Asian Journal of Management, Entrepreneurship and Social Science
Vol. 4 No. 02 (2024): May, Asian Journal of Management Entrepreneurship and Social Science ( AJMESC

Determination of Factors Influencing Dividend Policy: A Case Study of a Manufacturing Company in Indonesia

Vebry Vetarany (Fakultas Ekonomi dan Bisnis, Universitas Swadaya Gunung Jati Cirebon, Indonesia)
Norma Fuji Andini (Fakultas Ekonomi dan Bisnis, Universitas Swadaya Gunung Jati Cirebon, Indonesia)
Putri Puspita Ayu (Fakultas Ekonomi dan Bisnis, Universitas Swadaya Gunung Jati Cirebon, Indonesia)



Article Info

Publish Date
26 Apr 2024

Abstract

This study aims to analyze the influence of the board of directors, independent board of commissioners, managerial ownership, institutional ownership, profitability, and leverage on dividend policy. This study uses a quantitative research approach and the data used in this study are secondary data obtained from the financial statements and annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the 2019-2022 period. The sample of this study is a manufacturing company listed on the Indonesia Stock Exchange in 2019-2022 which was selected by the purposive sampling method so that 66 sample data were obtained. Data analysis techniques are performed using descriptive statistics, classical assumption tests, multiple linear regression analysis, and hypothesis testing. The results showed that independent board of commissioners and managerial ownership have a positive effect on dividend policy, while profitability and leverage have a negative effect on dividend policy. However, the board of directors and institutional ownership have no effect on dividend policy.

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Journal Info

Abbrev

ajmesc

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Asian Journal of Management, Entrepreneurship and Social Science (AJMESC) is a high quality open access peer reviewed research journal. providing a platform for the researchers, academicians, professional, practitioners and students to impart and share knowledge in the form of high quality empirical ...