Date: 01-12-2021 Digital Publication Services : OSREL | JABM | JAM | ABMR | ABMCS

PENGARUH PROFITABILITY, LEVERAGE DAN EARNING PER SHARE TERHADAP KEBIJAKAN DIVIDEN DENGAN GOOD CORPORATE GOVERNANCE SEBAGAI VARIABEL INTERVENING.

Detail
Author VERONIKA HANDYNI AYU KUMALA
Category Akuntansi Manajemen dan SIA

Abstract

The purpose of this study is to prove the indirect effect of profitability measured by ROA (X1), leverage measured by DER (X2) and earning per share by EPS (X3) on dividend policy as measured by the dividend payout ratio DPR (Y) through good corporate governance as measured by scores CGPI (Z). The Population in this study are included in the rating companies CGPI 83 companies in 2014, 2015 and 2016. The sample selection is done with less use of purposive sampling techniques and criteria used 13companies selected. Analysis of the data used is multiple linear regression to identify independent variables that influence the dependent variable and path analysis to detect whether an indirect relationship through good corporate governance. Through multiple analysis method, the results of the first structural model analysis: ROA, DER, EPS have a close relationship to dividend policy, this is seen from the adjusted R square of 0.560044 or 56% while 44% of dividend policy is influenced by constructs or other variables that are not discussed in this study. Meanwhile, to model the second hypothesis: ROA, DER, EPS has a close relationship with GCG of 0.153627 or 15.36% while 84.64% of GCG is influenced by constructs or other variables not discussed in this study. Based on the results of testing the hypothesis the ROA variable coefficient path has no significant effect on dividend policy and EPS, DER has no significant effect on GCG. While DER, EPS, GCG have a significant effect on dividend policy, and ROA has a significant effect on GCG.