PENGARUH STRUKTUR KEPEMILIKAN, PROFITABILITAS DAN GROWTH TERHADAP KEBIJAKAN DIVIDEN

Abstract

This research is aimed to determine the influence of ownership structure, profitability and growth on dividend policy through annual financial statements which have been prepared by food and beverages companies which are listed in Indonesia Stock Exchange (IDX). The population has been obtained by using purposive sampling method on food and beverages companies which are listed in Indonesia Stock Exchange (IDX) in 2012-2016 periods and based on the predetermined criteria then 11 companies food and beverages have been obtained as samples. The analysis method has been done by using multiple linear regressions analysis and the 23rd version of SPSS application tools (Statistical Product and Service Solutions). The result indicates that managerial ownership, profitability, and growth give negative and significant influence to the dividend policy. Meanwhile, institutional ownership give no significant influence to the dividend policy. Simultaneously, the independent variables give significant influence to the dependent variable with a significance level of 0.036.
Keywords: Ownership structure, profitability, growth and dividend policy