JURNAL BISNIS DAN AKUNTANSI
FAKTOR - FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA
The purpose of this research is to identify factors which influence dividend policy in manufacturing companies which listed at the Indonesian Stock Exchange. This research uses the purposive sampling method. Thirty manufacturing companies listed at Indonesian Stock Exchange were used as sample, with period 2007 until 2011. The multiple regression is used to analyze the hypotheses. The result of this research showed that institutional ownership and profitability have influence to dividend policy but managerial ownership, leverage, firm size, investment opportunity, and liquidity have no influence to dividend policy.Keyword :Dividend payout, Managerial ownership, Institutional ownership, Leverage, Profitability, Firm size, Investment opportunity, and Liquidity.