Pengaruh free cash flow, collateralizable asset, dan kebijakan utang terhadap kebijakan dividen

Abstract

This study aims to obtain empirical evidence on the effect of free cash flow, collateralizable assets, and debt policies on dividend policy. The population in this research are companies engaged in the property, real estate, and building construction sectors which are listed on the Indonesia Stock Exchange for the period 2014-2018. The sample in this study was obtained using purposive sampling and 19 companies were used as samples. The method of analysis in this study uses multiple linear regression. The results of this study indicate that free cash flow and collateralizable assets have a positive and significant effect on dividend policy. Meanwhile, debt policy has a negative and insignificant effect on dividend policy.