The effect of efficiency, market power, debt, and risk on company performance and their impact on dividend policy on the manufacturing sector in the Indonesia stock exchange
Keywords:
company performance, debt, dividend policy, efficiency, market power, prospects, riskAbstract
This study is to determine the effect of efficiency, debt, market power, prospects, and risks to company performance and their impact on dividend policy in companies listed on the Indonesia Stock Exchange (IDX). The sample in this study is a manufacturing sector company listed on the Indonesia Stock Exchange which pays dividends continuously during the study period. Researchers use path analysis (path analysis). Path analysis is a unit of multivariate statistical analysis that combines multiple linear regression analysis and simple regression analysis simultaneously with the addition of a mediating variable (intervening) or a reinforcing variable (moderator). There is a negative and significant direct influence between the debt variables on the company's performance. There is a negative and significant direct effect between the variables of Efficiency on Company Performance. There is a direct positive and insignificant effect between the Prospect variable on the Company's Performance. There is a direct positive and insignificant effect between the variables of Risk on Performance. There is a positive and significant direct effect between the variables of the Company's Performance on the Dividend Payout Ratio in the manufacturing sector.
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