PERAN SIZE DALAM MEMODERASI PENGARUH PROFITABILITAS, INVESMENT OPPOURTUNITY COST DAN LEVERAGE TERHADAP KEBIJAKAN DEVIDEN

Moeljono Moeljono*  -  Universitas Semarang, Indonesia
Nasron Alfianto  -  Universitas Semarang, Indonesia

(*) Corresponding Author
DOI: 10.30659/ekobis.21.1.26-50

This study aims to determine the effect of profitability, investment opportunity set (IOS), and leverage to dividend policy with moderated size. This study was conducted because there are several previous studies that show that the results of his research there are inconsistencies.

The population in this study is a manufacturing company listed on the Indonesia Stock Exchange (BEI). The method of determining the sample is done by purposive sampling method, and based on predetermined criteria, the sample amount is 190 sample of manufacturing company during 2009-2018 period.


The analysis technique used is multiple linear regression analysis. To know
the variable size as a moderate variable or not tested interaction Moderated
Reggresion Analysis (MRA).

The results show that profitability and leverage are not able to influence the
company's dividend policy. The dividend policy is influenced by the investment opportunity set (IOS). Size is not able to moderate the effect of
profitability, investment opportunity set (IOS) and leverage to dividend policy.

Keywords: Profitability, Investment Opportunity Set (IOS), Leverage, Liquidity, Devident

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DOI : 10.30659/ekobis

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