Effect of Profitability and Leverage on Dividend Policy with Investment Opportunity Set as a Moderating Variables in Manufacturing Companies Listed on BEI Period 2014–2018

Herawan Karang, I Wayan Agus and Hermanto, Hermanto and Suryani, Embun (2020) Effect of Profitability and Leverage on Dividend Policy with Investment Opportunity Set as a Moderating Variables in Manufacturing Companies Listed on BEI Period 2014–2018. International Journal of Multicultural and Multireligious Understanding, 7 (11). pp. 191-200. ISSN 2364-5369

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Abstract

This study aims to analyze the effect of profitability and leverage on dividend policy with the investment opportunity set (IOS) as a moderating variable in manufacturing companies listed on the Bursa Efek Indonesia (BEI) from 2014 to 2018. The population in this study amounted to 158 manufacturing companies, 20 manufacturing companies were obtained by using purposive sampling technique, this type of research is associative causal. The technique used in this research is descriptive statistical analysis technique using the SPSS 24 program. The results of this study indicate that profitability has a significant positive effect on dividend policy. Leverage has no effect on dividend policy. The investment opportunity set (IOS) is unable to moderate the relationship between profitability and dividend policy. The investment opportunity set (IOS) is also unable to moderate the relationship between leverage and dividend policy.

Item Type: Article
Keywords (Kata Kunci): Dividend Policy; Profitability; Leverage; Investment Opportunity Set (IOS)
Subjects: H Social Sciences > HG Finance
Divisions: Fakultas Ekonomi
Depositing User: Mrs Embun Suryani
Date Deposited: 06 Jan 2022 00:08
Last Modified: 06 Jan 2022 00:08
URI: http://eprints.unram.ac.id/id/eprint/26921

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