FAKTOR YANG MEMPENGARUHI DIVIDEND POLICY PADA PERUSAHAAN MANUFAKTUR TAHUN 2018-2020
Main Article Content
Abstract
This study aims to determine the effect of total asset turnover, firm growth, profitability,
firm size on dividend policy in manufacturing companies in 2018-2020. The sample was
selected based on the purposive sampling method and the valid data were 21 companies.
The data processing technique in this study uses multiple regression analysis assisted by
Eviews version 12 and Microsoft Excel 2010. The results of this study indicate that total
asset turnover and profitability have a significant negative effect on dividend policy, while
firm growth and firm size have no significant effect on dividend policy. The implication of
this research is the importance of analyzing the prospects and performance of the company
in order to improve dividend policy and attract investors to invest.
Article Details
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Jurnal Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.
References
Aniyati, L., & Setyono, H. (2017). Pengaruh Rasio Keuangan Terhadap Kebijakan Deviden
(Studi Pada Perusahaan Real Estate Dan Property Yang Terdaftar Di Bursa Efek
Indonesia). Jurnal Fokus, vol 7 (1), 88-100.
Azhariyah, A., Witjaksono, A. D., & Hartono, U. (2021). The Effect of Profitability,
Leverage,Liquidity,Size and Company Growth on the Dividend Payout Ratio in the
Indonesian Capital Market 2013-2018. Budapest International Research and Critics
Institute-Journal (BIRCI-Journal), 4(1), e-ISSN: 2615-3076, 1351-1360.
Dewi, I. P., & Sedana, I. P. (2018). Faktor-faktor Yang Mempengaruhi Kebijakan Dividen
Pada Perusahaan Manufaktur Di Bursa Efek Indonesia. E-Jurnal Manajemen Unud,
(7), ISSN: 2302-8912, 3623-3652.
Firdaus, I., & Handayani, P. (2019). Pengaruh DER, TATO dan NPM Terhadap Kebijakan
Dividend (Studi Kasus Pada Industri Dasar dan Kimia yang Terdaftar Di Bursa Efek
Indonesia (BEI) Tahun 2012-2016). JAAF (Journal of Applied Accounting and
Finance), 3(1), 71-84.
Mui, Y. T., & Mustapha, M. (2016). Determinants of Dividend Payout Ratio: Evidence
from Malaysian Public Listed Firms. Journal of Applied Environmental and
Biological Sciences, 6(1S), ISSN: 2090-4274, 48-54.
Nurchaqiqi, R., & Suryarini, T. (2018). The Effect of Leverage and Liquidity on Cash
Dividend Policy with Profitability as Moderator Moderating. Accounting Analysis
Journal, 7(1), 10-16.
Parera, D. (2016). Pengaruh Net Profit Margin, Return on Asset, dan Debt to Equity
Terhadap Dividend Payout Ratio Pada Perusahaan Yang Tercatat Dalam Indeks
LQ45 Di BEI Periode 2009-2013. JURNAL EMBA: Jurnal Riset Ekonomi,
Manajemen, Bisnis dan Akuntansi, 4(2), 538-548.
Permanasari, M. (2017). Faktor-faktor Yang Mempengaruhi Kebijakan Dividen Pada
Perusahaan Non Keuangan Di Indonesia. Jurnal Bisnis dan Akuntansi, 19(1), ISSN:
-9875, 27-37.
Sari, M. R., Oemar, A., & Andini, R. (2016). Pengaruh Pertumbuhan Perusahaan, Ukuran
Perusahaan, Earning Pershare, Current Ratio, Return on Equity dan Debt Equity
Ratio Terhadap Kebijakan Dividen (Studi Pada Perusahaan Manufaktur di BEI
Tahun 2011-2014). Journal of Accounting, 2(2).
Setyaningsih, I. P., & Yuliana, I. (2020). Total Assets Turnover Against Dividend Payout
Ratio: The Role of Return On Assets Mediation. Jurnal Manajemen Indonesia,
(3), ISSN: 2502-3713, 206-214.
Sudiartana, I. P., & Yudantara, I. P. (2020). Pengaruh Ukuran Perusahaan, Likuiditas,
Profitabilitas dan Leverage Terhadap Kebijakan Dividen. JIMAT (Jurnal Ilmiah
Mahasiswa Akuntansi), 11(2), e-ISSN: 2614-1930.
Suharmanto, A., Widiyanti, H. M., & Taufik, H. (2019). Analysis of Financial Performance
and Opportunity of Investment on Dividend Policy with Profitability as Moderating
Variable in LQ45 Company Listed In Indonesia Stock Exchange. International
Journal of Scientific Research and Engineering Development, 2(1), ISSN: 2581-
, 183-197.
Surasmi, I. A., Widari, D. P., Warmana, G., & Widnyana, I. (2019). The Impact of
Business Risk on Dividend Policy in Manufacturing Companies Listed on Indonesia
Stock Exchange. Academy of Social Science Journals, 4(11), ISSN: 2456-2394,
-1493.
Tita., & Susanti, M. (2020). Faktor-faktor Yang Mempengaruhi Kebijakan Dividen Pada
Perusahaan Non Keuangan. Jurnal Multiparadigma Akuntansi Tarumanagara, 2
(4), 1425-1434.
Utami, E. S., & Gumanti, T. A. (2019). Analysis of Cash Dividend Policy in Indonesia
Stock Exchange. Investment Management and Financial Innovations, 16(3), ISSN:
-9358, 97-105.
Wahjudi, E. (2020). Factors affecting dividend policy in manufacturing companies in
Indonesia Stock Exchange. Journal of Management Development, 39(1), 4-17.
William., & Sha, T. L. (2020). Analisis Faktor-faktor Yang Mempengaruhi Kebijakan
Dividen Pada Perusahaan Manufaktur. Jurnal Multiparadigma Akuntansi
Tarumanagara, 2, 1652-1660.
______. (2021). Faktor-faktor Yang Mempengaruhi Kebijakan Dividen Pada Perusahaan
Manufaktur Yang Terdaftar Di BEI. Jurnal Multiparadigma Akuntansi, 3(1), 164-
Yusof, Y., & Ismail, S. (2016). Determinants of dividend policy of public listed companies
in Malaysia. Review of International Business and Strategy, 26(1), 88-99.