The Effect of Liquidity, Leverage and Profitability, on Dividend Policy in IDX High Dividend 20 Index Companies Listed On the Indonesia Stock Exchange

IF 0.6 Q3 SOCIAL SCIENCES, INTERDISCIPLINARY Pertanika Journal of Social Science and Humanities Pub Date : 2023-08-28 DOI:10.18535/sshj.v7i08.862

Dominicus Djoko Budi Susilo

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Abstract

This study aims to determine the effect of liquidity, leverage and profitability, on dividend policy in IDX High Dividend 20 index companies listed on the Indonesia Stock Exchange. The location of this research is on the Indonesia Stock Exchange (IDX) by accessing the official IDX website, www.idx.co.id. The population in this study were 20 IDX High Dividend 20 index companies listed on the Indonesia Stock Exchange in 2015-2017. The sample analysis technique used is purposive sampling technique, namely 20 companies with a total of 60 observations. The data analysis technique used is multiple linear regression analysis, multiple correlation analysis, determination analysis and ujit. The test results show that liquidity has a positive and significant effect on dividend policy in IDX High Dividend 20 index companies; leverage has a negative and significant effect on dividend policy in IDX High Dividend 20 index companies; profitability has a positive and significant effect on dividend policy in IDX High Dividend 20 index companies.

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流动性、杠杆和盈利能力对印尼证券交易所IDX高股息20指数公司股利政策的影响

本研究旨在确定流动性、杠杆和盈利能力对印尼证券交易所上市的IDX高股息20指数公司股息政策的影响。这项研究的位置是在印度尼西亚证券交易所(IDX)通过访问官方IDX网站，www.idx.co.id。本研究的人口是2015-2017年在印度尼西亚证券交易所上市的20家IDX高股息20指数公司。使用的样本分析技术是有目的抽样技术，即20家公司共60个观察值。使用的数据分析技术有多元线性回归分析、多元相关分析、确定分析和ujit。检验结果表明，流动性对IDX高分红20指数公司的股利政策有显著的正向影响;杠杆对IDX高股息20指数公司的股息政策有显著的负向影响;在IDX高分红20指数公司中，盈利能力对股利政策有显著的正向影响。

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来源期刊

Pertanika Journal of Social Science and Humanities SOCIAL SCIENCES, INTERDISCIPLINARY-

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1.20

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0.00%

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期刊介绍： Pertanika Journal of Social Sciences & Humanities aims to develop as a pioneer journal for the social sciences with a focus on emerging issues pertaining to the social and behavioural sciences as well as the humanities. Areas relevant to the scope of the journal include Social Sciences - Accounting, anthropology, Archaeology and history, Architecture and habitat, Consumer and family economics, Economics, Education, Finance, Geography, Law, Management studies, Media and communication studies, Political sciences and public policy, Population studies, Psychology, Sociology, Technology management, Tourism; Humanities - Arts and culture, Dance, Historical and civilisation studies, Language and Linguistics, Literature, Music, Philosophy, Religious studies, Sports.