PENGARUH LIQUIDITY, FOREIGN OWNERSHIP, DAN GOOD CORPORATE GOVERNANCE TERHADAP DIVIDEND POLICY

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Kevin Hans Setiawan
Nurainun Bangun

Abstract

The purpose of this study is to determine the effect of liquidity, foreign ownership, and
Good Corporate Governance on dividend policy on manufacturing companies that listed
on Indonesia Stock Exchange on 2017 – 2019. Sample was selected using purposive
sampling method and the valid data was 38 companies. Data processing techniques using
multiple regression analysis what helped by Eviews 12 program. The result of this study
stated that liquidity had a significant effect on dividend policy. While foreign ownership
and Good Corporate Governance didn’t have significant effect on dividend policy. This
study also stated that independent variable liquidity, foreign ownership, and Good
Corporate Governance simultaneously have a significant effect on dividend policy. The
implication of this study is the need to increase company’s liquidity to increase dividend
policy on the company.

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