Electronic Theses and Dissertation

Kebijakan dividen perusahaan sektor industri consumer good di indonesia dipengaruhi oleh berbagai macam faktor keuangan yang dapat diukur menggunakan rasio keuangan. penelitian ini bertujuan untuk menguji apakah cash flow, utang, peluang investasi, dan ukuran perusahaan berpengaruh terhadap kebijakan dividen pada perusahaan sektor industri consumer goods yang tercatat di bursa efek indonesia (bei) periode 2016-2019. teknik pengambilan sampel yang digunakan yaitu purposive sampling dengan 16 sampel. menggunakan analisis ordinary least square (ols) dengan data panel dan model fixed effect. hasil uji t menunjukkan variabel cash flow berpengaruh positif tidak signifikan terhadap dpr. variabel utang berpengaruh negatif tidak signifikan terhadap dpr. sementara variabel peluang investasi berpengaruh negatif signifikan terhadap dpr dan variabel ukuran perusahaan berpengaruh positif signifikan terhadap dpr. uji koefesien determinasi (r2) menunjukkan cash flow, utang, peluang investasi, dan ukuran perusahaan dapat menjelaskan dpr sebesar 83,30%. kata kunci: kebijakan dividen, dpr, cash flow, utang, peluang investasi, dan ukuran perusahaan.

Dividend policy of consumer goods sector industry companies in Indonesia is influenced by various financial factors that can be measured using financial ratios. This study aims to analyze the effect of Cash Flow, Debt, Investment Opportunities, and Firm Size on Dividend Policy in Consumer Goods Sector Industry Companies Listed on the Indonesia Stock Exchange (IDX) 2016-2019 period. The sampling technique used purposive sampling with a total sample 16 companies. Ordinary Least Square (OLS) with panel data used to analyze the effect of independen variabel and used fixed effect model. The results of the t-test showed that cash flow has a positive and insignificant effect on DPR. debt ratio a negative has and insignificant effect on DPR. Meanwhile, the variable investment opportunity has a significant negative effect on DPR and the firm size has a significant positive effect on DPR. The coefficient of determination test (R2) showed that cash flow, debt, investment opportunities, and company size can explaned DPR by 83.30%. Keywords: Dividend Policy, DPR, Cash Flow, Debt, Investment Opportunities, and Firm Size.