Leverage and Dividend Policy: Evidence from the Indonesian Stock Exchange

Aims: This research aims to determine the effect of ownership based on managerial and institutional leverage corporate dividends.
 Study Design: We analyzed correlation between dividends interaction in several companies listed Indonesian Stock Exchange.
 Methodology: Some hypotheses were created then tested using an equation model. equations used this model can generate system that describe variables' dependencies. Furthermore, two-stage least square (TSLS) method was as estimation technique.
 Results: A high level decrease dividend payments. Also, external capital is needed increase payments achieve asset growth.
 Conclusion: In contrast, sales growth leverage, but increased profitability may lower Using force means reducing provides information data a basis for consideration, support, sources thought management decision-makers improve company performance business development. implies use it reference making financial decisions about company's strategy its have competitive advantage avoid distress.