The Effect of Independent Commissioners and Profitability on Dividend Policy with Company Growth as a Moderating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange Period 2018 - 2021

Abstract

The purpose of this study was to determine the effect of independent commissioners and profitability on dividend policy. To determine the effect of independent commissioners and profitability on dividend policy with company growth as a moderating variable. The population in this study were all manufacturing companies Listed on the Indonesia Stock Exchange 2018 – 2021 period. Sampling used a non-probability sampling method with a purposive sampling technique. The data analysis method used in this study uses panel data regression analysis with the help of the Eviews 10 program. The results of this study indicate that over 2018-2021 period, independent commissioners have no impact on dividend policy in Manufacturing businesses Listed on the Indonesia Stock Exchange. Profitability affects policy dividends for Manufacturing businesses Listed on the Indonesia Stock Exchange 2018 - 2021 period. For the 2018 - 2021 period, company growth was insufficient to mitigate the impact of independent commissioners and profitability on dividend policy on Manufacturing businesses Listed on the Indonesia Stock Exchange.