Martono S; Witiastuti, Rini Setyo; Wijaya, Angga Pandu - In: Journal of open innovation : technology, market, and … 6 (2020) 3/74, pp. 1-16
The purpose of this study is to test the free cash flow agency theory hypothesis; namely, (a) whether differences in industrial sector affect a company's propensity to pay dividends, and (b) whether institutional ownership is able to substitute for the propensity to pay dividends as a bonding...