Short report: arus kas bebas, leverage, laba, aset tetap berwujud, ukuran dan insentif katering terhadap pembayaran dividen pada industri subsektor otomotif

Abstract

This study analyzes the effect of free cash flow, leverage, earnings, tangible fixed assets, size, and catering incentives on dividend payment policies. The dividend payout policy in this study is proxied by the dividend payout ratio (DPR). Data collection used a purposive sampling method for automotive sub-sector companies listed on the Indonesian Stock Exchange from 2011 – 2019, so a sample of seven automotive sub-sector companies with 59 observations. The analytical method of this study uses panel regression. The results showed that tangible fixed assets significantly positively affect the dividend payout ratio. In contrast, free cash flow, leverage, earnings, size, and catering incentives do not affect the Payout Ratio.