Faktor Determinan Kebijakan Dividen Pada Perusahaan Property And Real Estate Yang Terdaftar Di Bursa Efek Indonesia

Abstract

Abstract

This study aims to determine the effect of Managerial Ownership, Free Cash Flow, Company Size and Profitability on Dividend Policy on property and real estate companies listed on the Indonesia Stock Exchange (IDX). The data analysis technique used is explanatory research using a quantitative approach. The population in this study amounted to 48 companies, the sample selection in this study used a purposive sampling method, the technique of determining the research sample using established considerations. So that a sample of 10 companies was obtained. The data source in this study is the financial statements of property and real estate companies in the period 2015 - 2019. The method used is panel data regression.

From the results of this study can be seen that the Managerial Ownership variable partially had a negative and significant effect on Dividend Policy, the Free Cash Flow variable had a non-significant positive effect on Dividend Policy, the Company Size variable had a positive and significant effect on Dividend Policy. While Profitability has a negative and not significant effect on Dividend Policy

Keywords: Managerial Ownership, Free Cash Flow, Company Size, Profitability and Dividend Policy