JIA (Jurnal Ilmiah Akuntansi)
Vol 8 No 2 (2023)

Measuring Factors Affecting Dividend Policy and Value In Non-Cyclical Consumer Companies

I Gede Cahyadi Putra (Universitas Mahasaraswati Denpasar)
Ida Ayu Ratih Manuari (Universitas Mahasaraswati Denpasar)
Ni Made Adelia Andika Putri (Universitas Mahasraswati Denpasar)



Article Info

Publish Date
31 Dec 2023

Abstract

   Economic growth in non-cyclical consumer industries in 2015–2018 tended to increase, however in 2020 there was a sharp decline in Indonesia's economic growth due to Indonesia being hit by the Covid-19 pandemic so it is deemed necessary to pay close attention to the prospects of non-cyclical consumer companies as measured by company value because company value is a reflection of company performance. The purpose of this research is to analyze and prove empirically that profitability, managerial ownership, leverage affect dividend policy and corporate value of consumer non-cyclicals. This study used a purposive sampling technique with several criteria in order to obtain 8 samples of consumer non-cyclicals companies and the analysis technique used was PLS (Partial Least Square). This study found that the higher the profitability and leverage a company has, the higher its dividend distribution policy will be. Likewise, the higher the profitability, ownership and leverage a company has, the higher the firm value the company has. The implications of this research are expected to be the foundation and information for investors in optimizing investment decisions by identifying the factors that influence firm value. 

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Journal Info

Abbrev

JIA

Publisher

Subject

Economics, Econometrics & Finance

Description

Jurnal Ilmiah Akuntansi (JIA) is a journal that is managed and published by Accounting Department, Faculty of Economics, Ganesha University of Education (Undiksha). JIA is published twice a year, in June and December. JIA aims to be a media dissemination of research and thought results in the field ...