Pengaruh Investment Opportunity Set, Leverage, dan Kepemilikan Institusional Terhadap Kebijakan Dividen Dengan Likuiditas Sebagai Variabel Moderasi Pada Indeks Kompas 100 di Bursa Efek Indonesia

Abstract

Abstract

This research aims to determine the effect of investment opportunity set, leverage, and institutional ownership on dividend policy with liquidity as moderating variable on kompas 100 index in Indonesia Stock Exchange. This research using the data of kompas 100 index for five years that is 2018-2022 period with using quantitative research. Based on purposive sampling, a sample of 42 companies and 210 observation was obtained. The data analysis technique using descriptive statistical analysis and panel regression analysis with the data analysis tool using eviews12. The result is investment opportunity set and institutional ownership effect is positive and significant on dividend policy. Leverage has no effect on dividend policy. Liquidity able to moderate leverage and institutional ownership on dividend policy. Liquidity not able to moderate investment opportunity set on dividend policy.

Keywords: Investment Opportunity set, Leverage, Institutional Ownership, Liquidity, And Dividend Policy

Refrensi

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