THE EFFECT OF ECONOMIC VALUE ADDED, PROFITABILITY, AND OPERATING CASH FLOW ON DIVIDEND POLICY OF FOOD AND BEVERAGE SUB-SECTOR MANUFACTURING COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX)
By : Ari Muslem
Npm : 1701203010057
Supervisor : 1. Zuraida, S.E, M.B.A., Ak., CA.,Ph.D.
2. Dr. Indayani, S.E., M.Si., Ak., CA
This study aims to examine the effect of economic value added, profitability, and operating cash flow on dividend policy in Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2019 period. The population of this study are Food and Beverage Manufacturing companies listed on the Indonesia Stock Exchange. By using purposive sampling, 44 companies were selected as final sample and data from these companies were analyzed using multiple linear regressions. The results of this study indicate that economic value added, profitability, and operating cash flow together have an effect on dividend policy. Partially, only profitability has an effect on dividend policy, while economic value added and operating cash flow have no effect on dividend policy.
Keywords : Economic Value Added, Profitability, Operating Cash Flow, Dividend Policy