AFEBI Management and Business Review
Vol. 5 No. 2 (2020): December

Firm Size As A Moderation Factor: Testing The Relationship of Capital Structure With Dividend Policy

Akhmadi Akhmadi (University of Sultan Ageng Tirtayasa)
Bambang Mahmudi (University of Sultan Ageng Tirtayasa)
Moh Muksin (University of Sultan Ageng Tirtayasa)
Indra Suhendra (University of Sultan Ageng Tirtayasa)
Rina F (University of Sultan Ageng Tirtayasa)



Article Info

Publish Date
27 Dec 2020

Abstract

This study examines size as a variable that can strengthen and weaken the relationship between debt policy and dividend policy. Presearch using a sample of 26 companies  of 65 population Basic industrial and chemical manufacturing companies listed on the Indonesia Stock Exchange in 2011-2015, which is determined by purposive technique. The variables observed include debt policy as an independent variable, dividend policy as the dependent variable, and firm size as a moderating variable. The analysis tool uses regression moderating analysis (MRA). The results prove that the Debt to Asset Ratio (DAR) has a negative and insignificant effect on the Dividend Payout Ratio (DPR), firm size negatively moderates and there is a significant relationship between capital structure and dividend policy.

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Journal Info

Abbrev

ambr

Publisher

Subject

Economics, Econometrics & Finance

Description

AFEBI Management And Business Review (AMBR) is an academic journal which is published twice a year (June and December) by The Association of The Faculty of Economics and Business Indonesia. AMBR is aimed as an outlet for theoretical and empirical research in the field of management and business and ...