FAKTOR-FAKTOR YANG MEMPENGARUHI DIVIDEND POLICY DENGAN PROFITABILITY SEBAGAI VARIABEL MODERASI
Main Article Content
Abstract
This study aims to determine the effect of liquidity and total asset turnover on dividend
policy with profitability as a moderating variable in manufacturing companies listed in the
Indonesian Stock Exchange in 2018-2020. The sample was selected using the purposive
sampling method, and the valid data were 39 companies. The data processing technique in
this study uses multiple regression analysis assisted by Eviews version 12 and Microsoft
Excel 2010. This study indicates that liquidity and total asset turnover have an insignificant
negative impact on dividend policy. Profitability doesn't moderate the effect of liquidity on
dividend policy. However, profitability can moderate the effect of total asset turnover on
dividend policy. The implication of this research is to know the importance of analyzing the
company's performance to improve dividend policy and attract investors to invest.
Article Details
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