Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors

Tamrin, M.; Mus, H. Rahman; Sudirman,; Arfah, Aryati; Sjahruddin, Herman

doi:10.31219/osf.io/7m9uk

Cited by 13 publications

(17 citation statements)

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“…However, different results were found by Rizkia et al, (2013); Tamrin et al, (2017); Sondakh (2019) that profitability had no effect on firm value.…”

Section: Introductionmentioning

confidence: 80%

Profitablity and Liquidity on Corporate Value Through Dividend Policy as Intervening Variabel: Empirical Study on Islamic Capital Market

Sutrisno

Panuntun

2020

BSE

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The purpose of this study is to examine the effect of profitability and liquidity on dividend policy and firm value. It also examines the role of dividend policy as an intervening variable between profitability and liquidity on firm value. Firm value is measured by Tobin's Q, dividend policy is measured by dividend payout ratio (DPR), profitability is measured by return on assets (ROA) and liquidity is measured by current ratio (CR). The population of this study is companies registered in List of Sharia Securities consisting of more than 300 companies. Samples were taken as many as 100 companies with a purposive sampling method. The observation period is 3 years (2016-2018). To test hypotheses using multiple regression analysis. The result shows that profitability is significant and positively effect on dividend policy, while liquidity does not affect on dividend policy. Profitability and dividend policy have a positive and significant effect on firm value, while liquidity has no effect on firm value. Another result of dividend policy is able to be as an intervening effect on profitability of firm value but not as an intervening liquidity relationship to firm value.

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“…However, different results were found by Rizkia et al, (2013); Tamrin et al, (2017); Sondakh (2019) that profitability had no effect on firm value.…”

Section: Introductionmentioning

confidence: 80%

Profitablity and Liquidity on Corporate Value Through Dividend Policy as Intervening Variabel: Empirical Study on Islamic Capital Market

Sutrisno

Panuntun

2020

BSE

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“…Other studies have reported conflicting results. For example, Putri and Ugut (2021), Hashim (2017) and Tamrin et al (2018) argue that profitability has a significant negative effect on the dividend policy. Furthermore, there are previous studies which report there is no relationship between profitability and DPR (Yong and Mustapha, 2016;Hellstrom andInagambaev, 2012 andBanarjee, 2017).…”

Section: Dividend Payout and Profitabilitymentioning

confidence: 99%

Dividend Payout Determinants: Evidence of Healthcare Companies in Malaysia

Latif¹,

Jalil²,

Ahmad³

2021

IJARBSS

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The study of what influences the dividend payout policy remains highly relevant as it is an important factor that is being considered by both companies and investors. This study attempts to investigate the significant factors that affect the dividend payout of healthcare companies in Malaysia. To meet the objective of this study, 10 years financial data from a sample of healthcare companies listed on the main board of Bursa Malaysia is analysed to investigate the effect of the determinants towards the dividend payout ratio. Correlation analysis and multiple linear regression analysis are applied to determine the relationship between variables and the effect of the independent variables towards the dividend payout. The findings indicate that liquidity, investment opportunity, leverage and company size are significant in determining the dividend payout ratio of Malaysia healthcare companies.

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“…With an offer to get a high profit, it is expected to attract investors to invest. The higher the level of profitability, the greater the possibility of dividend distribution (Thamrin, et al, 2017) [4].…”

Section: Introductionmentioning

confidence: 99%

“…Companies with profitability reflect the company's success in obtaining company profits and it provides an exit effect for investors so that they can increase the value of the company. (Thamrin, et al, 2017) [4]. On the other hand, dividend policy is one of the factors that greatly affects the increase in the value of the company, so that the value of the company.…”

Section: Introductionmentioning

confidence: 99%

The Effect of Profitability on Dividend Policy and Firm Value: A Case Study of Indonesian Manufacturing Company

Susilo

Chandrarin

Asih

2021

IJASRE

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This research was conducted to examine the effect of profitability on firm value through the dividend policy of manufacturing companies listed on the IDX for the 2015-2018 period. The analysis was carried out using secondary data, namely financial reports on the Indonesian Stock Exchange. The technique used in sampling is purposive sampling. The number of samples obtained was 27 manufacturing companies. The analysis technique uses path analysis. The results of the analysis show that profitability has a positive (significant) effect on dividend policy, dividend policy has an effect on firm value, and dividend policy no effect mediate between profitability and firm value.

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Effect of profitability and dividend policy on corporate governance and firm value: Evidence from the Indonesian manufacturing Sectors

Cited by 13 publications

References 0 publications

Profitablity and Liquidity on Corporate Value Through Dividend Policy as Intervening Variabel: Empirical Study on Islamic Capital Market

Profitablity and Liquidity on Corporate Value Through Dividend Policy as Intervening Variabel: Empirical Study on Islamic Capital Market

Dividend Payout Determinants: Evidence of Healthcare Companies in Malaysia

The Effect of Profitability on Dividend Policy and Firm Value: A Case Study of Indonesian Manufacturing Company

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