PENGARUH KEPEMILIKAN MANAJERIAL, PROFITABILIITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research aimed to find out the effect of managerial ownership, profitability, and firm size on the
dividend policy in the manufacturing companies listed on the Indonesia Stock Exchange (IDX) during
2018-2020. The financial ratio was measured by managerial ownership, profitability (Return On
Asset), and firm size. While dividend was measured by Dividend Payout Ratio (DPR). The research
was quantitative. Moreover, the population was manufacturing companies listed on the Indonesia
Stock Exchange (IDX) during 2018-2020. The data collection technique used purposive sampling in
which the sample was based on the criteria given. In line with that, there were 73 manufacturing
companies as the sample during 5 years (2018-2020). Furthermore, the data analysis technique used
multiple linear regression with SPSS (Statistical Product and Service Solution). The result concluded
that managerial ownership had a negative effect on the dividend policy in manufacturing companies.
On the other hand, profitability (ROA) had a positive effect on the dividend policy in manufacturing
companies.  Likewise, firm size had a positive effect on the dividend policy in
manufacturing companies.