{"title":"棕榈油种植园上市公司的股利政策、流动性、盈利能力和公司规模通过财务业绩对债务政策的影响","authors":"Fahmi Amri Nasution, N. Irawati, Chairul Muluk","doi":"10.56225/jmsc.v2i2.255","DOIUrl":null,"url":null,"abstract":"The contribution of the plantation subsector to the national economy is increasing and can strengthen economic development. This study aimed to determine the effect of dividend policy, liquidity, profitability, and company size on debt policy with financial performance as an intervening variable in oil palm plantation companies listed on the Indonesia Stock Exchange in 2017-2021. This study uses an experimental approach through a quantitative technique. The total population was 27 companies. The number of samples was 75 observations. Data sources on secondary data by collecting panel data were carried out on the Eviews application with descriptive statistical tests, panel data analysis, panel data regression estimation, hypothesis testing, and path analysis. The research results showed that the dividend policy, liquidity, and profitability significantly affected debt policy. Besides that, firm size has no significant effect on debt policy. Financial performance as an intervening variable had a significant effect on debt policy. Dividend policy, liquidity, and profitability significantly affected financial performance as intervening variables. Also, firm size had no significant effect through financial performance as an intervening variable. Dividend policy, liquidity, and profitability significantly affected debt policy through financial performance as intervening variables. Meanwhile, firm size significantly affected debt policy through financial performance as an intervening variable.","PeriodicalId":331679,"journal":{"name":"Journal of Madani Society","volume":null,"pages":null},"PeriodicalIF":0.0000,"publicationDate":"2023-08-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The Effect of Dividend Policy, Liquidity, Profitability and Company Size on Debt Policy through Financial Performance in Palm Oil Plantation Listed Companies\",\"authors\":\"Fahmi Amri Nasution, N. Irawati, Chairul Muluk\",\"doi\":\"10.56225/jmsc.v2i2.255\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"The contribution of the plantation subsector to the national economy is increasing and can strengthen economic development. This study aimed to determine the effect of dividend policy, liquidity, profitability, and company size on debt policy with financial performance as an intervening variable in oil palm plantation companies listed on the Indonesia Stock Exchange in 2017-2021. This study uses an experimental approach through a quantitative technique. The total population was 27 companies. The number of samples was 75 observations. Data sources on secondary data by collecting panel data were carried out on the Eviews application with descriptive statistical tests, panel data analysis, panel data regression estimation, hypothesis testing, and path analysis. The research results showed that the dividend policy, liquidity, and profitability significantly affected debt policy. Besides that, firm size has no significant effect on debt policy. Financial performance as an intervening variable had a significant effect on debt policy. Dividend policy, liquidity, and profitability significantly affected financial performance as intervening variables. Also, firm size had no significant effect through financial performance as an intervening variable. Dividend policy, liquidity, and profitability significantly affected debt policy through financial performance as intervening variables. Meanwhile, firm size significantly affected debt policy through financial performance as an intervening variable.\",\"PeriodicalId\":331679,\"journal\":{\"name\":\"Journal of Madani Society\",\"volume\":null,\"pages\":null},\"PeriodicalIF\":0.0000,\"publicationDate\":\"2023-08-31\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Journal of Madani Society\",\"FirstCategoryId\":\"1085\",\"ListUrlMain\":\"https://doi.org/10.56225/jmsc.v2i2.255\",\"RegionNum\":0,\"RegionCategory\":null,\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"\",\"JCRName\":\"\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Madani Society","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.56225/jmsc.v2i2.255","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
The Effect of Dividend Policy, Liquidity, Profitability and Company Size on Debt Policy through Financial Performance in Palm Oil Plantation Listed Companies
The contribution of the plantation subsector to the national economy is increasing and can strengthen economic development. This study aimed to determine the effect of dividend policy, liquidity, profitability, and company size on debt policy with financial performance as an intervening variable in oil palm plantation companies listed on the Indonesia Stock Exchange in 2017-2021. This study uses an experimental approach through a quantitative technique. The total population was 27 companies. The number of samples was 75 observations. Data sources on secondary data by collecting panel data were carried out on the Eviews application with descriptive statistical tests, panel data analysis, panel data regression estimation, hypothesis testing, and path analysis. The research results showed that the dividend policy, liquidity, and profitability significantly affected debt policy. Besides that, firm size has no significant effect on debt policy. Financial performance as an intervening variable had a significant effect on debt policy. Dividend policy, liquidity, and profitability significantly affected financial performance as intervening variables. Also, firm size had no significant effect through financial performance as an intervening variable. Dividend policy, liquidity, and profitability significantly affected debt policy through financial performance as intervening variables. Meanwhile, firm size significantly affected debt policy through financial performance as an intervening variable.