The Impact of Company Growth and Company Size on Dividend Policy in Automotive and Component Sub-Sector Companies Listed on the Indonesian Stock Exchange During the Period 2020–2023
Main Article Content
Fachwadi Bintang*
Wahyu Indah Mursalini
Afni Yeni
This research seeks to examine and evaluate how corporate growth and firm size influence dividend policy among manufacturing companies in the automotive and components subsector from 2020 to 2023. The study employs a quantitative methodology and focuses on 18 manufacturing firms in the automotive and components subsector that are publicly traded on the Indonesia Stock Exchange during the specified timeframe. Through purposive sampling methods, the researchers selected 15 companies from this subsector for analysis. The analytical approach utilized multiple linear regression analysis conducted with SPSS version 19 software. The findings reveal that corporate growth does not significantly impact dividend policy decisions, whereas firm size demonstrates a positive and statistically significant influence on dividend policy. When examining the combined effect of both variables, the results indicate that company growth and firm size together influence dividend policy, though this collective impact lacks statistical significance.
Ayu, R. D., Cahyono, D., & Aspiradi, R. M. (2021). Systematic Literature Review: Kualitas Laporan Keuangan Pada Koperasi. Jurnal Akuntansi, 10(1), 37–48.
Fajriah, A. L., Idris, A., & Nadhiroh, U. (2022). Pengaruh pertumbuhan penjualan, pertumbuhan perusahaan, dan ukuran perusahaan terhadap nilai perusahaan. Jurnal Ilmiah Manajemen Dan Bisnis, 7(1), 1–12.
Fitriani, I. (2019). Analisis Current Ratio (CR), Return on Equity (ROE), dan Debt to Equity Ratio (DER) terhadap Price to Book Value (PBV) perusahaan sub sektor otomotif dan komponen yang tercatat di BEI periode 2011–2018. Universitas Islam Negeri Raden Intan Lampung.
Goldwin, T. H., & Handayani, S. (2022). Pengaruh profitabilitas, besaran perusahaan, leverage, dan pertumbuhan perusahaan terhadap kebijakan dividen. Diponegoro Journal of Accounting, 11(2).
Gunawan, A., & Harjanto, K. (2019). Pengaruh Profitabilitas, Leverage, Ukuran Perusahaan, Pertumbuhan Perusahaan Dan Struktur Kepemilikan Terhadap Kebijakan Dividen: Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Periode 2013-2016. Ultimaccounting Jurnal Ilmu Akuntansi, 11(1), 81–107.
Hidayat, D., Hermuningsih, S., & Maulida, A. (2022). Pengaruh Profitabilitas, Likuiditas, Leverage, dan Ukuran Perusahaan terhadap Kebijakan Dividen. Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah, 4(3), 895–913. https://doi.org/10.47467/alkharaj.v4i3.749
Hutomo, A., Marditama, T., Limakrisna, N., Sentosa, I., & Yew, J. L. K. (2020). Green human resource management, customer environmental collaboration and the enablers of green employee empowerment: enhanching an environmental performance. Dinasti International Journal of Economics, Finance & Accounting, 1(2), 358–372.
Oktaviani, R. F., & Mulya, A. A. (2018). Pengaruh Struktur Modal Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Moderasi. Jurnal Akuntansi Dan Keuangan, 7(2), 139–150. https://doi.org/10.36080/jak.v7i2.768
Rivandi, M., & Indriati, P. (2022). Kinerja Keuangan dan Pertumbuhan Perusahaan Terhadap Kebijakan Dividen dengan Pengukuran Dividen Payout Ratio. JURNAL PUNDI, 6(1). https://doi.org/10.31575/jp.v6i1.383
Safhira, S., & Darwis, D. (2022). Analisis Kinerja Laporan Keuangan Menggunakan Metode Economic Value Added Pada Perusahaan Go Public. Jurnal Ilmiah Sistem Informasi Akuntansi, 1(2). https://doi.org/10.33365/jimasia.v1i2.1441
Setyawan, M. A. (2022). Determinan Islamic Social Reporting Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index Tahun 2017-2019. Jurnal Ekonomika Dan Bisnis, 9(1), 121–135.
Zalfi, A., Roza, S. D., & Sriyanti, E. (2023). Pengaruh Struktur Aktiva dan Ukuran Perusahaan Terhadap Struktur Modal Pada Perusahaan Sektor Aneka Industri Sub Sektor Otomotif dan Komponen Yang Terdaftar di Bursa Efek Indonesia Periode 2015-2019. Jurnal Bintang Manajemen, 1(1), 1–18.
