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Pengaruh Leverage, Arus Kas Bebas, Profitabilitas, Investasi, Ukuran Perusahaan Terhadap Kebijakan Dividen Perusahaan Manufaktur F&B yang Terdaftar di Bursa Efek Indonesia 2020-2023

  • Prilya Lintang Marsheila1*
  • Rini Hidayah2
1,2 Universitas Muhammadiyah Pekajangan Pekalongan image/svg+xml
* Corresponding Author: Prilya Lintang Marsheila

Abstract

The purpose of this study was to analyze the impact of leverage, free cash flow, profitability, investment, and firm size on dividend policy in food and beverage manufacturing companies listed on the BEI during the period 2020-2023. The research population consist of food and beverage manufacturing companies listed on the Indonesian Stock Exchange (IDX) during 2020-2023. A sample size of 19 companies was selected for analyze. This quantitative study employs purposive sampling methodology, followed by multiple linier regression analysis to examine the relationships between variables. The research utilizes hypothesis testing, comprising coefficient tests, significance tests, and classical assumption test. Secondary data are sourced from the Indonesioan Stock Exchange (IDX) official website. The research results show that leverage has no effect on dividend policy, free cash flow has a significant effect on dividend policy, profitability has no effect on dividend policy, investment has a significant effect on dividend policy, and company size has a significant effect on dividend policy.

Keywords

Dividend Policy Leverage Free Cash Flow Profitability Investment

How to Cite

Citation Format
Marsheila, P. L. (2025). Pengaruh Leverage, Arus Kas Bebas, Profitabilitas, Investasi, Ukuran Perusahaan Terhadap Kebijakan Dividen Perusahaan Manufaktur F&B yang Terdaftar di Bursa Efek Indonesia 2020-2023 (R. Hidayah, Trans.). JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 11(4), 2546-2560. https://doi.org/10.35870/jemsi.v11i4.4323

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Author Biographies

Prilya Lintang Marsheila, Universitas Muhammadiyah Pekajangan Pekalongan

Program Studi Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Muhammadiyah Pekajangan Pekalongan, Jl. KH. Mas Mansyur No.02, Kota Pekalongan, Jawa Tengah, Indonesia.

Rini Hidayah, Universitas Muhammadiyah Pekajangan Pekalongan

Program Studi Akuntansi, Fakultas Ekonomika dan Bisnis, Universitas Muhammadiyah Pekajangan Pekalongan, Jl. KH. Mas Mansyur No.02, Kota Pekalongan, Jawa Tengah, Indonesia.

License

Copyright (c) 2025 Prilya Lintang Marsheila; Rini Hidayah

Creative Commons License

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

This is an open-access journal distributed under the Creative Commons Attribution 4.0 International License (CC BY 4.0), which permits unrestricted use, distribution, reproduction, and adaptation in any medium (even commercially), provided appropriate credit is given to the original author(s), a link to the license is provided, and any changes made are indicated. Authors retain copyright without restrictions and grant the journal the right of first publication as well as non-exclusive publishing rights for archiving, indexing, and scholarly dissemination.

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