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Journal : interconnection an economic perspective horizon

How Firm Characteristics Affect the Dividend Policy of Listed Banking Companies on The Indonesian Stock Exchange in 2019-2021 Saitri, Putu Wenny; Mendra, Ni Putu Yuria; Pramesti, I Gusti Ayu Asri; Renaldo, Nicholas
Interconnection: An Economic Perspective Horizon Vol. 1 No. 1 (2023): Interconnection: An Economic Perspective Horizon
Publisher : First Ciera Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61230/interconnection.v1i1.13

Abstract

This study aims in this study to determine the effect of profitability, managerial ownership, liquidity, company size, and debt policy on dividend policy. The population in this study is the population in this study, namely all banking companies registered on the Indonesia Stock Exchange (IDX) in 2019-2021, namely 46 banking companies with a total sample of 41 companies determined by the purposive sampling method. The data analysis technique used in this study is multiple linear regression, coefficient of determination, t-test, and F-test. Based on the research results, it can be seen that Profitability has a positive effect on dividend policy in banking companies listed on the Indonesia Stock Exchange in 2019-2021. Managerial Ownership and Debt Policy have a negative effect on dividend policy in banking companies listed on the Indonesia Stock Exchange in 2019-2021. Meanwhile, Liquidity and Company Size Have No Effect on Dividend Policy in banking companies listed on the Indonesia Stock Exchange for 2019-2021. The adjusted R square value in this study is still not strong, namely 0.442 or 44.2% so further research is expected to be able to increase the adjusted R square value by examining and adding other variables which in theory have an influence on dividend policy. The advice that can be given by researchers is that in the future the company is expected to be able to increase its profitability so that later the company is able to distribute high dividends to its investors.
Co-Authors Agung Prajanto Alimuddin Anak Agung Ketut Trisnayanti Anak Agung Putu Gede Bagus Arie Susandya Cok Putra Wirasutama DANIYANTI, Ni Made Windi Egi Darwis Said, Darwis Desak Ayu Sriary Bhegawati Dewa Ayu Pradnya Pramestya Putri Fredinan Yulianda Frischa Faradilla Arwinda Mongan Gde Bagus Brahma Putra Gede Bagus Brahma Putra Hayu Wikan Kinasih I Dewa Ayu Oktaviani Putri I Gede Cahyadi Putra I Gusti Ayu Agung Diah Pradnya Putri I Gusti Ayu Asri Pramesti I Gusti Putu Eka Rustiana Dewi I Made Sudiartana, I Made I Made Suryawan I Made Suryawan I Putu Agus Rizaldi I Putu Agus Wahyu Kusuma Yudha I Wayan Tegar Baskara Ida Ayu Ratih Manuari Ida Bagus Wedha Atmaja Luh Gde Novitasari Luh Gde Novitasari Luh Pande Eka Setiawati M Doni Permana Putra Machmuddah, Zaky Made Santana Putra Adiyadnya Munidewi, Ida Ayu Budhananda Ni Kadek Ayu Diana Putri Ni Kadek Indah Mas Sukreni Ni Kadek Putri Diah Damayanti NI KADEK YUNITA SARI Ni Komang Janitri Pratiwi Ni Luh Gde Novitasari Ni Luh Putu Sandrya Dewi Ni Luh Putu Sri Purnama Pradnyani Ni Made Dwi Ariani Ni Made Indah Purwitasari Ni Made Sunarsih Ni Made Swinta Setiani Ni Made Wanda Diajeng Sujana Ni Putu Eka Wahyuni Ni Putu Sintya Saraswati Ni Putu Sintya Saraswati Nicholas Renaldo Novitasari, Luh Gde Putu Ayu Meidha Suwandewi Putu Diah Sri Ayuni Putu Novidiyanti Putu Wenny Saitri Putu Wenny Saitri Rizaldi, I Putu Agus Suastini, Ni Luh Tjokorda Istri Praganingrum Trisnayanti, Anak Agung Ketut Wayan Bunga Larasati Yura Karlinda Wiasa Putri