ANALISIS FAKTOR YANG MEMPENGARUHI DIVIDEND POLICY DI SEKTOR PERDAGANGAN, JASA DAN INVESTASI

Article Sidebar

pdf
Published: Jan 15, 2024
DOI: https://doi.org/10.24912/jpa.v6i1.28545
Keywords:
dividend policy collateralizable assets managerial ownership leverage firm size

Main Article Content

Gabriella Gabriella
Widyasari Widyasari

Abstract

This research of this study is to discover the effect of collateralizable assets, managerial ownership, leverage, firm size, and investment opportunity on dividend policy in trading, service and investment sector companies listed on the Indonesia Stock Exchange in 2018-2020. Purposive sampling is used as a sampling technique in this study according to predetermined criteria so the sample in this study consisted of 18 companies for 3 periods and obtained 54 sample data. The research methodology used is statistical analysis method. Multiple linear regression analysis is used to test the hypothesis. Data processing in this study using Eviews 12.0 software. The results of this study indicate that firm size had positive and significant effects on dividend policy, while collateralizable assets, managerial ownership, leverage and investment opportunity had no effect on dividend policy.

Article Details

Issue
Vol. 6 No. 1 (2024): januari 2024
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 Komunikasi Creative Commons Attribution-ShareAlike 4.0 International License.

References

Angelia, Nia & Toni, Nagian. (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 Institute-Journal (BIRCI-Journal) Volume 3, No 2, Page: 902-910.

Arfan, M dan Maywindlan, T. (2013). Pengaruh Arus Kas Bebas, Collateralizable Assets, dan Kebijakan Utang terhadap Kebijakan Dividen pada Perusahaan yang Terdaftar di Jakarta Islamic Index. Jurnal Telaah & Riset Akuntansi, vol. 6 no. 2 Juli 2013, Hlm 194-208.

Gitman, L. J., & Joehnk, M. D. (2016). Fundamentals of Investing, Global Edition, Thirteenth Edition. London: Pearson.

Hanafi, M. M., & Halim, A. (2016). Analisis Laporan Keuangan. Edisi kelima. Jakarta: UPP STIM YKPN.

Mahfudhoh, R. U., & Cahyonowati, N. (2014). Analisis faktor-faktor yang mempengaruhi peringkat obligasi. Semarang: Doctoral dissertation, Fakultas Ekonomika dan Bisnis, Diponegoro University.

Mardani, R. M., Moeljadi, Sumiati, & Indrawati, N. K. (2018). Ownership Structure, Corporate Governance and Dividend Policy: Evidence from Indonesia. KnE Social Sciences, The 2018 International Conference of Organizational Innovation Volume 2018.

Miko, N. U., & Kamardin, H. (2015). Dividend Policy and Ownership Structure of Conglomerate Firms in Nigeria. Academic Journal of Interdisciplinary Studies, Vol. 4, No. 2: 279-286.

Rizqia., Aisjah., & Sumiati. (2013). Effect Of Profitability, Managerial Ownership, Firm Size, Investment Opportunity Set and Leverage on Dividend Policy. Research Journal of Finance and Accounting, 4(11).

Ross, S. A., Westerfield, R. W., Jordan, B. D., Lim, J., & Tan, R. (2015). Pengantar Keuangan Perusahaan Edisi Global Asia: Fundamentals of Corporate Finance. Jakarta: Salemba Empat.

Setiawan, M. R., Susanti, N., dan Nugraha, N.M. (2021). Pengaruh Perputaran Modal Kerja, Ukuran Perusahaan, dan Struktur Modal Terhadap Nilai Perusahaan. Owner: Riset Dan Jurnal Akuntansi, 5(1), 208–218. https://doi.org/10.33395/owner.v5i1.383.

Sudarmono, M.Y.I.M., & Khairunnisa. (2020). Pengaruh Profitabilitas, Leverage, dan Kesempatan Investasi terhadap Kebijakan Dividen. Jurnal Wawasan dan Riset Akuntansi, Vol. 7, No. 2, hal. 78-91.

Sumanti & Mangantar, Marjan. (2015). Analisis Kepemilikan Manajerial, Kebijakan Hutang, Dan Profitabilitas Terhadap Kebijakan Dividen Dan Nilai Perusahaan Pada Perusahaan Manufaktur Yang Terdaftar Di BEI. Jurnal EMBA, Vol. 3, No. 1. ISSN:2303-1174.

Wahjudi, Eko. (2018). Factors Affecting Dividend Policy in Manufacturing Companies in Indonesia Stock Exchange. Journal of Management Development, Vol.39, No.1. Hal 4-17.

Zainuddin & Manahonas, O. A. (2020). The Effect of Debt Policies, Liquidity, Profitability, and Managerial Ownership Structure on Dividend Policy. The Indonesian Journal of Accounting Research – Sept, Vol. 23, No.3.