scholarly journals Ukuran Perusahaan Memoderasi Pengaruh Profitabilitas, Free Cash Flow, dan Likuiditas pada Kebijakan Dividen

2020 ◽  
Vol 30 (4) ◽  
pp. 1034
Author(s):  
Made Dita Wahyuni ◽  
I Dewa Nyoman Badera
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Firm Size ◽  
Research Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Analysis Technique ◽  
Retained Earnings ◽  
Positive Effect

Dividend policy is the company's decision to determine whether profits derived by the company will be distributed to shareholders in the form of dividends or will be used as retained earnings. Companies must pay attention to factors in determining dividend policy. This study aims to analyze the iinfluence of the effect of profitability, free cash flow, and liquidity on dividend policy with firm size as a moderating variable. This research was conducted at infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange in 2016-2018. The sample research method used was purposive sampling. The data analysis technique used is Moderated Regression Analysis. Based on the results of the study, it is known that profitability and firm size do not affect dividend policy, meanwile free cash flow and liquidity have a positive effect on dividend policy. This study also found that firm size can strengthen the effect of profitability, free cash flow, and liquidity on dividend policy. Keywords: Profitability; Free Cash Flow; Liquidity; Dividend Policy; Firm Size.

scholarly journals Kepemilikan Manajerial, Kepemilikan Institusional dan Kebijakan Dividen serta Free Cash Flow sebagai Pemoderasi

2021 ◽  
Vol 31 (7) ◽  
pp. 1710
Author(s):  
Ni Made Ari Trisna Dewi ◽  
Anak Agung Gde Putu Widanaputra
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Managerial Ownership ◽  
Manufacturing Companies ◽  
Analysis Technique

This study aims to determine the effect of managerial ownership and institutional ownership on dividend policy with free cash flow as a moderating variable. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange (BEI) in 2015-2019. The sample was selected by means of a purposive sampling method with 42 companies as samples and 210 observations. The analysis technique used in this research is Moderated Regression Analysis (MRA). The results of this study indicate that the higher the managerial ownership, the higher the dividend policy, especially in companies that have high free cash flow, and the higher the institutional ownership, the higher the dividend policy, especially in companies with high free cash flow. Keywords: Managerial Ownership; Institutional Ownership; Free Cash Flow; Dividend Policy.

scholarly journals Determinants of Dividend Policy

2020 ◽  
Vol 4 (1) ◽  
pp. 1-5
Author(s):  
Ratna Wijayanti Daniar Paramita
Keyword(s):  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Analysis Technique ◽  
Positive Effect

This study aims to analyze the influence of Free Cash Flow, Profitability, Liquidity and Leverage on Dividend Policy. This research was conducted at manufacturing companies listed on the Indonesian Stock Exchange in the Consumer Goods Industry sector in the 2015-2018 period. The data analysis technique used multiple linear regression analysis. This study used purposive sampling technique to obtain samples according to the specified criteria. The number of companies based on the criteria in the study were 13 companies. The results of this research are free cash flow, liquidity, and leverage have no significant effect on dividend policy, while profitability has a significant positive effect on dividend policy.

scholarly journals Ukuran Perusahaan Memoderasi Pengaruh Free Cash Flow dan Leverage Terhadap Kebijakan Dividen

2019 ◽  
pp. 484
Author(s):  
I Kadek Edi Rian Trisna ◽  
Gayatri Gayatri
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Cash Dividend ◽  
Optimal Dividend ◽  
Current Growth ◽  
Optimal Dividend Policy ◽  
A Company

Determining the optimal cash dividend policy a company should consider several factors. An optimal dividend policy is required because it can create a balance between dividends and current growth in the next period. The purpose of this study is to obtain empirical evidence on the effect of free cash flow and leverage on dividend policy and firm size capability in moderating the effect of free cash flow and leverage against dividend policy. Companies going public listed on the Indonesia Stock Exchange (BEI) year 2013-2017 is the location of research with purposive sampling as a method of determining the sample. Companies that meet the criteria are 10 companies with a total of 39 observations. Moderated Regression Analysis (MRA) was used to test in this research. The result showed that free cash flow had positive and leverage effect negatively on dividend policy. The study also found that firm size is able to strengthen the effect of free cash flow on dividend policy and weaken the influence of leverage on dividend policy. Keywords: dividend policy, free cash flow, leverage, company size..  

scholarly journals Nilai, Size, Profitabilitas Perusahaan dan Praktik Perataan Laba

2021 ◽  
Vol 31 (3) ◽  
pp. 562
Author(s):  
I Ketut Winanda ◽  
Ida Bagus Putra Astika
Keyword(s):  
Logistic Regression ◽  
Regression Analysis ◽  
Firm Size ◽  
Capital Market ◽  
Firm Value ◽  
Sampling Method ◽  
Stock Exchange ◽  
Income Smoothing ◽  
Analysis Technique ◽  
Positive Effect

The capital market in Indonesia is currently growing, so that competition between companies is increasing. The company will try to increase the value of the company in order to attract investors to invest in the company. Management realizes that attention investors tend to only focus on profit, so managers are encouraged to practice income smoothing. This study aims to obtain empirical evidence of the influence of firm value, firm size and profitability on income smoothing practices in banking companies listed on the Indonesia Stock Exchange for the 2016-2018 periode. The number of samples selected in banking companies is as many as 31 companies, using the purposive sampling method. The data analysis technique used is a logistic regression analysis and the results showed that the firm value and firm size had a positive effect on income smoothing practices, while the profitability did not effect the income smoothing practice. Keywords: Income Smoothing; Firm Value; Firm Size; Profitability.

scholarly journals INFLUENCE INVESTMENT OPPORTUNITY SET, OPERATING PROFIT MARGIN, CASH FLOW FROM OPERATING ACTIVITIES AND CASH FLOW TO EQUITY ON POLICY DIVIDEND ON A METAL COMPANY THAT LISTED ON INDONESIA STOCK EXCHANGE

2021 ◽  
Vol 1 (2) ◽  
pp. 293-310
Author(s):  
Sri Fitri Wahyuni ◽  
Fika Rimalansyah Peride
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Profit Margin ◽  
Investment Opportunity ◽  
Operating Profit ◽  
Analysis Technique ◽  
Investment Opportunity Set ◽  
Operating Activities

The research objectives in this study are to find out and analyze the effect Investment Opportunity Set, To find out and analyze the effect Operating Profit Margin, To find out and analyze the effect of Cash flow from operating activities, to find out and analyze the effect Cash flow to Equity to the dividend payout ratio, to determine and analyze the effect of the Investment Opportunity Set, Operating Profit Margin, Cash Flow from Operating Activities and Cash Flow to Equity simultaneously on the Dividend Payout Ratio in metal companies listed on the Indonesia Stock Exchange for the 2016-2020 period. This study uses a quantitative approach, the regression analysis technique used in this study is a multiple linear regression analysis technique. The results of this study indicate that there is an influence between the Investment Opportunity Set on Dividend Policy. There is an effect of Operating Profit Margin on Dividend Policy. There is no influence of Cash Flow From Operating Activities on the Dividend Policy in. There is an effect of Cash Flow to Equity on Dividend Policy and the Fcount Value is 12, 130 with a significant level of 0.000, while Ftable is known to be 2.68. Based on these results, it can be seen that Fcount > Ftable (12,130 > 2,68) so that H0 is rejected and Ha is accepted so it can be concluded that the variables of Investment Opportunity Set, Operating Profit Margin, Cash Flow From Operating Activities, Cash Flow to Equity together have significant influence on the Dividend Policy of Metal Companies Listed on the Indonesia Stock Exchange for the 2016-2020 period.

scholarly journals PENGARUH ALIRAN KAS BEBAS DAN SET KESEMPATAN INVESTASI TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI

2019 ◽  
Vol 19 (1) ◽  
pp. 33
Author(s):  
Burhanudin Burhanudin ◽  
Siti Aisyah Hidayati ◽  
Muhamad Zainudin Tohri
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Positive Influence ◽  
Free Cash Flow ◽  
Sample Survey ◽  
Analysis Method ◽  
Company Value ◽  
Sample Data

The reaserch examine about the influence of free cash flow and set of infesmnet opportunities toward company value with dividend policy as moderation variable the reaserch aim is to find out a) the influence of free cash flow toward company value b) the influence  invesment opportunities set toward company value c) whether the dividend policy is able to mederate the influence of free cash flow toward company value d) whether the dividend policy is able to mederate the influence invesment opportunities set toward company value, the reaserch sample is manufacturing company which listed in indonesia stock exchange period of 2012-2016, sample received trough sample survey based on criterion detemined thus, obtained 15 companies become sample data analysis use simple linier regression analysis on hypothesis 1 and 2 later, double regression with modertated with moderated regression analysis method (MRA) for hypothesis 3 and 4. Reaserch result shows that free cash flow have a positive influence toward company value, invesment opportunites set have possitive influence toward company value while moderated regression analysis (MRA) shows that dividend policy weaken the influence between free cash flow and company value, and dividend policy also weaken the influence between  invesment opportunites set and company value.   Keyword : Free cash flow, set of invesment opportunites, dividend policy, company value.

scholarly journals PENGARUH PROFITABILITAS TERHADAP NILAI PERUSAHAAN DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PERUSAHAAN INDEKS KOMPAS 100

2020 ◽  
Vol 9 (2) ◽  
pp. 658
Author(s):  
I Wayan Edi Suliastawan ◽  
Ni Ketut Purnawati
Keyword(s):  
Regression Analysis ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Significant Positive Effect ◽  
Mining Companies ◽  
Company Value ◽  
Analysis Technique ◽  
Positive Effect

The value of the company can provide maximum shareholder prosperity if the performance is good. one of them can be measured by profitability and other factors that influence company value are dividend policy. The purpose of this study was to determine the effect of profitability on firm value with dividend policy as a moderating variable in the Kompas 100 Index company. This research was conducted in all mining companies incorporated in the Kompas 100 Index on the Indonesia Stock Exchange (IDX). The number of samples, using the purposive sampling method is as many as 17 companies from 100 companies during the 2014-2018 period. The data analysis technique applied in this study is the regression analysis moderation. The results of the analysis produce, profitability has a significant positive effect on firm value. Dividend policy has a significant positive effect on firm value. Dividend policy moderates the effect of profitability on company value in the mining sector of the Kompas 100 Index. Keyword : profitability, dividend policy and company value.  

scholarly journals Pengaruh Free cash flow, Kepemilikan Institusional, Profitabilitas dan Leverage Tehadap Kebijakan Dividen Tunai Pada Perusahaan Property dan Real estate yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 15 (2) ◽  
pp. 26-34
Author(s):  
Syelly Wulandari ◽  
Nita Priska Ambarita ◽  
Mia Dwi Puji Wahyuni Darsono
Keyword(s):  
Real Estate ◽  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Predictive Ability ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Equity Ratio ◽  
Positive Effect

This research aims to examine and analyze the effect of free cash flow, institutional ownership, profitability and Leverage on dividend policy by using an approach multiple regression model. The proxies used to measure the financial elements are free cash flow, institutional ownership, Return on Assets and debt to equity ratio. The population in this research is property and real estate  companies listed in Indonesia Stock Exchange for six years (2014-2019). Election sample procedure uses purposive sampling and the result are existed 5 companies that fulfill criteria so that amount of data studied by 30 data. The results of this research show that free cash flow, institutional ownership and profitability have a significant effect on dividend policy proxied by Dividend payout ratio. Leverage which is measured by debt to equity ratio hasn’t a significant effect on dividend policy. Free cash flow has a positive effect on dividend policy. Institutional ownership has a positive effect on dividend policy. Profitability which is measured by Return on Assets has a negative effect on dividend policy. The predictive ability of these variabel on dividend policy is 49,6% as shown by the amount of R square, while 50,4% is affected by the other factor which is not included in the research model.

scholarly journals The Moderating Effect of Dividend Policy on Free Cash Flow and Profitability Towards Firm Value

2018 ◽  
Vol 7 (3) ◽  
pp. 1
Author(s):  
G.A Sri Oktaryani ◽  
Siti Sofiyah Abdul Mannan
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Cash Flow ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Moderating Effect ◽  
Cash Dividend

This study is aimed to determine the moderating effect of Dividend Policy on Free Cash Flow and Profitability towards Firm Value. This study use Moderate Regression Analysis (MRA) as tool to analyze the moderating effect of Dividend Policy on the sample tested. Sample are chosen by using purposive sampling method from all manufacture firms that listed on Indonesian Stock Exchange throughout 2010-2015 which offered cash dividend to their shareholders. By using panel data, the findings show that Free Cash Flow and Profitability themselves have significant effect on Firm Value. But conversely, each Free Cash Flow and Profitability does not have significant effect on Firm Value after being moderated by Dividend Policy. It is because the direct effect of Free Cash Flow and Profitability toward Firm value is bigger than the indirect effect. The results indicate that Dividend Policy is just predictor moderation in this case.Dividend Policy, Free Cash Flow, Profitability, Firm Value, Manufacture, MRA

scholarly journals The Moderating Effect of Dividend Policy on Free Cash Flow and Profitability Towards Firm ValueThe Moderating Effect of Dividend Policy on Free Cash Flow and Profitability Towards Firm Value

2020 ◽  
Vol 7 (3) ◽  
Author(s):  
G.A Sri Oktaryani ◽  
Siti Sofiyah ◽  
Abdul Mannan
Keyword(s):  
Regression Analysis ◽  
Panel Data ◽  
Cash Flow ◽  
Firm Value ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Moderating Effect ◽  
Cash Dividend

This study is aimed to determine the moderating effect of Dividend Policy on Free Cash Flow and Profitability towards Firm Value. This study use Moderate Regression Analysis (MRA) as tool to analyze the moderating effect of Dividend Policy on the sample tested. Sample are chosen by using purposive sampling method from all manufacture firms that listed on Indonesian Stock Exchange throughout 2010-2015 which offered cash dividend to their shareholders. By using panel data, the findings show that Free Cash Flow and Profitability themselves have significant effect on Firm Value. But conversely, each Free Cash Flow and Profitability does not have significant effect on Firm Value after being moderated by Dividend Policy. It is because the direct effect of Free Cash Flow and Profitability toward Firm value is bigger than the indirect effect. The results indicate that Dividend Policy is just predictor moderation in this case.Keywords:Dividend Policy, Free Cash Flow, Profitability, Firm Value, Manufacture, MRA

Sign in / Sign up

Export Citation Format

Share Document