PENGARUH CORPORATE GOVERNANCE, CASH POSITION, PROFITABILITAS DAN HUTANG TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research is meant to test the influence of corporate governance which is proxy by commitment to the implementation of corporate governance, stakeholders, board of commissioner, director, and information disclosure, also cash position, profitability and debt to the dividend policy. This research applies the secondary data which has been selected by using purposive sampling. The object of this research is State owned Enterprises (BUMN) which has gone public with the observation years of the financial statement in 2008-2014 periods and the analysis technique has been done by using multiple linear regressions analysis. The result of this research shows that (1) )director and return on asset variables have positive influence to the dividend policy; (2) commitment to the implementation of corporate governance, stakeholders, board of commissioner, director, and information disclosure, also cash position, and debt variables do not have any influence to the dividend policy; and (3) simultaneously, corporate governance, cash position, profitability and debt variables have an influence to the dividend policy in the model of R2 is 0.503 or 50.3%, meanwhile the remaining is influenced by other factors.
Keywords: Corporate Governance, Cash Position, Profitability, Debt, Dividend Policy