Fluktuasi Pembagian Dividen Melalui Kinerja Keuangan pada Perusahaan IDX30 yang Terdaftar di Bursa Efek Indonesia

  • Noviarti ikhsan STIE Widya Gama Lumajang
  • Ninik Lukiana STIE Widya Gama Lumajang
  • Nawangsih Nawangsih STIE Widya Gama Lumajang

Abstract

The background of this study is to determine the effect of liquidity, solvency, profitability and market value on dividend policy on IDX30 companies listed on the Indonesia Stock Exchange for the period 2015-2017, partially, and to find out the most dominant variable on dividend policy. The research method used is the method of multiple linear regression analysis. The sources and types of data used are internal data in the form of the company's annual financial report data. The sampling technique used in this study was purposive sampling, and produced 22 companies as the research sample. The results showed partially that liquidity and solvency variables did not have a significant effect on dividend policy, while profitability and market value had a significant effect on dividend policy with the variable that had the dominant influence on profitability. The coefficient of determination (R Square) obtained a value of 0.487 which shows that 48.7% of the dividend policy is explained by liquidity, solvency, profitability and stock values ​​while the remaining 51.2% dividend policy is influenced by other variables not examined in this study.

Published
2019-07-06