PENGARUH LIKUIDITAS, ALIRAN KAS BEBAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2012-2014
Daftar Isi:
- Generally investors tend to want a stable dividens distribution, with the stability of dividend can increase the confidence of investors to their funds in the company. The purpose of this study is to determine the effect of liquidity, free cash flow, and firm size on dividend policy. Sample in this study is manufacturing companies listed in Indonesia Stock Exchange in 2012-2014. Sample was determined by purposive sampling method, samples were obtained by 96 data. Technique data analysis using multiple linear regression analysis. The results of this study show that: 1). Liquidity a significant negative effect and not significant on dividend policy; 2). Free cash flow a significant positive effect on dividend policy; 3). Firm size a significant negative effect and not significant on dividend policy. Key words : Dividend Policy, Liquidity, Free Cash Flow, Firm Size