Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)

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The Effect of Profitability and Debt Policy on Share Investment Decisions in Manufacturing Companies on the IDX: Dividend Policies as an Intervening Variable

Authors
Selvi Dwijayanti, Erni Masdupi
Corresponding Author
Selvi Dwijayanti
Available Online 17 June 2021.
DOI
10.2991/aebmr.k.210616.062How to use a DOI?
Keywords
Investment Decision, Dividend Policy, Profitability, Debt Policy
Abstract

The purpose of this study is to determine the effect of profitability and debt policy on investment decisions through dividend policy as an intervening in manufacturing companies on the IDX.The population in this study are all manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018 using secondary data. The sampling technique used purposive sampling. The number of samples in this study were 305 samples (61 companies with 5 years of research). The data analysis method used was path analysis by using the SPSS AMOS 24 program. The results showed that the profitability variable measured using ROE had a negative and significant effect on investment decisions measured using PER, the profitability variable measured using ROE had a positive and significant effect on dividend policy measured using the DPR, Dividend policy variables measured using the DPR cannot mediate the relationship between profitability measured using ROE and investment decisions measured using PER. the debt policy variable measured using DER has no and insignificant effect on investment decisions as measured by PER, the debt policy variable measured using DER has a negative and significant effect on dividend policy measured using the DPR, the dividend policy variable measured using the DPR can mediate the relationship between debt policy measured using DER on investment decisions measured using PER, dividend policy variables measured using the DPR have a positive and significant effect on investment decisions measured using PER.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
17 June 2021
ISBN
978-94-6239-393-6
ISSN
2352-5428
DOI
10.2991/aebmr.k.210616.062How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

risenwbib
TY  - CONF
AU  - Selvi Dwijayanti
AU  - Erni Masdupi
PY  - 2021
DA  - 2021/06/17
TI  - The Effect of Profitability and Debt Policy on Share Investment Decisions in Manufacturing Companies on the IDX: Dividend Policies as an Intervening Variable
BT  - Proceedings of the Sixth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA 2020)
PB  - Atlantis Press
SP  - 404
EP  - 409
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210616.062
DO  - 10.2991/aebmr.k.210616.062
ID  - Dwijayanti2021
ER  -