DETERMINAN KEBIJAKAN DIVIDEN PADA PERUSAHAAN PERKEBUNAN TERDAFTAR DI BEI 2019-2023

Authors

  • M. Tondi Martha Fakultas Ekonomi dan Bisnis Universitas Lampung
  • Agrianti Komalasarii Jurusan Akuntansi Universitas Lampung

DOI:

https://doi.org/10.23960/efebe.v3i3.287

Keywords:

Institutional Ownership, Leverage, Profitability, Free Cash Flow, Dividend Policy, Plantation Sector

Abstract

Indonesia's plantation sector experienced significant fluctuations between 2019 and 2023, affecting corporate dividend policies. This study aims to analyze the influence of institutional ownership, leverage, profitability, and free cash flow on dividend policy among plantation companies listed on the Indonesia Stock Exchange during 2019–2023. Using purposive sampling, 19 companies were selected and analyzed through multiple linear regression. The results indicate that institutional ownership and free cash flow have no significant effect on dividend policy. Leverage has a negative impact, suggesting that increased debt reduces a company's ability to pay dividends. Profitability has a positive effect, indicating that more profitable companies tend to distribute higher dividends. This study contributes to a deeper understanding of dividend policy determinants in Indonesia's plantation industry.

Downloads

Published

28-06-2025

How to Cite

Martha, M. T., & Agrianti Komalasarii. (2025). DETERMINAN KEBIJAKAN DIVIDEN PADA PERUSAHAAN PERKEBUNAN TERDAFTAR DI BEI 2019-2023. E-Journal Field of Economics, Business and Entrepreneurship (EFEBE), 3(3), 556–566. https://doi.org/10.23960/efebe.v3i3.287

Issue

Vol. 3 No. 3 (2025): Vol.3 No.3 (2025)

Section

S1 AKUNTANSI

License

Copyright (c) 2025 M. Tondi Martha, Agrianti Komalasarii

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

E-journal Field of Economics, Business and Entrepreneurship is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License Copyright Notice.