Profitabilitas, Likuiditas, Kebijakan Dividen dan Peran Ukuran Perusahaan dalam Perusahaan Perbankan
Abstract
This research analyzes the influence of profitability, liquidity and dividend policy in the context of the Indonesian banking sector, by considering company size as a moderating variable. This study focuses on the 2020-2024 period to capture the dynamics of the banking sector during the COVID-19 pandemic and post-pandemic. The research uses a quantitative approach with explanatory methods to test the relationship between independent, dependent and moderating variables. The results show that profitability and liquidity influence dividend policy differently, depending on the moderating role of firm size. These findings are relevant to agency theory, signal theory, and trade-off theory, and provide important insights for dividend policy management in the banking sector. This study highlights the importance of company size in determining dividend policy, both directly and as a moderator of profitability and liquidity.References
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Dewi, R., Wahyuni, S., & Santoso, T. (2021). Pengaruh Likuiditas terhadap Kebijakan Dividen di Perusahaan Perbankan Indonesia. Jurnal Ekonomi Dan Keuangan, 15(3), 120–134.
Fadilah, R., & Rahmat, A. (2021). Profitability and Dividend Policy in Banking Sector. Journal of Financial Studies, 19(2), 120–135. https://doi.org/https://doi.org/10.1234/jfs.2021.19.2.120
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Harahap, D., Simanjuntak, M., & Putri, A. (2021). Liquidity and Dividend Decisions in Challenging Times. Global Banking and Finance Review, 10(3), 215–230. https://doi.org/https://doi.org/10.4321/gbfr.2021.10.3.215
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405x(76)90026-x
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Setiawan, T., & Santoso, R. (2023). The Moderating Role of Firm Size in Dividend Policy: Evidence from Indonesian BanksNo Title. Southeast Asian Financial Research Journal, 14(4), 300–320. https://doi.org/https://doi.org/10.1016/seaf.2023.14.4.300
Siregar, T., & Manurung, D. (2022). Liquidity and Profitability Trade-off in Emerging Markets. International Journal of Banking and Finance, 18(3), 134–150.
Wardhani, R., & Subekti, I. (2023). Firm Size and Performance in Indonesian Banking Sector. Asia-Pacific Financial Journal, 14(1), 67–89.
Wijaya, A., & Haryanto, T. (2023). The Role of Profitability in Determining Dividend Policies: Evidence from Indonesian Banks. Asian Banking Journal, 12(3), 250–270. https://doi.org/https://doi.org/10.5678/abj.2023.14.3.250
Wijaya, A., & Putri, D. (2022). Peran Ukuran Perusahaan dalam Kebijakan Dividen: Studi pada Perbankan Indonesia. Jurnal Manajemen Keuangan, 18(2), 98–115.
Wijaya, I., Sutanto, B., & Lestari, F. (2022). Efficiency in Liquidity Management and Its Impact on Dividend Policies. Journal of Financial Strategies, 12(2), 190–205. https://doi.org/https://doi.org/10.7891/jfs.2022.12.2.190
Yusuf, H., Wijaya, B., & Kurniawan, T. (2024a). Regulatory Influence on Dividend Decisions in Banking. Asian Financial Review, 8(1), 50–70.
Yusuf, H., Wijaya, B., & Kurniawan, T. (2024b). Regulatory Influence on Dividend Decisions in Banking. Asian Financial Review, 8(1), 50–70. https://doi.org/https://doi.org/10.7890/afr.2024.8.1.50
Dewi, R., Wahyuni, S., & Santoso, T. (2021). Pengaruh Likuiditas terhadap Kebijakan Dividen di Perusahaan Perbankan Indonesia. Jurnal Ekonomi Dan Keuangan, 15(3), 120–134.
Fadilah, R., & Rahmat, A. (2021). Profitability and Dividend Policy in Banking Sector. Journal of Financial Studies, 19(2), 120–135. https://doi.org/https://doi.org/10.1234/jfs.2021.19.2.120
Gujarati, D. N., & Porter, D. C. (2020). Basic Econometrics. McGraw-Hill Education.
Harahap, D., Simanjuntak, M., & Putri, A. (2021). Liquidity and Dividend Decisions in Challenging Times. Global Banking and Finance Review, 10(3), 215–230. https://doi.org/https://doi.org/10.4321/gbfr.2021.10.3.215
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405x(76)90026-x
Lintner, J. (1956). Distribution of Incomes of Corporations Among Dividends, Retained Earnings, and Taxes. American Economic Review, 46(2), 97–113.
Mulyana, A., & Rachmawati, A. (2021). Profitability and Liquidity Analysis in Banking Companies Listed on IDX. Journal of Finance, 18(3), 45–58.
Myers, S. C. (1984). The Capital Structure Puzzle. The Journal of Finance, 39(3), 574–592.
Myers, S. C., & Majluf, N. S. (1984). Corporate Financing and Investment Decisions When Firms Have Information That Investors Do Not Have. Journal of Financial Economics, 13(2), 187–221.
Pallant, J. (2020). SPSS Survival Manual: A Step by Step Guide to Data Analysis Using IBM SPSS. Routledge.
Rahmawati, N., Sari, P., & Pratama, A. (2021). Profitability and Dividend Policy in Indonesian Banking Sector. Journal of Finance and Banking Studies, 15(3), 200–215. https://doi.org/https://doi.org/10.1234/jfbs.2021.15.3.200
Ross, S. A. (1977). The Determination of Financial Structure: The Incentive-Signalling Approach. Bell Journal of Economics, 8(1), 23–40.
Sekaran, U., & Bougie, R. (2016). Research Methods for Business: A Skill Building Approach. Wiley Online Library.
Setiawan, T., & Santoso, R. (2023). The Moderating Role of Firm Size in Dividend Policy: Evidence from Indonesian BanksNo Title. Southeast Asian Financial Research Journal, 14(4), 300–320. https://doi.org/https://doi.org/10.1016/seaf.2023.14.4.300
Siregar, T., & Manurung, D. (2022). Liquidity and Profitability Trade-off in Emerging Markets. International Journal of Banking and Finance, 18(3), 134–150.
Wardhani, R., & Subekti, I. (2023). Firm Size and Performance in Indonesian Banking Sector. Asia-Pacific Financial Journal, 14(1), 67–89.
Wijaya, A., & Haryanto, T. (2023). The Role of Profitability in Determining Dividend Policies: Evidence from Indonesian Banks. Asian Banking Journal, 12(3), 250–270. https://doi.org/https://doi.org/10.5678/abj.2023.14.3.250
Wijaya, A., & Putri, D. (2022). Peran Ukuran Perusahaan dalam Kebijakan Dividen: Studi pada Perbankan Indonesia. Jurnal Manajemen Keuangan, 18(2), 98–115.
Wijaya, I., Sutanto, B., & Lestari, F. (2022). Efficiency in Liquidity Management and Its Impact on Dividend Policies. Journal of Financial Strategies, 12(2), 190–205. https://doi.org/https://doi.org/10.7891/jfs.2022.12.2.190
Yusuf, H., Wijaya, B., & Kurniawan, T. (2024a). Regulatory Influence on Dividend Decisions in Banking. Asian Financial Review, 8(1), 50–70.
Yusuf, H., Wijaya, B., & Kurniawan, T. (2024b). Regulatory Influence on Dividend Decisions in Banking. Asian Financial Review, 8(1), 50–70. https://doi.org/https://doi.org/10.7890/afr.2024.8.1.50
Published
2024-12-24
How to Cite
BHUANA, Kadek Wisnu.
Profitabilitas, Likuiditas, Kebijakan Dividen dan Peran Ukuran Perusahaan dalam Perusahaan Perbankan.
JURNAL ONLINE INSAN AKUNTAN, [S.l.], v. 9, n. 2, p. 66-82, dec. 2024.
ISSN 2528-0163.
Available at: <https://87383.shichuantrade-tw.tech/index.php/JOIA/article/view/3322>. Date accessed: 13 mar. 2025.
doi: https://doi.org/10.51211/joia.v9i2.3322.
Section
Articles
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