Analysis of the Effect of Corporate Social Responsibility, Leverage and Liquidity on Dividend Policy
Keywords:
Corporate Social Responsibility, Leverage, Liquidity, Dividend Policy, Stock DividendAbstract
The purpose of this study was to determine the effect of corporate social responsibility (CSR), leverage, and liquidity on the company's dividend policy. This study applies quantitative method. The CSR variable is measured using the GRI Standard indicator, the leverage variable is measured using the debt equity ratio (DER), the liquidity ratio is measured using the current ratio (CR), and the dependent variable, namely dividend policy, is measured using the dividend payout ratio (DPR). This study uses secondary data sources, namely annual financial reports, and purposive sampling as a sampling technique. The data were analysed using multiple linear regression analysis. The results of the study revealed that there was a positive but not significant effect between the CSR variable and dividend policy, the leverage variable had a positive effect on dividend policy; and the liquidity variable had an effect on dividend policy.
Keywords: Corporate Social Responsibility, Leverage, Liquidity, Dividend Policy, Stock Dividend.
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