Journal of Business & Banking
Vol 12, No 2 (2022): November 2022 - April 2023

Kontrol Keluarga dan Kemungkinan untuk Membayar Dividen: Pengaruh Volatilitas Arus Kas

Nunik Dwi Kusumawati (Universitas Negeri Surabaya)



Article Info

Publish Date
05 Apr 2023

Abstract

This study aims to analyze the effect of family control on the likelihood of paying dividends with cash flow uncertainty as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange. This study analyzed the data by using Logistic Regression and the sample by a purposive sampling in the sampling method. The results show that family firms have a lower probability of paying dividends than non-family firms. However, cash flow uncertainty only acts as a predictor variable and does not moderate the effect of family control on the likelihood of paying dividends. The implication is that family companies have a lower probability of paying dividends compared to non-family companies, so investors need to consider the type of company in selecting investments in the company.

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