The Influence of Leverage, Liquidity, Profitability and Company Size on Dividend Policy
Keywords:
Leverage, Liquidity, Profitability, Company Size, Dividend PolicyAbstract
The type of research used by researchers is quantitative methods. Quantitative methods are research methods based on the philosophy of positivism, used to research certain populations or samples, data collection using analytical research instruments, data analysis is quantitative/statistical. Based on the results of analysis carried out on 72 samples over a 6 year period using multiple linear regression analysis, it shows that in the observation period (2017-2022) of the 4 hypotheses tested, only 3 were accepted, while 1 hypothesis was rejected
References
Adnyana, IG, & Badjra, IB (2014). The Influence of Liquidity, Asset Management, EPS, and Company Size on Dividend Policy and Company Value. Udayana University Management E-Journal. 3(12), 3707–3724.
Aeni, NY, Sutikno, & Djumali. (2012). Modeling of Factors That Influence Temanggung Tobacco Production and Quality Using a Combination of Generalized Least Square and Ridge Regression. Its Science And Arts Journal . 1(1), 1–6.
Agustino, Ni Wayan Indah Paramyta & Dewi, Sayu Ketut Sutrisna. (2019). The Influence of Company Size, Profitability, and Leverage on Dividend Policy in Manufacturing Companies. E-Journal of Management , [SL], V. 8, N. 8, P. 4957 - 4982.
Agustin, R., Nurcahyono, N., Sinarasri, A., & Sukesti, F. (2023). Financial Ratio and Stock Returns in Indonesia Equity Markets : A Signaling Theory Approach. International Conference on Business, Accounting, Banking, and Economics, 277–292. https://doi.org/10.2991/978-94-6463-154-8
Ambarwati, D., & Nurcahyono, N. (2022). The Influence of Capital Structure, Information Technology, and Business Characteristics on SMEs’ Performance During the COVID-19 Outbreak. Islamic Banking, Accounting and Finance International Conference, 2022, 218–226.
Andriani, PR, & Rudianto, D. (2019). The Influence of Liquidity Levels, Profitability and Leverage on Company Value in the Food and Beverage Subsector Listed in BEI for the 2010-2017 Period. Journal Of Entrepreneurship, Management, And Industry (Jemi). 2(1), 48–60.
Anggraeni, FN (2020). Determinants of Internal Motivation on Performance. Scientific Journal Of Reflection: Economics, Accounting, Management And Business . 3(2), 161-170.
Apriliani, AN (2012). Study of the Quality of Second Order Financial Reporting on Information Asymmetry. Accounting Analysis Journal, 1(1).
Atmojo, P. (2016). The Influence of Capital Structure and Profitability on the Value of Textile and Garment Companies Listed on the Indonesian Stock Exchange (BEI ). Journal of Geoeconomics . 74–85.
Azhar, ZA, Ngatno, & Wijayanto, A. (2018). The Effect of Profitability on Company Value Through Dividend Policy as an Intervening Variable (Study of Manufacturing Companies Listed on the Indonesian Stock Exchange for the 2012-2016 Period). Journal of Business Administration. 7(4), 137–146.
Azlina, N. (2009). The Influence of Working Capital Turnover Level, Capital Structure and Company Scale on Profitability. Pekbis Journal . 1(2), 107–114.
Destya Aida Sofiatin. (2020). The Influence of Profitability, Leverage, Liquidity, Company Size, Dividend Policy on Company Value (Empirical Study of Industrial and Chemical Subsector Manufacturing Companies Listed on BEI for the 2014-2018 Period). Journal of Sutaatmadja, 1(1), 45-57.
Diana, L., & Osesoga, M.S. (2020). The Influence of Liquidity, Solvency, Asset Management, and Company Size on Financial Performance. Journal of Contemporary Accounting , 12(1), 20–34.
Fosberg, R.H. (2010). A Test Of The M&M Capital Structure Theories. Journal Of Business & Economics Research, 8(4), 23–28.
Fitriana, L., Sinarasri, A., & Nurcahyono, N. (2024). Factors Affecting Financial Statement Fraud in Banking Sector: A Agency Perspective. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 14(1), 102. https://doi.org/10.26714/mki.14.1.2024.102-113
Gufranita, N. T., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Kualitas Audit Terhadap Ketepatan Waktu Pelaporan Keuangan: Studi Pada Perusahaan Manufaktur. Prosiding Seminar Nasional UNIMUS, 5, 216–230.
Herianto, R. O., Alfiana, B. Z., Apriliyanti, F., Nurcahyono, N., Jatiningsih, D. E. S., & Wijayanti, P. (2023). What is The Company’s Motivation for Doing CSR? An Analysis of Manufacturing Companies. MAKSIMUM: Media Akuntansi Universitas Muhammadiyah Semarang, 13(2), 209. https://doi.org/10.26714/mki.13.2.2023.209-217
Hartono. (2005). The Relationship between Signaling Theory and Underpricing of Initial Shares on the Jakarta Stock Exchange. Journal of Business and Management. 5(1), 35-50.
Jantana, I. (2012). The Influence of Capital Structure, Profitability and Liquidity on Company Value in Consumer Goods Sector Companies in the Cigarette Subsector in Bei, 2007-2011. Journal of Management, Business Strategy, and Entrepreneurship, 1, 1–30.
Kristiana, I., Nurkatik, & Nurcahyono, N. (2021). The effect of sak emkm-based accounting implementation, accounting knowledge, education level, and revenue on msme taxpayer compliance in reporting its tax obligations during the covid-19 pandemic. Universal Journal of Accounting and Finance, 9(6), 1422–1432. https://doi.org/10.13189/ujaf.2021.090620
Kristianingrum, A., Sukesti, F., & Nurcahyono, N. (2022). Pengaruh Mekanisme Good Corporate Governance, Kinerja Keuangan, dan Struktur Modal terhadap Pengungkapan Sustainability Report. Prosiding Seminar Nasional UNIMUS, 5, 432–444.
Moniaga, F. (2011). Capital Structure, Profitability and Cost Structure on the Value of Ceramic, Porcelain and Glass Industrial Companies for the Period 2007 - 2011. Emba Journal , 1(4), 433–442.
Nurcahyono, N., & Ifada, L. M. Determinants of Goverment Financial Statement Quality Likelihood in Indonesian. Jurnal ASET (Akuntansi Riset), 16(1), 121-136.
Nurcahyono, N., Hanum, A. N., & Sukesti, F. (2021). COVID 19 Outbreak and Stock Market Return: Evidence from Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 8(1), 47–58. https://doi.org/10.24815/jdab.v8i1.18934
Nurcahyono, N., Sukesti, F., & Alwiyah, A. (2021). Covid 19 Outbreak and Financial Statement Quality: Evidence from Central Java. AKRUAL: Jurnal Akuntansi, 12(2), 193. https://doi.org/10.26740/jaj.v12n2.p193-203
Nurcahyono, N., Sukesti, F., Alwiyah, A., & Ermawati, D. (2024). Financial Ratio, Good corporate governance and Financial Distress: A Grover Model at a Transportation Firm. Proceedings of the 1st International Conference on Economics and Business, ICEB 2023, 2-3 August 2023, Padang, Sumatera Barat, Indonesia. https://doi.org/10.4108/eai.2-8-2023.2341490
Nurcahyono, N., Sukesti, F., & Haerudin, H. (2022). The Effect of Good Corporate Governance Mechanisms, Financial Ratio, and Financial Distress: A Study on Financial Companies. ICBAE. https://doi.org/10.4108/eai.10-8-2022.2320848
Pratiwi, I., Hanum, A. N., & Nurcahyono, N. (2022). Pengaruh Earning Per Share, Total Assets Turnover, Pertumbuhan Penjualan dan Debt Equity Ratio Terhadap Harga Saham. Jurnal Akuntansi, Perpajakan Dan Portofolio, 02(02), 39–50. https://journal.umpo.ac.id/index.php/JAPP/article/view/5584%0Ahttps://journal.umpo.ac.id/index.php/JAPP/article/download/5584/2405
Spence, Michael. 1973. Job Market Signaling. The Quarterly Journal Of Economics. 87(3), 355-374.
Sugiyanto, S. (2016). The Effect of Tax Avoidance on Company Value Moderating Institutional Ownership. Pamulang University Accounting Scientific Journal , 6(1), 82-96.
Suharli, M. (2006). Empirical Study of Factors Affecting Company Value. Maxi Journal , Vol. 6, Pp. 23–24.
Sukesti, F., Ghozali, I., Fuad, F., Almasyhari, A. K., & Nurcahyono, N. (2021). Factors Affecting the Stock Price: The Role of Firm Performance. Journal of Asian Finance, Economics and Business, 8(2), 165–173. https://doi.org/10.13106/jafeb.2021.vol8.no2.0165
Sukesti, F., Nurcahyono, N., Budiman, M., & Ifada, L. M. I. (2024). Determinant Factors Cross Generation Behavior on Halal Food Product: Empirical Evidence from Indonesia. International Journal of Islamic Business Ethics, 9(1), 1. https://doi.org/10.30659/ijibe.9.1.1-14
Wibowo, A., & Wartini, S. (2012). Working Capital Efficiency, Liquidity and Leverage on Profitability in Manufacturing Companies on the IDX. Journal of Management Dynamics , 3(1), 49–58.
Yulianto, & Widyasasi. (2020). Analysis of Factors That Influence Company Value. Tarumanagara Accounting Multiparadigm Journal , 2(4), 576–585.
Zulman, M., & Abbas, DS (2019). The Influence of Company Size, Capital Structure, Liquidity, Investment Opportunity Set (IOS), and Profitability on Profit Quality (Food and Beverage Companies Listed on the Indonesian Stock Exchange 2013-2017). Competitive Journal of Accounting and Finance, 3(2), 26– 51.
Zuraida, I. (2019). The Influence of Capital Structure, Company Size, Profitability and Dividend Policy on Company Value. Journal of Accounting and Business, 4(1), 529–536.
Downloads
Published
Versions
- 2024-11-21 (5)
- 2024-11-21 (4)
- 2024-11-21 (3)
- 2024-11-21 (2)
- 2024-07-27 (1)
