Journal article

Anteseden Dividend Policy on Manufacturing Industry in Indonesia Stock Exchange

Gregorius Paulus Tahun Ni Luh Putu Wiagustini Henny Rahyuda LUH GEDE SRI ARTINI

Volume : 8 Nomor : 18 Published : 2017, August

Research Journal of Finance and Accounting

Abstrak

The purpose of this study is to prove (1) the determinant of dividend policy, (2) develop the concept of self finance as a mediator of the determinant on dividend policy. This study used a qualitative approach. The numbers of samples were 17 companies. The results showed that the free cash flow, ownership structure, total asset turnover not significantly effected on dividend policy, while leverage, profitability and liquidity had a positive and significant impact on dividend policy. Self financing ratio can not strengthen the influence of free cahs flow, ownership structure, total asset turnover, leverage, profitbaility and liquidity on manufacturing industry in Indonesia Stock Exchange. Keywords: creative leadership, knowledge sharing, innovation