Sonia Christabella, Yuniarwati
Fakultas Ekonomi dan Bisnis, Universitas Tarumanagara, Jakarta

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Pengaruh Leverage, Free Cash Flow, Dan Collateral Asset Terhadap Dividend Policy Sonia Christabella, Yuniarwati
Jurnal Paradigma Akuntansi Vol 3, No 3 (2021): Juli 2021
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v3i3.14924

Abstract

The objective of this study is to examine and obtain empirical evidence of the influence of leverage, free cash flow and collateral assets on dividend policy. This study uses multiple regression analysis and  processed using the eviews application program version 11.0. Sample of this research included 41 manufacturing companies selected by purposive sampling method that met the criteria of 193 publicly traded companies listed on the Indonesia Stock Exchange for the period of 2017 - 2019. The results of research on leverage had a significant negative effect, collateral assets had a significant positive effect, while free cash flow had no effect on dividend policy.The implication of this study is the need to increase free cash flow and reduce leverage to increase dividend in dividend policy which will bring good signal for investors.