Pengaruh Dividend Payout Ratio, Struktur Aset, Stabilitas Penjualan, Ukuran Perusahaan dan Risiko Bisnis Terhadap Keputusan Pendanaan pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2020 – 2023

Abstract

Funding decisions are decisions to seek available funding sources. Funding decisions are often said to be capital structure policies because in making these decisions, financial managers need to consider and analyze economic funding sources for business activities and other needs. The aim of this research is to analyze the influence of Dividend Payout Ratio, Asset Structure, Sales Stability, Company Size and Business Risk simultaneously on Funding Decisions. This research uses associative research, the research population is mining sector companies listed on the Indonesia Stock Exchange for the 2020-2023 period. The sample used in this research is mining companies listed on the IDX that meet certain criteria. Based on the sampling criteria according to purposive sampling that have been determined, from a total population of 49 companies, 11 samples of companies were obtained that met the criteria with a total of 11 x 4 research years = 44 observations. The data analysis used is the classic assumption test, multiple linear regression test, R2 test, t test and F test. The research results show that partially there is an influence of dividend payout ratio, sales stability and business risk on funding decisions and there is no influence between asset structure and company size. Simultaneous results show that there is a simultaneous influence of dividend payout ratio, asset structure, sales stability, company size and business risk on funding decisions.