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eISSN: 2582-8185 || CODEN: WJARAI || Impact Factor 8.2 ||  CrossRef DOI

Research and review articles are invited for publication in March 2026 (Volume 29, Issue 3) Submit manuscript

Moderation of leverage: Institutional ownership, collateralizable assets and cash position on dividend policy

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  • Moderation of leverage: Institutional ownership, collateralizable assets and cash position on dividend policy

Putu Ayu Anggya Agustina *

Accounting Program, Faculty of Economic and Business, Terbuka University.
 
Review Article
World Journal of Advanced Research and Reviews, 2024, 24(03), 288–297
Article DOI: 10.30574/wjarr.2024.24.3.3313
DOI url: https://doi.org/10.30574/wjarr.2024.24.3.3313
 
Received on 21 September 2024; revised on 30 November 2024; accepted on 03 December 2024
 
Dividends are distributed if the company makes a profit. The profit distributed as dividends is net income after tax and interest. This study was conducted on manufacturing companies listed on the IDX in 2017-2022, where the data was obtained from the annual financial reports of manufacturing companies in 2017-2022 by downloading data via www.idx.co.id. The population used in this study is manufacturing companies listed on the IDX from 2017-2022. The sampling method in this study is Nonprobability Sampling using purposive sampling technique. The model used in analyzing the leverage variable as a moderator of the relationship between institutional ownership, collateralizable assets, and cash position in influencing dividend policy in manufacturing sector companies listed on the Indonesia Stock Exchange from 2017 to 2022 is the interaction testing model (Moderated Regression Analysis-MRA). The result shows leverage can show the ability as a significant moderator in the positive relationship of the interaction of the effect of institutional ownership on dividend policy. Leverage cannot show the ability as a significant moderator in the positive relationship of the interaction of the effect of collateralizable assets on dividend policy. Leverage cannot show the ability as a significant moderator in the positive relationship of the interaction of the influence of cash position on dividend policy.
 
Leverage; Institutional ownership; Collateralizable assets; Cash position; Dividend policy
 
https://wjarr.com/sites/default/files/fulltext_pdf/WJARR-2024-3313.pdf

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Putu Ayu Anggya Agustina. Moderation of leverage: Institutional ownership, collateralizable assets and cash position on dividend policy. World Journal of Advanced Research and Reviews, 2024, 24(3), 288-297. Article DOI: https://doi.org/10.30574/wjarr.2024.24.3.3313

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