The effect of profitability, financial leverage and growth opportunities on dividend policy with firm size as moderation

Gita Genia Fatihat, Reva Yuliani and Eristy Minda Utami
Additional contact information
Gita Genia Fatihat: Widyatama University, Indonesia
Reva Yuliani: Widyatama University, Indonesia
Eristy Minda Utami: Widyatama University, Indonesia

Technium Social Sciences Journal, 2025, vol. 70, issue 1, 229-241

Abstract: The purpose of this research is to determine the effect of profitability, financial leverage, and growth opportunities on dividend policy with firm size as a moderator. The methodology of this research is panel data regression. The sampling technique used is purposive sampling. The sample used consists of companies engaged in the manufacturing sector listed on the LQ45 Index of the Indonesia Stock Exchange from 2019 to 2023. The conclusion of this research is that profitability has a significant impact on dividend policy, while financial leverage and growth opportunities do not have a significant impact on dividend policy. This is because larger companies will have greater profits, which will impact the payment of dividends to shareholders. The second conclusion is that firm size moderates the influence of profitability on dividend policy, while financial leverage and growth opportunities are not significant to dividend policy.

Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://techniumscience.com/index.php/socialsciences/article/view/12589 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:ojs:12589

DOI: 10.47577/tssj.v70i1.12589

Access Statistics for this article

Technium Social Sciences Journal is currently edited by Tasente Tanase

More articles in Technium Social Sciences Journal from Technium Science
Bibliographic data for series maintained by Tasente Tanase ( this e-mail address is bad, please contact ).