Jurnal Manajemen Bisnis
Vol. 13 No. 02 (2023): October

The Determinants of Dividend Policy in the Consumer Goods Industry Listed on the Indonesia Stock Exchange

Rinaldy Achmad Roberth Fathoni (Universitas Muhammadiyah Malang)
Warsono (University of Muhammadiyah Malang)



Article Info

Publish Date
17 Oct 2023

Abstract

The purpose of this research is to understand and conduct empirical research to determine whether profitability variables, company size, liquidity, institutional ownership level, and leverage are determinants of dividend policy in consumer goods companies listed on the Indonesia Stock Exchange. This research is conducted due to issues found in previous research results, which indicated that among the explanatory variables, some have a positive, negative, or even no significant impact on dividend policy. The research population consists of all consumer goods companies, totaling 65 companies listed on the Indonesia Stock Exchange. The sampling technique employed is judgment sampling, with 12 companies selected as the sample. The results of the data analysis conclude that among the five explanatory variables, only two determinant variables significantly affect dividend policy, namely profitability and institutional ownership. Among profitability and institutional ownership variables, it turns out that profitability has a greater impact on dividend policy.

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Journal Info

Abbrev

jmb

Publisher

Subject

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

Description

The Universitas Muhammadiyah Malang published Manajemen Bisnis (MB) journal in 2011. Start in December 2018, the MB journal has online ISSN 2655-2523 for articles that publish started from Volume 9 No. 1, April 2019. Then, start from Volume 9 No. 2. MB journal has been accredited for SINTA 4. MB ...