This research purports to examine the effect of the dividend policy on individual and institutional ownership with the change on tax regulation as a moderating variable. Examination was done using moderated regression analysis (MRA). using a sample of 45 companies that listed on the BEI for the period of 2007-2010. The result of this study indicates that the dividend policy has a posi... https://ashleyshomestores.shop/product-category/4-piece-pub-set/