Determinants of Dividend Policy of Listed Commercial Banks in Indonesia | Zendy

Gina Aulia | Zendy; Mohamad Fany Alfarisi | Zendy

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Determinants of Dividend Policy of Listed Commercial Banks in Indonesia

Author(s) -

Gina Aulia,

Mohamad Fany Alfarisi

Publication year - 2019

Publication title -

amar (andalas management review)

Language(s) - English

Resource type - Journals

eISSN - 2548-155X

pISSN - 2476-9282

DOI - 10.25077/amar.3.2.76-89.2019

Subject(s) - dividend payout ratio , profitability index , panel data , market liquidity , dividend , dividend policy , control variable , business , econometrics , sample (material) , control (management) , generalized method of moments , economics , monetary economics , finance , statistics , mathematics , chemistry , management , chromatography

This study aims to identify the determinants of dividend payout policy of publicly listed banks in Indonesia. The data were collected from annual reports and databases related to the research sample. The present study employs the dynamic panel data model using the Generalized Methode of Moment (GMM) approach. The results without control variables suggest that lagged dividend payout, profitability, and firm size positively impact dividend payout. Meanwhile, using control variables, the present study finds only liquidity that significantly impacts the dividend payout.

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