Pengaruh Leverage, Likuiditas, Profitabilitas, dan Growth terhadap Kebijakan Dividen dengan Ukuran Perusahaan sebagai Variabel Moderating pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Tahun

Abstract

This study aims to examine and analyze the effect of leverage, liquidity, profitability, and growth on dividend policy with firm size as a moderating variable in consumer goods industrial manufacturing companies listed on the Indonesia Stock Exchange in 2015 - 2020. This study uses secondary data with The sample is 39 manufacturing companies in the consumer goods industry sector using purposive sampling method. The data analysis technique used moderation regression analysis using the SPSS 21 application program. The regression results from this study showed that leverage partially had no effect on dividend policy. Meanwhile, Liquidity, Profitability, and Growth partially have a significant positive effect on dividend policy. Furthermore, Leverage, Liquidity, Profitability and Growth simultaneously have a significant effect on the dividend policy of companies in the consumer goods sector listed on the IDX in 2015-2020. Company size is able to moderate the negative influence of Leverage on dividend policy. Company size is also able to moderate the positive influence of Liquidity, Profitability, and Growth on the dividend policy of consumer goods sector companies listed on the IDX in 2015-2020.