Anteseden Kebijakan Dividen pada Perusahaan Konstruksi Periode 2015-2019
DOI:
https://doi.org/10.35130/1130032Keywords:
Capital Structure, Liquidity, Company Growth, Profitability, Dividend PolicyAbstract
This research is aimed to analyze dividend policy’s antecedent variables which consists of capital structure, liquidity, company growth and profitability of construction companies listed in Indonesia Stock Exchange (BEI) in the 2015-2019 period. This research used secondary data which obtained using documentation techniques, namely taking the data from company’s annual reports published by Indonesia Stock Exchange in the 2015-2019 period. This research used Purposive Sampling as the sampling technique. The data obtained are 40 data from 8 construction company that became the sample. Multiple Linier Regression is used as the analysis technique and the hypothesis is tested using T Test with a significant level of 5%. The result shows that profitability has a significant effect on dividend policy of construction companies, while capital structure, liquidity and company growth do not have a significant effect on dividend policy of construction companies.
References
Abrar, B., Ghazyla, R., & Arisandi, D. (2017). Analysis the Impact of Profitability, Liquidity, Leverage and Company Size on Dividend Policy. IMAR, 16(02).
Ahmad, G. N., & Wardani, V. K. (2014). The Effect of Fundamental Factors to Dividend Policy: Evidence in Indonesia Stock Exchange. International Journal of Business and Commerce, 4(02), 14–25.
Al-Kuwari, D. (2009). Determinants of the Dividend Policy in Emerging Stock Exchanges: The Case of GCC Countries. Global Economy & Finance Journal, 2(2), 38–63.
Ananda, A. F., Sanusi, A., & Harmono. (2018). Effect of Profitability of Corporate Value through Dividend Policy. IOSR Journal of Business and Manajement, 20(7), 14–22.
Badara, M. S., Jinadu, A. G., & Opeyemi, M. F. (2017). Impact of Capital Structure on Dividend Pay-out Ratio in Unilever Nigerian PLC. Sahel Analyst: Journal of Management Sciences, 15(1), 61–75.
Bhattacharya, S. (1979). Imperfect Information, Dividend Policy, and “The Bird in the Hand” Fallacy. The Bell Journal of Economics.
Brealey, R. A., Myers, S. C., & Marcus, A. J. (2008). Dasar-Dasar Manajemen Keuangan Perusahaan. Jakarta: Erlangga.
Brigham, E. F., & Houston, J. F. (2014). Dasar-Dasar Manajemen Keuangan Edisi 11 Buku 1. Salemba Empat Jakarta.
Esfahani, A. Z., & Jaffar, R. (2013). The Effect of Corporate Governance and Capital Structure on Dividend Payment: Evidence from Malaysia. ISBN: 978-1-61804-159-3.
Hanafi, M. (2016). Manajemen Keuangan Edisi 2. Yogyakarta: BPFE.
Horne, J. C. Van, & Wachowicz, J. M. (2012). Prinsip-prinsip Manajemen Keuangan. Edisi 13. Jakarta: Salemba Empat.
Kasmir. (2016). Analisis Laporan Keuangan. Jakarta: PT RajaGrafindo Persada.
Marfo-Yiadom, E., & Agyei, S. K. (2011). Determinants of Dividend Policy of Banks in Ghana. International Research Journal of Finance and Economics, 3(61).
Nikmatussolichah., Mahsuni, A. W., & Afifudin. (2018). Pengaruh Profitabilitas, Likuiditas, dan Pertumbuhan Perusahaan terhadap Kebijakan dan Nilai Perusahaan Manufaktur yang Terdaftar di BEI Tahun 2015-2017. E-JRA, 07(09), 77–91.
Olang, M. A., Akenga, G. M., & Mwangi, J. M. (2015). Effect of Liquidity on Dividend Pay-out by Firms Listed at he Nairobi Securities Exchange, Kenya. Science Journal of Businessand Management, 3(5), 196–208.
Suharsimi, A. (2013). Prosedur Penelitian : Suatu Pendekatan Praktik (Edisi Revisi). Jakarta: Rineka Cipta.
Sujarweni, V. W. (2017). Analisis Laporan Keuangan Reori, Aplikasi & Hasil Penelitian. Yogyakarta: Pustaka Baru Press.
Sujarweni, V. W. (2019). SPSS untuk Penelitian. Yogyakarta: Pustaka Baru Press.
Sundjaja, R. S., & Inge, B. (2010). Manajemen Keuangan Dua (Enam). Jakarta: Literata Lintas Media.
Sutrisno. (2013). Manajemen Keuangan Teori Konsep dan Aplikasi. In Manajemen Keuangan Teori Konsep dan Aplikasi.
Tandelilin, E. (2017). Pasar Modal Manajemen Portofolio & Investasi. Yogyakarta: PT Kanisius.
Wahyuliza, S., & Fahyani, R. (2019). Pengaruh Pertumbuhan Perusahaan, Ukuran Perusahaan, Struktur Modal dan Return of Equity terhadap Kebijakan Dividen pada Perusahan Manufaktur yang Terdaftar di Bursa Efek Indonesia. Benefita, 4(1), 78–86.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Muhammad Noviar Rahman, Atma Hayat
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
