PENGARUH LEVERAGE DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT LQ-45 DI BURSA EFEK INDONESIA TAHUN 2013-2016

Abstract

The purpose of this research is to know the influence of Leverage (DER) and Liquidity (CR) to dividend policy especially at LQ-45 listed manufacturing at Indonesia Stock Exchange. The sample was taken using purposive sampling method and sample that fulfill the criteria of 10 manufacturing companies. The data used are secondary data, namely the financial statements of companies that have go-public and LQ-45 listed on the Indonesia Stock Exchange in the period of August 2017. Data analysis techniques using panel data regression, test coefficient of determination, T test and F test. shows that Leverage (DER) has a negative and insignificant effect on dividend and liquidity (CR) has a positive and insignificant effect. For determination coefficient test, R2 value is 0.422502 which means that the combination of independent variable able to explain dependent variable equal to 42%. while the remaining 58% is explained by other factors outside the research model.

Keywords: Leverage (DER), Liquidity (CR) and Dividend Policy (DPR)