FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

The purpose of this study was to determine the effect of liquidity, investment
opportunities, profitability, leverage, and company size on dividend policy in manufacturing
companies listed on the Indonesia Stock Exchange. The research method uses panel data regression
analysis method. The unit analysis in this study uses a secondary data source, namely data from the
financial statements of companies listed on the Indonesia Stock Exchange. The data used are
financial reports who work in the manufacturing industry during the 2014-2018 period. The results
showed that the variables of profitability, leverage, and company size had an effect on dividend
policy, while the variables of liquidity and investment opportunities had no effect on dividend policy
in manufacturing companies listed on the Indonesia Stock Exchange.