PENGARUH RESIKO BISNIS DAN PROFITABILITAS TERHADAP KEBIJAKAN DIVIDEN DI SEKTOR KEUANGAN INDONESIA SELAMA MASA PANDEMI

Haris Reza Fathony, Djuminah Djuminah

Abstract


This research has the objective to assess various factors influencing dividend policies. The research method employed purposive sampling, selecting a sample from 92 financial sector companies listed on the Indonesia Stock Exchange over a period of three years, from 2020 to 2022. The research employs logistic regression and probit model analysis tools, using Eviews 12 software, to examine the independent variables, namely business risk and profitability, along with control variables like leverage and firm size, that influence dividend policies during the Covid-19 pandemic. This type of research with a quantitative approach. The data collection technique uses secondary data, namely financial reports obtained on the official IDX website. From the research outcomes, it is evident that business risk and leverage have a negative impact on dividend policies. Meanwhile, profitability and firm size have a positive influence on dividend policies. These outcomes can serve as a guide for practitioners to focus on enhancing company performance while ensuring that shareholders receive optimal dividend returns.

Keywords: Dividend policy, business risk, profitability, logistic regression

 


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DOI: https://doi.org/10.31326/.v5i1.1973

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