Cash Position Moderated Financial Performance And Managerial Owners To Dividend Policy
DOI:
https://doi.org/10.32528/issh.v2i3.343Keywords:
Financial Performance, Managerial Owners, Dividend Policy, Cash PositionAbstract
The goal of this study was to see how financial performance and managerial ownership affect dividend policy, which is tempered by cash position, in LQ 45 index businesses from 2017 to 2021. This study employed a quantitative methodology. Panel data regression and moderated regression were utilized for data analysis in Eviews 9. Panel data regression testing comprises the chow test, hausman test, lagrange multiplier test, and R-squared approximation coefficient of determination. A targeted sampling strategy was used to collect the samples, which resulted in a total of 12 corporate samples. As a result, financial performance (ROE) has a partially negative impact on dividend policy (DPR), corporate participation (KM) has a partially negative impact on DPR, financial performance has no effect on dividend policy that is influenced by cash position, and management ownership has no effect on dividend policy that is influenced by cash position.
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