SCIENCES (GCBSS-2016) ON CONTEMPORARY ISSUES IN MANAGEMENT AND SOCIAL SCIENCES RESEARCH | 2016年 / 219卷

关键词：

Free Cash Flow; Investment Opportunity Set; Opportunistic Behavior of Manager; Dividend Payout Ratio; Firm's Value; INFORMATION ASYMMETRY; COSTS;

D O I：

10.1016/j.sbspro.2016.05.013

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This article aims to analyze the influence of Free Cash Flow (DCF), Dividend Payout Ratio (DPR), Investment Opportunity Set (IOS) and the Opportunistic Behavior of managers to the Value of the Firm. This study on the Indonesian Stock Exchange (BEI) by using Ordinary Least Square technique. The analysis showed that the independent variables FCF has no effect on Dividend Payout Ratio, FCF and IOS has no effect on Dividend Payout Ratio, Free Cash Flow has an effect on IOS. While, IOS, Dividend Payout Ratio and Opportunistic Behavior Manager affect the value of the firms. (C) 2016 The Authors. Published by Elsevier Ltd.

引用

页码：248 / 254

页数：7

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