Pengaruh Corporate Social Responsibility, Kepemilikan Manajerial, dan Kesempatan Investasi terhadap Kebijakan Dividen
Keywords:
Corporate Social Responsibility, Managerial Ownership, Investment Opportunities, Dividend PolicyAbstract
Dividend policy is one of the company policies that must be carefully considered and considered. The dividend policy determines the amount of profit allocation that can be distributed to shareholders (dividend). The size of the dividend that will be paid by the company depends on the dividend policy of each company. This research aims to determine the influence of corporate social responsibility, managerial ownership and investment opportunities on dividend policy in companies that directly utilize natural resources listed on the Indonesia Stock Exchange in 2021-2023. The population of this research are companies that directly utilize natural resources which are listed on the Indonesia Stock Exchange (BEI) during the 2021- 2023 research period, totaling 30 companies. The sampling technique used in this research was a saturated sample, so that 30 companies and 90 observations were obtained. The analysis technique used in this research is multiple linear regression. The research results show that the variables corporate social responsibility, managerial ownership and investment opportunities have a negative effect on dividend policy. Suggestions for further research are to expand the scope of research, such as in the manufacturing sector, adding other independent variables, such as company size, profitability and leverage.
References
Arilaha, M. A. (2009). Pengaruh Free Cash Flow, Profitabilitas, Likuiditas, Dan Leverage Terhadap Kebijakan Dividen. Jurnal Keuangan Dan Perbankan, 13(1), 78–87.
Atari, J., Nasir, A., & Ilham, E. (2016). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Dan Kebijakan Hutang Terhadap Tax Aggressive. JOM Fekon, 3(2), 1137–1149.
Bangun, N., Yuniarwati, Y., & Santioso, L. (2018). Pengaruh corporate governance, profitability, dan foreign ownership terhadap dividend policy pada perusahaan manufaktur yang terdaftar di bursa efek indonesia Periode 2014- 2016.Jurnal.Akuntansi, 279. https://doi.org/10.24912/ja.v22i2.353
Caliskan, Y. (2016). Pengaruh Leverage, Kepemilikan Manajerial Dan Growth Terhadap Kebijakan Dividen. Pratiwi Zulkarnain, May, 31–48.
Jensen dan Meckling. (1976). Racial diversity and its asymmetry within and across hierarchical levels: The effects on financial performance. Human Relations, 72(10), 1671–1696. https://doi.org/10.1177/0018726718812602
Jensen, M. C. (n.d.). Teori Perusahaan Yang : Perilaku Manajerial , Bia Biay Y A Agency Dan Struktur Kepemilikan.
Lajar, S. N. I., & Marsudi, A. S. (2022). Dampak Kepemilikan Manajerial, Kepemilikan Institusional, Likuiditas, Profitabilitas, Dan Kebijakan Utang Terhadap Kebijakan Dividen Di Industri Pertambangan Indonesia. BALANCE: Jurnal Akuntansi, Auditing Dan Keuangan, 18(2), 148–162. https://doi.org/10.25170/balance.v18i2.3133
Samrotun, Y. C. (2015). Surakarta Size terhadap Kebijakan Dividen pada Perusahaan Industri Barang …. Jurnal Paradigma, 13(01), 92–103.
Spence, M. (1973). Job Market Signaling Author ( s ): Michael Spence Source : The Quarterly Journal of Economics , Vol . 87 , No . 3 ( Aug ., 1973 ), pp . 355-374 Published by : The MIT Press Stable URL : http://www.jstor.org/stable/1882010. The Quarterly Journal of Economics, 87(3), 355–374. https://doi.org/10.1055/s- 2004-820924
Susilo, B. W., Riyono, R., & Atmini, N. D. (2020). Analisis Pengaruh Profitabilitas Dan Leverage Terhadap Kebijakan Dividen. JBE (Jurnal Bingkai Ekonomi), 5(2), 37– 44. https://doi.org/10.54066/jbe.v5i2.85
Pangaribuan, L. N., Susanti, E., Putri, J. A., & Sembiring, L. D. (2019). Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan Pada Sub Sektor Rokok Yang Terdaftar Di Bursa Efek Indonesia. Financial: Jurnal Akuntansi, 5(2), 80–90. https://doi.org/10.37403/financial.v5i2.113
Pradana, S. W. L., & Sanjaya, I. P. S. (2017). Dampak Profitabilitas, Aliran Kas Bebas, Dan Kesempatan Investasi Terhadap Pembayaran Dividen Perusahaan Perbankan. Jurnal Keuangan Dan Perbankan, 21(1), 113–124. https://doi.org/10.26905/jkdp.v21i1.1232
Putri, A. R., & Andayani. (2017). Pengaruh Kebijakan Hutang, Profitabilitas, Likuiditas, dan Kesempatan Investasi Terhadap Kebijakan Dividen. Jurnal Ilmu.Dan.Riset.Akuntansi,9–25. http://jurnalmahasiswa.stiesia.ac.id/index.php/jira/article/view/1213
Undang-Undang Republik Indonesia Nomor 40 Tahun 2007 Tentang Perseroan Terbatas ( Corporate Social Responsibility). (2007). UU-40-2007. Ekonomi, (235), 245.
http://digilib.unila.ac.id/4949/15/BAB II.pdf
www.idx.co.id.
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
