JBMR: Journal of Business and Management Review
Vol. 2 No. 8 (2021): (Issue-August)

The Effect of Financial, Institutional and Managerial Ownership Factors on Dividend Policy of Manufacturing Companies in Consumer Goods Sector Listed on The Indonesia Stock Exchange in Period 2016-2019

Muhammad Bagas Syabana Hardianto (Departement of Management, Faculty of Economics and Business, Universitas Negeri Surabaya, Indonesia)



Article Info

Publish Date
16 Aug 2021

Abstract

Dividend payment is one of the rewards given by the company to investors for the time, risk, and commitment of a number of funds that have been given to the company. The distribution of dividends is generally carried out at the end of each financial reporting year and has obtained the approval of the General Meeting of Shareholders (RUPS). However, the distribution of company dividends is not mandatory, the agreement on the deal and certain factors. This study aims to identify the influence of financial factors and corporate governance (institutional ownership and managerial ownership) on company dividend policy. The type of data used in this research is quantitative data, which comes from secondary sources. The method used is purposive sampling with criteria, namely manufacturing companies in the consumer goods sector listed on the Indonesia Stock Exchange for the period 2016-2019. The data analysis technique used in this study is multiple linear regression with SPSS version 26 software. The results of this study indicate that financial factors such as profitability, company size, and company growth have an effect on dividend policy. Meanwhile, liquidity and leverage have no effect on dividend policy. In corporate governance, it is known that managerial ownership and ownership have no effect on dividend policy.

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Journal Info

Abbrev

jbmr

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Journal of Business and Management Review applies theory developed from business research to actual business situations. Recognizing the intricate relationships between the many areas of business activity, JBMR examines a wide variety of business decisions, processes and activities within the actual ...