ANALISIS PENGARUH PROFITABILITAS, LIKUIDITAS, KEBIJAKAN HUTANG, UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR PERIODE 2014-2018

Abstract

This research aimed to find out the effect of profitability, liquidity, debt policy and firm size on dividend policy. The research is quantitative research by processing secondary data obtained from Indonesia Stock Exchange (IDX). While, the data collection technique used sensus sampling, in which the sample was based on criteria given. In line with, there were 42 financial statements observation from 10 mining companies which listed on Indonesia Stock Exchange (IDX) during 2014-2018 where sample selection in accordance criterias set by researchers. Moreover, the data analysis technique used multiple linear regression analysis techniques with Statistical Product and Service Solution (SPSS) 22. The regression analysis test of this research using multiple linear regression analysis techniques and hypothesis testing using analysis of determination, hypothesis test, classic assumption test descriptive analysis which consists of the normality test, multicollinearity test, autocorrelation test, heteroscedasicity test. The results of this study indicate that (a) Profitability has a positive effect on dividend policy, (b) Liquidity has a positive effect on dividend policy, (c) Debt policy has no effect on dividend policy, and (d) Firm size has no effect on dividend policy.
Keywords: dividend policy, profitability, liquidity, debt policy, firm size.