Journal of Applied Islamic Economics and Finance
Vol 2 No 3 (2022): Journal of Applied Islamic Economics and Finance (June 2022)

Analisis Determinan Kebijakan Dividen Perusahaan Consumer Non-Cyclicals yang Terdaftar di Indeks Saham Syariah Indonesia

Faisal Ihsannuddin (Program Studi D4 Keuangan Syariah, Politeknik Negeri Bandung)
Kristianingsih Kristianingsih (Jurusan Akuntansi, Politeknik Negeri Bandung)
Hazma Hazma (Jurusan Akuntansi, Politeknik Negeri Bandung)



Article Info

Publish Date
30 Jun 2022

Abstract

The purpose of this study was to determine the factors that influence dividend policy. This study examines the effect of leverage as measured by the Debt to Equity Ratio, free cash flow, and collateralizable assets on dividend policy as measured by the Dividend Payout Ratio. The type of research used is quantitative research, and the population used in this study is non-cyclical consumer companies that are members of the ISSI for the 2016-2020 period. Obtained as many as 16 companies that meet the criteria to be used as research samples. The data analysis technique used is multiple linear regression analysis on panel data. The results showed that partially, Leverage and Free Cash Flow had a negative and insignificant effect on Dividend Policy, while Collateralizable Assets had no significant positive effect on Dividend Policy. In addition, dividend policy is affected by Leverage, Free Cash Flow and Collateralizable Assets simultaneously.

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Journal Info

Abbrev

jaief

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Journal of Applied Islamic Economics and Finance is a journal published by the Accounting Department of Politeknik Negeri Bandung, Indonesia. JAIEF (e-ISSN: 2746-6213) is published thrice a year (October, February, and June). As the name implies, this journal brings two major themes, namely Islamic ...