PENGARUH LIKUIDITAS, PROFITABILITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR GO PUBLIC YANG TERDAFTAR DI BEI

Abstract

Every company is required to produce quality goods, in order to compete and maintain their products. While, a company recently has common goal, which is to have maximum profit. During the process of fit, there are finance functions namely dividend policy. Moreover, dividend policy is a company’s decision which taken after the operation and profit taking. Therefore, this research aimed to examine the effect of liquidity, profitability, and leverage on the individual policy.The research was casual, in which aimed to examine the effect of liquidity, profitability, and leverage on the dividend policy. Furthermore, the population was go public manufacturing companies which were listed on Indonesia Stock Exchange during 2016-2018. Additionally, the data collection technique used purposive sampling. In line with, there were 12 go public manufacturing companies as sample. In addition, the data analysis technique used multiple linear regression.The research result, from hypothesis test, concluded liquidity had positive effect on the dividend policy. Likewise, leverage had positive effect on the dividend policy. On the orther hand, profitability had negative effect on the dividend policy.
Keywords: liquidity, profitability, leverage, dividend policy