Indonesia Conference Directory

This study aims to determine the effect of agency conflict on dividend policy on manufacturing companies listed on the Indonesia Stock Exchange in the period 2013-2017. This study uses secondary data with a sample of all manufacturing sector companies listed on the Indonesia Stock Exchange (IDX) in 2013-2017. The method used in the selection of this sample is the purposive sampling method. Samples collected in this study amounted to 6 (six) manufacturing companies in Indonesia including Astra International Tbk, Intan Wijaya International Tbk, Kalbe Farna Tbk, Selamat Sempurna Tbk, Mandom Indonesia Tbk and Pan Brother Tbk. This study uses multiple regression analysis tools with SPSS Version 23. The results of this study indicate that leverage and size have an effect on dividend policy. Institutional ownership, public ownership, foreign ownership, insider ownership and profit have no effect on dividend policy. This study proves that the five independent variables with three control variables can explain the effect of agency conflict on dividend policy. The five independent variables include leverage, insider ownership, institution ownership, public ownership, foreign ownership. Control variables which include size, profit, and growth.