Recent Developments in Dividend Policy: Evidence from Indonesia

Abstract

This study is aims to describe the development of dividend policy research in Indonesia. This study analyze 7 accreditation journals in Indonesia from 2002– 2017 periods, there are 35 articles discussing about dividend policy. We have classified this article based on topics, research methods, models used, and de- scriptions of research results in Indonesia. The result obtained are mostly pub- lished in Jurnal Keuangan dan Perbankan (JKP) 11 articles out of 35 articles. The most of studied antecedent topics are financial ratios, ownership struc- tures, and capital structures while for the most consequenses topic is firm value. Overall, this research uses analytical method and the measurement of dividend policy most use dividend payout ratio. This research period in the articles ranged from an average 5,5 years. This research aimed to give perspective about re- searches that have been done in Indonesia about dividend policy and the re- search result can be used as reference for next research or others such as inves- tor and practicioner.