Analisis Growth, Leverage, Liquidity, Profitability yang Mempengaruhi Kebijakan Dividen pada Subsektor Perbankan Tahun 2015-2021

Article Sidebar

PDF
Published: Oct 31, 2023
DOI: https://doi.org/10.24912/jmk.v5i4.26957
Keywords:
growth leverage liquidity profitability kebijakan dividen dividend policy

Main Article Content

Evander Hendri
Universitas Tarumanagara
Sawidji Widoatmodjo
Universitas Tarumanagara

Abstract

Tujuan penelitian ini adalah untuk mengetahui pengaruh Growth, Leverage, Liquidity dan Profitability terhadap kebijakan dividen di subsektor perbankan. Data yang digunakan merupakan data sekunder dan metode yang digunakan adalah analisis regresi data panel dengan bantuan program Eviews12. Teknik pengambilan sampel yang digunakan yaitu nonprobability sample dengan metode pengambilan sampel purposive sampling. Sampel ini terdiri dari 7 perusahaan yang memiliki laporan keuangan lengkap dan terdaftar di Bursa Efek Indonesia selama 2015-2021. Hasil penelitian ini adalah Growth berpengaruh positif dan tidak signifikan  terhadap kebijakan dividen di Subsektor Perbankan. Leverage berpengaruh negatif signifikan terhadap kebijakan dividen di Subsektor Perbankan. Liquidity berpengaruh tidak signifikan positif terhadap kebijakan dividen di Subsektor Perbankan. Profitability berpengaruh negatif tidak signifikan terhadap kebijakan dividen di Subsektor Perbankan.
 

The purpose of this study was to see the effect of growth, leverage, liquidity, and profitability on the policy of distribution in the banking sub-sector. The data used are secondary data and the method used is panel data regression analysis with the help of the Eviews12 program. The sampling technique used is nonprobability sample with purposive sampling method. This sample consists of 7 companies that have complete financial reports and are listed on the Indonesian stock exchange during 2015-2021. The results of this study are growth has a positive and insignificant effect on dividend policy in the Banking subsector. Leverage has significant negative effect on dividend policy in the Banking Subsector. Liquidity has a positive and insignificant effect on dividend policy in the Banking subsector. Profitability has no significant negative effect on dividend policy in the Banking Subsector.

Article Details

Issue
Vol. 5 No. 4 (2023): Jurnal Manajerial dan Kewirausahaan
Section
Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.

This work is licensed under a Jurnal Muara Ilmu Ekonomi dan Bisnis Creative Commons Attribution-ShareAlike 4.0 International License.,/p>

Author Biographies

Evander Hendri, Universitas Tarumanagara

Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara Jakarta

Sawidji Widoatmodjo, Universitas Tarumanagara

Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara Jakarta

References

Ahmed, I. E. (2015). Liquidity, Profitability and the Dividends Payout Policy. World Review of Business Research, 5(2), 73–85. https://www.researchgate.net/publication/336871172

Angelia, N. & Toni, N. (2020). The Analysis of Factors Affecting Dividend Policy in Food and Beverage Sector Manufacturing Companies Listed in Indonesia Stock Exchange in 2015-2017. Budapest International Research and Critics InstituteJournal (BIRCI-Journal). P. 902-910.

Dionne, G. & Ouederni, K. (2011). Corporate risk management and dividend signaling theory. Finance Research Letters, 8(4), 188-195. https://doi.org/10.1016/j.frl.2011.05.002

Gordon, Myron J. (1963). Optimal Investment and Financing Policy.Journal of Finance.264-272.

Hafeez, A., & Yasmin, A. J. (2008). Dynamics and determinants of dividend policy in Pakistan(evidence from Karachi stock exchange non-financial listed firms). International Research Journal of Finance and Economics, 1(25), 1–16.

Kasmir. (2017). Analisis Laporan Keuangan. Jakarta: PT RajaGrafindo Persada.

Sartono, A. (2010), Manajemen Keuangan “Teori Dan Aplikasi”, Edisi Keempat, BPFE, Yogyakarta.

Spence, M. (1973), Job marketing signailing, The Quarterly Journal of Economics, 87(3), 355-374.

Wahjudi, E. (2019). Factors affecting dividend policy in manufacturing companies in Indonesia Stock Exchange. Journal of Management Development, 39(1), 4–17. https://doi.org/10.1108/JMD-07-2018-0211

Widjaja, I., Zainul, A., & Setini, M. (2020). The effects of financial literacy and subjective norms on saving behavior. Management Science Letters, 10, 3635–3642. https://doi.org/10.5267/j.msl.2020.6.030

Widoatmodjo, S. (2015). Pengetahuan Pasar Modal untuk Konteks Indonesia. Elex Media Komputindo.