ANALISIS PENGARUH PROFITABILITAS DAN IOS TERHADAP KEBIJAKAN DIVIDEN DENGAN LIKUIDITAS SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR
Abstract: Dividend
policy is a
decision whether the
acquired company profits will
be distributed to
investors as dividends
or retained as profits were detained in order to invest in the coming.
This study aimed to
examine the impact
of profitability and
investment opportunity set (IOS) on dividend policy with liquidity as
moderating variable. Research sample
is determined by
purposive sampling method, and
there are 16 company from 138 manufacturing company which registered in BEI
during 2008-2012 which in accordance with the criteria. The data analyzed using
moderated regression analysis (MRA). In addition, classical assumption is also
performed including normality test,
multicolinearity test, heteroscedasticity test
and autocorrelation test. Dividend
policy variable measured
using the dividend payout
ratio (DPR), profitability
variable measured using return on equity (ROE), IOS variable
measured using market to book value of
equity (MVE), and
liquidity variable measured
using cash ratio (CR). The result
of this study indicate that profitability and IOS significantly affect on
dividend policy. As well as liquidity not able to moderated the relationship
between profitability and IOS on dividend policy.
Penulis: MAULIDIYAH NUR AZMI, AGUNG
LISTIADI
Kode Jurnal: jpmanajemendd140999
