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Pengaruh Struktur Modal, Arus Kas Operasi dan Likuiditas terhadap Kebijakan Dividen pada Bank Konvensional yang Terdaftar di Bursa Efek Indonesia Periode 2021-2025 Rifki Hidayatullah; Luthfi Nuraini; Umi Kulsum
Jurnal Rimba Riset Ilmu manajemen Bisnis dan Akuntansi Vol. 4 No. 3 (2026): Agustus : Riset Ilmu Manajemen Bisnis dan Akuntansi
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/rimba.v4i3.2766

Abstract

This study aims to analyze the effect of Capital Structure, Operating Cash Flow, and Liquidity on Dividend Policy in conventional banks listed on the Indonesia Stock Exchange during the 2021–2025 period. This study employed a quantitative method with an associative approach. The sample was selected using purposive sampling, resulting in 12 banking companies with a total of 60 observations. Secondary data were analyzed using panel data regression with EViews 13. Based on the model selection tests, the Fixed Effect Model (FEM) was selected as the best model. The results indicate that Capital Structure has a positive and significant effect on Dividend Policy with a t-statistic of 2.428827 > t-table of 2.003 and a probability value of 0.0192 < 0.05. Operating Cash Flow has a negative but insignificant effect on Dividend Policy with a t-statistic of -0.257900 < t-table of 2.003 and a probability value of 0.7977 > 0.05. Liquidity has a positive and significant effect on Dividend Policy with a t-statistic of 2.495657 > t-table of 2.003 and a probability value of 0.0163 < 0.05. Simultaneously, Capital Structure, Operating Cash Flow, and Liquidity have a significant effect on Dividend Policy with an F-statistic of 5.921528 > F-table of 2.77 and a Prob(F-statistic) of 0.000002 < 0.05.