PENGARUH INSIDER OWNERSHIP, FREE CASH FLOW, COLLATERIZABLE ASSETS, DAN FIRM GROWTH TERHADAP KEBIJAKAN DIVIDEN

THE EFFECT OF INSIDER OWNERSHIP, FREE CASH FLOW, COLLATERIZABLE ASSETS, AND FIRM GROWTH ON DIVIDEND POLICY

Penelitian ini bertujuan mengetahui pengaruh insider ownership, free cash flow, collaterizable assets, dan  firm growth terhadap kebijakan dividen. Populasi yang digunakan yaitu semua perusahaan yang terdaftar Bursa Efek Indonesia periode 2015-2017. Penelitian menggunakan metode kuantitatif dengan teknik purposive sampling yang menghasilkan 40 perusahaan sebagai sampel penelitian. Analisis data menggunakan regresi linier berganda. Hasil penelitian menunjukkan free cash flow, collaterizable assets dan firm growth berpengaruh terhadap kebijakan dividen sedangkan insider ownership tidak berpengaruh terhadap kebijakan dividen.

Kata Kunci: Insider Ownership; Free Cash Flow; Collaterizable Assets; Firm Growth; Kebijakan Dividen

This study aims to determine the effect of insider ownership, free cash flow, collaterizable assets, and firm growth on dividend policy. The population used is a all company listed on the Indonesia Stock Exchange during the period 2015-2017. Based on quantitative research methods with a purposive sampling technique, there are 40 companies become a research sample. Data analysis method used is multiple linear regression. The results of this research showed the free cash flow, collaterizable assets and firm growth has effect on dividend policy, while that insider ownership has no effect on dividend policy.

Keywords: Insider Ownership; Free Cash Flow; Collaterizable Assets; Firm Growth; Dividend Policy.