INTERVINING DEBT POLICY THE EFFECT FREE CASH FLOW AND INVESTMENT OPPORTUNITY SET TO DIVIDEND POLICY

Autor:	Ali Maddinsyah, Rachmat Kartolo, Sugiyanto Sugiyanto
Rok vydání:	2021
Předmět:	education.field_of_study Free cash flow media_common.quotation_subject Population Monetary economics Dividend policy Investment (macroeconomics) Nonprobability sampling Stock exchange Debt Economics Set (psychology) education media_common
Zdroj:	SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business. 4:642-652
ISSN:	2621-3389 2615-3009 2015-2019
DOI:	10.37481/sjr.v4i3.347
Popis:	This study aims to examine the effect of free cash flow and investment opportunity set on dividend policy with debt policy as an intervening variable. This type of research is quantitative causality using the population in this study is a consumer goods industry manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019. The selection of data samples using purposive sampling technique. The analytical method used is path analysis. The results of this study indicate that free cash flow has a positive and significant effect on debt policy, investment opportunity set has no effect on debt policy, free cash flow has a positive and significant effect on dividend policy, investment opportunity set has no effect on dividend policy, free cash flow and investment The opportunity set simultaneously influences the dividend policy, the debt policy does not mediate the effect of free cash flow on the dividend policy and the debt policy does not mediate the effect of the investment opportunity set on the dividend policy.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_________::94755e95c70f6fa15efd8a5ae72c28aa https://doi.org/10.37481/sjr.v4i3.347 Zobrazit plný text záznamu