Abstract: This study aims to determine the effect of profitability and free cash flow on dividend policy with asset growth as moderating variable. The population in this research focused on manufacturing companies listed in Indonesia Stock Exchange (IDX) on the period 2015 – 2019. Based on purposive sampling method and outlier data expenditure, this research obtained 26 companies as the sample with total 130 observations. The analysis technique used in this research is Moderated Regression Analysis (MRA). The results show that asset growth does not moderate the effect of profitability on dividend policy, while asset growth weakens the effect of free cash flow on dividend policy in manufacturing companies listed in IDX.
Keywords: Profitability, Free cash flow, Asset growth, Dividend policy.
Title: The Influence of Profitability and Free Cash Flow on Dividend Policy with Asset Growth as Moderating Variable
Author: Ni Putu Santhi Sugiyanthi, A. A. G. P. Widanaputra, Ni Gusti Putu Wirawati, Ni Ketut Rasmini
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
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