PENGARUH EVA, FCF TERHADAP KEBIJAKAN DIVIDEN DENGAN KEPEMILIKAN MANAJERIAL SEBAGAI VARIABEL MODERASI

Vita Kumala Sari, Nik Amah

Abstract


This study aims to examine the effect of Economic Value Added and Free Cash Flow on Dividend Policy with Managerial Ownership as a Moderation Variable in Mining Companies Registered on the Indonesia Stock Exchange in 2013-2017. This research was conducted on mining companies listed, a number of 41 companies. The sample in this study amounted to 25 mining companies during the 2013-2017 period. Sampling using a purposive sampling technique. The analytical tool used in this study is logistic regression. Based on the results of the logistic regression test showed that economic value added and free cash flow variables do not affect dividend policy. Whereas managerial ownership is able to moderate economic value added and managerial ownership is not able to moderate free cash flow towards dividend policy.
Keywords: Economic Value Added, Free Cash Flow, Dividend Policy, and Managerial Ownership


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References


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