Pengaruh Cash Position, Leverage, dan Firm Growth Terhadap Kebijakan Dividen
Article Sidebar
Read Counter : 0
Download : 0
Main Article Content
Abstract
This study aims to find out the role of cash position, leverage, and firm growth on dividend policy in listed consumer cyclical and non-cyclical companies listed on the Indonesia Stock Exchange in 2019-2021. Purposive sampling was used to select the sample, and valid data came from 23 different companies. Multiple regression analysis is used in the data processing technique, which is aided by the SPSS (Statistical Product and Service Solution) program V26.0 and Microsoft Excel 365 The results of this study indicate that cash position has a positive and significant effect on dividend policy, while leverage and firm growth have no effect on dividend policy. The implication of this research is comprehending the importance of cash position, leverage, and firm growth in dividend policy to give investors confidence to invest their funds or 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
Bramaputra, E. D., Mustfitria, A., & Triastuti, Y. (2022). Pengaruh Likuiditas, Leverage, Pertumbuhan Perusahaan, dan Profitabilitas terhadap Kebijakan Dividen pada Perusahaan Manufaktur Makanan Minuman yang Terdaftar pada Bursa Efek Indonesia Periode 2013-2015. Jurnal Kajian Ekonomi & Bisnis Islam, 424-439.
Setiawan, E., Zamzany, F. R., & Amelia, N. F. (2018). CASH POSITION, DEBT TO EQUITY RATIO, RETURN ON ASSETDANFIRM SIZETERHADAPDIVIDENT PAYOUT RATIO. JURNAL NUSAMBA VOL.3NO.1, 78-87.
Agus, S. (2017 ). Manajemen Keuangan Teori dan Aplikasinya.(Edisi Empat). Yogyakarta : BPFE.
Hidayat, F. M. (2020). PENGARUH CASH POSITION FIRM SIZE DAN ASSET GROWTH TERHADAP KEBIJAKAN DIVIDEN PADA SEKTOR MANUFAKTUR. Jurnal Bisnis Manajemen & Ekonomi, 158-169.
Iswara, P. W. (2017). Pengaruh Rasio Likuiditas, Rasio Profitabilitas, Rasio Leverage, UkuranPerusahaan, dan Asset Growth terhadap Kebijakan Dividen(Studi Kasus pada Perusahaan Industri Manufaktur Sub Sektor Makanandan Minuman yang terdaftar di Bursa Efek Indonesia Periode 201. Jurnal Bisnis & Teknologi Politeknik NSC Surabaya, 33-47.
PATTIRUHU, J. R., & PAAIS, M. (2020). Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy. Journal of Asian Finance, Economics and Business, 35-42.
Permana, H. A., & Hidayati, M.M, L. N. (2016). ANALISIS PENGARUH LEVERAGE, LIKUIDITAS, PROFITABILITAS, PERTUMBUHAN PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI. JURNAL MANAJEMEN BISNIS INDONESIA (JMBI), 648-659.
Fajaria, A. Z., & Isnalita. (2018). The Effect of Profitability, Liquidity, Leverage and Firm Growth of Firm Value with its Dividend Policy as a Moderating Variable. International Journal of Managerial Studies and Research (IJMSR), 55-69.
Ramadani, D., & Jumono, S. (2020). Analysis of Cash Position Effect, Debt to Equity Ratio, Return on Assets, And Loan to Deposit Ratio, Net Call Money Over Pay-out Ratio Dividends. Journal of Multidisciplinary Academic, 176-182.
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, 1351-1360.
Adityo, W., & Heykal, M. (2020). ANALYSIS OF THE EFFECT OF PROFITABILITY,LIQUIDITY, LEVERAGE AND COMPANY GROWTH AGAINST DIVIDEND POLICY IN LQ-45 COMPANIES PERIOD 2015-2017. Journal of Applied Finance and Accounting, 9-16.
Deswanto Prabowo, M. A., & Alverina, C. (2020). Pengaruh Current Ratio, Debt to Equity Ratio, Return on Assets, Growth dan Firm Size terhadap Kebijakan Dividen: Studi pada Perusahaan yang Tercatat Aktif di BEI yang Membagikan Dividen Periode 2012-2015. Jurnal Akuntansi, 84-98.