Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy
| Autor: | Jozef R. Pattiruhu, Maartje Paais |
|---|---|
| Rok vydání: | 2020 |
| Předmět: |
Ordinal data
Economics and Econometrics Leverage (finance) 05 social sciences Real estate Dividend policy Management Information Systems Market liquidity Current ratio Stock exchange 0502 economics and business Economics Econometrics 050211 marketing Profitability index 050203 business & management Finance |
| Zdroj: | The Journal of Asian Finance, Economics and Business. 7:35-42 |
| ISSN: | 2288-4645 2288-4637 |
| DOI: | 10.13106/jafeb.2020.vol7.no10.035 |
| Popis: | This study aims to investigate the relationship between the variables of Current Ratio (CR), Return-on-Equity (ROE), Return-on-Assets (ROA), Debt-to-Equity Ratio (DER), and Firm Size (FS) on Dividend Policy (DP) in real estate and property companies listed on the Indonesia Stock Exchange in the period 2016-2019, looking at nine real estate companies in Indonesia. The research methodology uses an explanatory analysis approach and linear regression. Based on the eligibility and homogeneity of the data, the number of sample companies selected was nine companies. The company’s financial statement data derived from primary data obtained on the Indonesia Stock Exchange, such as current ratio (CR), return-on-equity (ROE), return-on-assets (ROA), debt-to-equity ratio (DER) and firm size and dividend policy variables. The data analysis procedure is first to transform financial data from the original ratio data into interval data and, then, transform it to ordinal data. Furthermore, the validity and reliability process are ignored because the data is primary. Finally, regression testing is part of the hypothesis testing stage. The results of this study showed that the CR, ROE, and firm size had no positive and significant effect on dividend policy. In contrast, DER and ROA have a positive and significant impact on dividend policy. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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