The Influence of Ownership Insider and Free Cash Flow on the Dividend Policy (Studies on Manufacturing Corporates Listed on the IDX at 2016 - 2018)

Authors

  • Niki Hadian *, Mohd Haizam Saudi , Obsatar Sinaga

Abstract

- This study aims to determine the influence of insider ownership and free cash flow companies on
dividend policy in manufacturing companies listed on the Indonesia Stock Exchange (IDX) 2016-2018. This
research was conducted by the method of documentation using data from the financial statements of
manufacturing companies obtained from the website of the Indonesia Stock Exchange. The method of
analysis used in this study is multiple linear regression analysis. This study used data manufacturing
companies listed on the Indonesia Stock Exchange (IDX) in 2016-2018 a total of 25 sample companies.
Based on the research results, it shows that the variable that has a significant effect on dividend policy is free
cash flow. The greater the free cash flow owned by the company, the greater the dividend payment made in
the company. The insider ownership variable does not have a significant effect on dividend policies carried
out by manufacturing companies.

Published

2020-10-15

Issue

Section

Articles