MDP Student Conference
Vol 5 No 1 (2026): The 5th MDP Student Conference 2026

Current Ratio Dan Pertumbuhan Perusahaan Terhadap Kebijakan Dividen Pada JII Tahun 2020-2024

Michael Jacksen (Unknown)
Ratna Juwita (Unknown)



Article Info

Publish Date
19 Mar 2026

Abstract

This study aims to analyze the effect of the Current Ratio (CR) and firm growth (GTA) on dividend policy in companies included in the Jakarta Islamic Index (JII) during the 2020–2024 period. The study employs a quantitative approach using secondary data obtained from corporate financial statements published by the Indonesia Stock Exchange. The sampling technique used is purposive sampling, resulting in 80 research samples. The data analysis method applied is multiple linear regression analysis, with hypothesis testing conducted through t-tests (partial) and F-tests (simultaneous). The t-test results indicate that, partially, the Current Ratio (CR) has a negative and significant effect on dividend policy, with a t-value of −9.452 and a significance level of 0.000. Furthermore, firm growth (GTA) is also proven to have a negative and significant effect on dividend policy, with a t-value of −5.685 and a significance level of 0.000. The simultaneous test (F-test) shows that the Current Ratio (CR) and firm growth jointly have a significant effect on dividend policy, with an F-value of 65.228 and a significance level of 0.000. These findings indicate that liquidity levels and asset growth play an important role in determining dividend distribution policies in companies listed on the Jakarta Islamic Index.

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Journal Info

Abbrev

msc

Publisher

Subject

Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Electrical & Electronics Engineering

Description

MDP Student Conference is a one-year national conference organized by the Universitas Multi Data Palembang. We are inviting teachers, lecturers, researchers, scholars, students, and or other key stakeholders to present and discuss their latest findings, innovations, and best practices as well as ...