PENGARUH PELUANG INVESTASI DAN LEVERAGE TERHADAP KEBIJAKAN DEVIDEN DENGAN LIKUIDITAS SEBAGAI VARIABEL MODERASI

Indarti, iin
Nurdhiana, Nurdhiana
Tirtono, Tjandra

BULETIN BISNIS & MANAJEMEN (BBM)
Vol 10, No 2 (2024): Vol 10, No 2 (2024)

This study aimed to determine the effect of investment opportunities and leverage on dividend policy with liquidity as a moderating variable at manufacture companies listed in Indonesia Stock Exchange in the period 2021-2023. The sampling technique used was purposive sampling with the kind of judgement sampling method. The data of the study were secondary data which was downloaded from the Indonesia Stock Exchange website. The population in this study were 144 companies with the number of samples were 25 companies. For the analytical techniques used were multiple linear regression and Moderated Regression Analysis (MRA). The result showed that investment opportunities and leverage had a significant positive effect on dividend policy. Liquidity was able to moderate the effect of investment opportunities on dividend policy but liquidity was unable to moderate the effect of leverage on dividend policy.