Analisis Kinerja Keuangan Terhadap Kebijakan Dividen Perusahaan Perbankan

Abstract

Purpose: The aim of this research is to determine and analyze the influence of the profitability, firm size, leverage, growth firm, and liquidity on dividend policy in banking companies on the Indonesia Stock Exchange.

Methodology/approach: This research was conducted in banking companies on the Indonesia Stock Exchange. The sample was obtained from 12 companies using a purposive sampling technique. The tool used in this research is eviews-13 software. The analysis technique used is the panel data analysis technique.

Results/findings: The research results show that the variable profitability, firm size, leverage, and growth firm do not affect dividend policy, and the variable current ratio has a positive and significant effect on dividend policy

Limitations: The coefficient of determinationn this study is 0.809450 or 80.94%, which indicates that changes in dividend policy in banking sub-sector companies on the Indonesia Stock Exchange can be explained based on profitability, Firm size, leverage, growth firm, and liquidity. The remaining 19.04% was caused by other factors not examined in this research such as interest rates, inflation, capital structure, ownership structure, free cash flow and so on.The implication of this research is that investors must continue to pay attention to profitability variables, frim size, leverage, and growth firms in determining investment decisions, especially liquidity variables because they influence dividend policy.

Contribution: With this research, it is hoped that it can provide references or research literature related to the influence of profitability, firm size, leverage, growth firm, and liquidity on dividend policy. It is hoped that the results of this research can be used as an analytical tool for more mature investment decisions by considering the dividend policies implemented by banking companies on the Indonesia Stock Exchange through the variables used in this research so that they can help investors and potential investors in determining which companies will become the investment