Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange

The research objective is to analyze the effect of liquidity, leverage, and profitability on a dividend policy. The objects used are companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique used is purposive sampling. Based on the predetermined criteria, the sample obtai...

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Main Authors: Dahlia Br Pinem, Bernadin Dwi M, Munasiron Miftah, Marlina Tanjung, Nani Ariani
Format: Article
Language:English
Published: Indonesian Institute for Counseling, Education and Therapy (IICET) 2023-12-01
Series:JPPI (Jurnal Penelitian Pendidikan Indonesia)
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Online Access:https://jurnal.iicet.org/index.php/jppi/article/view/2335
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author Dahlia Br Pinem
Bernadin Dwi M
Munasiron Miftah
Marlina Tanjung
Nani Ariani
author_facet Dahlia Br Pinem
Bernadin Dwi M
Munasiron Miftah
Marlina Tanjung
Nani Ariani
author_sort Dahlia Br Pinem
collection DOAJ
description The research objective is to analyze the effect of liquidity, leverage, and profitability on a dividend policy. The objects used are companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique used is purposive sampling. Based on the predetermined criteria, the sample obtained was 117 companies in the observation period for three years, thus in this study using 351 sample data were obtained. The dependent variable is dividend policy using the Dividend Payout Ratio (DPR), instead, the independent variable includes liquidity using the Current Ratio (CR), leverage measurements using the Debt-to-Equity Ratio (DER), and also profitability using Return on Equity (roe). The data in the study was then analyzed using the data regression analysis panel assisted by the E-Views 12 program which has a significance level of 5%. The results have shown that (1) liquidity does not affect dividend policy, (2) leverage has an effect on dividend policy, and (3) profitability has an influence on dividend policy.
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language English
publishDate 2023-12-01
publisher Indonesian Institute for Counseling, Education and Therapy (IICET)
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series JPPI (Jurnal Penelitian Pendidikan Indonesia)
spelling doaj-art-0602697686804d82beafb6c2fbc4cb052025-01-27T12:24:50ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032023-12-019434034610.29210/0202323351745Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock ExchangeDahlia Br Pinem0Bernadin Dwi M1Munasiron Miftah2Marlina Tanjung3Nani Ariani4Faculty of Economics and Business, Jakarta Veterans National Development UniversityFaculty of Economics and Business, Jakarta Veterans National Development UniversityFaculty of Economics and Business, Jakarta Veterans National Development UniversityFaculty of Economics and Business, Jakarta Veterans National Development UniversityFaculty of Economics and Business, Jakarta Veterans National Development UniversityThe research objective is to analyze the effect of liquidity, leverage, and profitability on a dividend policy. The objects used are companies listed on the Indonesia Stock Exchange in 2018-2020. The sampling technique used is purposive sampling. Based on the predetermined criteria, the sample obtained was 117 companies in the observation period for three years, thus in this study using 351 sample data were obtained. The dependent variable is dividend policy using the Dividend Payout Ratio (DPR), instead, the independent variable includes liquidity using the Current Ratio (CR), leverage measurements using the Debt-to-Equity Ratio (DER), and also profitability using Return on Equity (roe). The data in the study was then analyzed using the data regression analysis panel assisted by the E-Views 12 program which has a significance level of 5%. The results have shown that (1) liquidity does not affect dividend policy, (2) leverage has an effect on dividend policy, and (3) profitability has an influence on dividend policy.https://jurnal.iicet.org/index.php/jppi/article/view/2335dividend policy, liquidity, leverage, and profitability
spellingShingle Dahlia Br Pinem
Bernadin Dwi M
Munasiron Miftah
Marlina Tanjung
Nani Ariani
Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
JPPI (Jurnal Penelitian Pendidikan Indonesia)
dividend policy, liquidity, leverage, and profitability
title Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
title_full Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
title_fullStr Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
title_full_unstemmed Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
title_short Analysis Of Dividend Policy in Companies Listed on The Indonesia Stock Exchange
title_sort analysis of dividend policy in companies listed on the indonesia stock exchange
topic dividend policy, liquidity, leverage, and profitability
url https://jurnal.iicet.org/index.php/jppi/article/view/2335
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