PENGARUH LEVERAGE, INVESTMENT OPPORTUNITY SET (IOS) TERHADAP KEBIJAKAN DEVIDEN DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI ( Studi Kasus Pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia Periode 2017-2020 )

Cantika Canda Aprillia, Heidy Paramitha Devi

Abstract


The purpose of this study was to determine the Effect of Leverage, Investment Opportunity Set (IOS) on Dividend Policy with Profitability as a Moderating Variable (Case Study on Manufacturing Companies listed on the Indonesia Stock Exchange for the 2017-2020 period). The sample in this study amounted to 37 companies listed on the Indonesia Stock Exchange (IDX) for the 2017-2020 period. The research method used is quantitative research. Data collection techniques using secondary data. The analysis technique uses multiple linear regression analysis and the analytical tool used is SPSS 23. The results show that Leverage has a significant positive effect on dividend policy, Investment Opportunity Set (IOS) has a significant negative effect on dividend policy. Profitability is not able to moderate Leverage on dividend policy, Profitability is not able to moderate Investment Opportunity Set (IOS) on dividend policy.

Keywords: Leverage, Investment OpportunitySet (IOS), Profitability


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