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Analysis of Financial Factors on Dividend Policy of Manufacturing Companies Titin Maryana; Hasbullah Hasbullah; Maria Septijantini Alie; Armalia Reny WA; Eka Travilta Oktaria; M. Nasir
Studi Akuntansi, Keuangan, dan Manajemen Vol 5 No 3 (2026): January
Publisher : Penerbit Goodwood

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/sakman.v5i3.5482

Abstract

Purpose: This study analyzes the effect of liquidity, firm size, and profitability on dividend policy in manufacturing companies, specifically in the basic and chemical industry subsector listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Methodology/Approach: This study uses a quantitative approach. The population consists of 75 companies with 375 firm-year observations, and the sample includes 15 companies observed over five years (75 samples). Data were collected by reviewing annual financial reports. Data analysis was conducted using multiple linear regression with the help of SPSS software. Results/Findings: The findings show that liquidity (CR), firm size (SIZE), and profitability (ROA) have positive and significant effects on dividend policy (DPR). Liquidity, firm size, and profitability also have positive and significant effects on dividend policy. Conclusions: The study concludes that higher liquidity, larger firm size, and greater profitability contribute to the improvement of dividend policy among manufacturing companies in the basic and chemical industry subsectors in Indonesia. Limitations: This study is limited to manufacturing companies in the basic and chemical industry subsector listed on the IDX, with the observation period restricted to 2020–2024. Contributions: This study contributes to the field of financial management by providing empirical evidence on how liquidity, firm size, and profitability affect dividend policy. The results are useful for academics, investors, and company managers to understand dividend decisions.
The Effect of Employee Work Ability and Welfare Benefits on Employee Work Performance at PT. Wongso Nusantara Bersatu Anita Monica Sabrina; Rina Loliyana; Nety Kumalasari; Andi Surya; Armalia Reny WA; M Renandi Ekatama Surya
International Journal Of Education, Social Studies, And Management (IJESSM) Vol. 5 No. 3 (2025): The International Journal of Education, Social Studies, and Management (IJESSM)
Publisher : LPPPIPublishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52121/ijessm.v5i3.896

Abstract

Study This aim For know influence ability Work employees and benefits welfare to performance Work employees at PT. Wongso Nusantara Bersatu, both in a way partial and simultaneous. Achievement Work employee reflect how much productive and effective a employee in operate his duties, which are influenced by various internal factors include ability work and benefits welfare. The research method used is method quantitative. Population in study This is all over PT. Wongso Nusantara Bersatu employees totaling 68 people, and engineering taking sample use total sampling method. Data analysis technique used is analysis multiple linear regression with help SPSS application version 27. Research results show that ability Work employees and benefits welfare in a way partial influential positive and significant to performance Work employees. In simultaneous ability Work employees and benefits welfare influential positive and significant to performance employees. Coefficient value determination (R²) of 58.3% shows that ability Work employees and benefits welfare capable explain variables performance Work employees, while the rest 41.7 % is influenced by other factors that are not investigated in study This.