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The Effect of Liquidity, Profitability, and Solvency on Dividend Policy in Mining Companies Listed on the Indonesia Stock Exchange Muhammad Rajali; Noni Ardian; Hernawaty
Jurnal Ekonomi, Manajemen, Akuntansi dan Keuangan Vol. 6 No. 2 (2025): April
Publisher : Penerbit Jurnal Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53697/emak.v6i2.2299

Abstract

The development of the iron and steel sub-sector mining industry in Indonesia has shown significant growth in recent years. This sector has a strategic role in supporting national infrastructure development and contributing to state revenue. The purpose of this study is to analyze the effect of liquidity, profitability, and solvency on dividend policy in iron and steel sub-sector mining companies listed on the Indonesia Stock Exchange. This study uses a quantitative approach with descriptive and verification methods. The study population consists of 10 iron and steel sub-sector mining companies listed on the Indonesia Stock Exchange. The sampling technique is purposive sampling based on criteria so that the number of samples becomes 9 companies. The independent variables in this study include liquidity as measured by the Current Ratio, profitability as measured by Return on Asset, and solvency as measured by the Debt to Equity Ratio. While the dependent variable is dividend policy as measured by the Dividend Payout Ratio. Data collection techniques are carried out through documentation studies and literature studies. Data analysis uses panel data regression with the help of Eviews 12 software. The results of the study indicate that liquidity (CR) does not have a significant effect on dividend policy. While profitability (ROA) and solvency (DER) have a significant effect on dividend policy. Simultaneously, the three independent variables have a significant effect on dividend policy with a determination coefficient of 61.54%, while the rest is influenced by other factors not examined in this study.
Analysis of Leadership Style and Characteristics On Teacher Performance as an Intervening Variable Elementary School in Bababalan District, Langkat Regency Wenny Ramadani; Desi Astuti; Hernawaty Hernawaty
Journal of Research in Social Science and Humanities Vol 6, No 1 (2026)
Publisher : Utan Kayu Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47679/jrssh.v6i1.573

Abstract

Improving the quality of basic education largely depends on teacher performance quality, which is influenced by various determinant factors. This study aims to analyze the role of professional competence as an intervening variable in the relationship between teacher characteristics and teacher performance in elementary schools in Babalan District, Langkat Regency. The research employed a quantitative approach involving 66 teachers from five elementary schools selected as case studies. Data were collected through Google Form-based online questionnaires with a 1-4 Likert scale and analyzed using path analysis with the assistance of SPSS. The results showed that teacher competence significantly affects teacher performance (B = 0.530; p 0.01), while teacher characteristics proved significant in forming professional competence (B = 0.529; p 0.01). Interestingly, the findings revealed that the principal's leadership style showed no significant effect either directly on performance or indirectly through competence. The Sobel test confirmed that competence significantly mediates the effect of teacher characteristics on performance (Z = 2.83), but does not mediate the relationship between leadership style and performance. The implications of this study recommend focusing development on specific and applicable teacher competency enhancement, as well as optimizing positive teacher characteristics that have been proven to be an important foundation in improving educational performance.