Revista de Asuntos Legales, Éticos y Regulatorios

1544-0044

Abstracto

Analysis of Application of Corporate Social Responsibility, Free Cash Flow and Profitability on Dividend Policy (Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2016-2020)

Adji Suratman, Rahmawati Hanny Yustriannthe, Elon Manurung, Endang Setiawati, Ahalik

This study aims to determine and analysis corporate social responsibility, free cash flow, and profitability that can affect dividend policy in manufacturing companies listed on the IDX in 2016-2020. The purpose of this study is to examine the extent to which corporate social responsibility, free cash flow, and profitability have an effect on dividend policy. This study used secondary data and the sample of this study was determined by purposive sampling method in order to obtain 24 sample companies. The research method used is descriptive statistics, classical assumption test (normality test, multicollinearity test and heteroscedasticity test), model suitability test (Chow test, Hausman test, and Lagrange multiplier test), multiple linear regression, and then continued with the t test, test f and r2 test. Data analysis using the eviews 9 program. Based on the results of the study, it was found that corporate social responsibility and profitability had a positive and significant effect on dividend policy. Meanwhile, free cash flow has no significant and negative effect on dividend policy. The results of the research that have been carried out show the probability value of the free cash flow (FCF) variable >the critical probability value (α=5%) of 0.6429>0.05 and the value of t count< t table of 0.4648<1.9806, which shows that free cash flow has no significant effect on dividend policy in manufacturing companies.

Descargo de responsabilidad: este resumen se tradujo utilizando herramientas de inteligencia artificial y aún no ha sido revisado ni verificado.