FAKTOR – FAKTOR YANG MEMENGARUHI DIVIDEND POLICY PADA PERUSAHAAN CONSUMER GOODS
Main Article Content
Abstract
This study was conducted to determine the effect of free cash flow, firm size, current ratio, and return on equity to Dividend Policy on consumer goods companies listed on the Indonesia Stock Exchange during the period 2017-2020. The sample used in this study were 20 companies using purposive sampling technique. Valid data is as much as 80 data. This study performs data processing using the Eviews for Windows version 12 program and the data collection process using Microsoft Excel 2010. The results of the analysis show that the free cash flow, current ratio and return on equity variabels have a positive and significant effect on dividend policy, while the firm size variabel does not effect on dividend policy.
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
Ahmed, I. (2015). “Liquidity, Profitability and the Dividends Payout
Policy.” World Review of Business Research. Vol. 5 (2) : 73–85.
Ghi, T. N., & Ba. (2015). “The Impact of Capital Structure and Financial
Performance on Stock Returns of the Firms in Hose.” International
Journal of Information Research and Review. Vol. 2 (06) : 734–37.
Gul, S., Ullah, I., Gul, H., & Rasheed, S. (2020). The Factors Affecting Dividend Policy: Empirical Study from Pharmaceutical’s Companies in Pakistan (PSX). European Journal of Business and Management Research, 5(5). https://doi.org/10.24018/ejbmr.2020.5.5.464
Hery. (2017). Kajian Riset Akuntansi. Jakarta: PT Grasindo
Pattiruhu, J. R., & Paais, M. (2020). Pengaruh Likuiditas, Pofitabilitas, Leverage, dan Ukuran Perusahaan pada Kebijakan Dividen. Journal of Asian Finance, Economic and Business Vol 7 No 10, 035-042.
Krisardiyansah., & Amanah, L. (2020). Pengaruh free cash flow, profitabilitas, likuiditas dan leverage terhadap kebijakan dividen . Jurnal Ilmu dan Riset Akuntansi, 18.
Masruroh, R. N., Wijaya, A. L., & Widiasmara, A. (2019). "Pengaruh Corporate Governance, Free Cash Flow dan Investment Oppurtunity set terhadap Dividend Policy Ratio (Studi Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Pada Tahun 2012-2018)." SIMBA: Seminar Inovasi Manajemen, Bisnis, dan Akuntansi. Vol. 1. 2019.
Nerviana, R. (2015). “The Effect of Financial Ratios and Company Size on
Dividend Policy.” The Indonesian Accounting Review. Vol. 5 (1) : 23–
Novianto, A., & Asandramita, N. (2017). Pengaruh Profitabilitas, Likuiditas, Ukuran Perusahaan, Kepemilikan Manajerial, Dan Kebijakan Hutang Terhadap Kebijakan Dividen Pada Perusahaan Sektor Pertanian Yang Terdaftar Di Bei Periode 2013-2015. Jurnal Ilmu Manajemen (JIM), 5(3), 1-9.
Pirdayanti, P. D., & Wirama, D. G. (2019). Pengaruh Likuiditas, Kebijakan Utang, Pertumbuhan Perusahaan, Dewan Komisaris, dan Komite Audit Terhadap Kebijakan Dividen. E-Jurnal Akuntansi, 28(3), 1650–1666.
Victoria, W., & Viriany. (2019). Pengaruh Leverage, Profitability, Liquidity, Dan Firm Size Terhadap Kebijakan Dividen. Jurnal Paradigma Akuntansi, 1(4), 1085-1093.
Wasike, T. W. (2015). “Determinants of Dividend Policy in Kenya.” International Journal Of Arts And Entrepreneurship. Vol. 4 (11): 71–
Widyasti., & Putri. (2021). "The Effect of Profitability, Liquidity, Leverage, Free Cash Flow, and Good Corporate Governance on Dividend Policies (Empirical Study on Manufacturing Companies Listed in Indonesia Stock Exchange 2017-2019)." American Journal of Humanities and Social Sciences Research (AJHSSR) 5.1 (2021): 269-278.