The Effect of Audit Commitee, Liquidity, Profitability, and Leverage on Dividend Policy in Consumer Goods Sector Companies Listed on the Indonesian Stock Exchange


Authors : Roby Ferbiyanto; Indra Siswanti

Volume/Issue : Volume 7 - 2022, Issue 7 - July

Google Scholar : https://bit.ly/3IIfn9N

Scribd : https://bit.ly/3zPJNFL

DOI : https://doi.org/10.5281/zenodo.6958147

Abstract : This research intends to determine the effect of audit committee, liquidity, profitability, and leverage on dividend policy. This research was conducted on consumer goods sector companies listed on the Indonesia Stock Exchange for the period 2016-2020. The sampling technique used in this study was purposive sampling, as many as 18 samples. The data were analyzed using panel data regression with a multiplication interaction structure so that it became 90 observations. The results of the study simultaneously show that audit committee, liquidity, profitability, and leverage have a positive significance on dividend policy. Partially, audit committee has negative insignificance on dividend policy, the current ratio has a positive significance on dividend policy, return on equity has a positive significance on dividend policy, and the debt to equity ratio has a negative insignificant on dividend policy.

Keywords : Audit Committee, Liquidity, Profitability, Leverage, Dividend Policy.

This research intends to determine the effect of audit committee, liquidity, profitability, and leverage on dividend policy. This research was conducted on consumer goods sector companies listed on the Indonesia Stock Exchange for the period 2016-2020. The sampling technique used in this study was purposive sampling, as many as 18 samples. The data were analyzed using panel data regression with a multiplication interaction structure so that it became 90 observations. The results of the study simultaneously show that audit committee, liquidity, profitability, and leverage have a positive significance on dividend policy. Partially, audit committee has negative insignificance on dividend policy, the current ratio has a positive significance on dividend policy, return on equity has a positive significance on dividend policy, and the debt to equity ratio has a negative insignificant on dividend policy.

Keywords : Audit Committee, Liquidity, Profitability, Leverage, Dividend Policy.

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