Open AccessDeterminants of Dividend Policy of Real Estate, Property, and Building Construction Companies Listed in IDX with Unbalanced Panel Data Approach
Author(s) -
Powell Gian Hartono,
Anita Roosmalina Matusin
Publication year - 2020
Publication title -
tijab (the international journal of applied business)
Language(s) - English
Resource type - Journals
ISSN - 2599-0705
DOI - 10.20473/tijab.v4.i2.2020.139-156
Subject(s) - dividend policy , panel data , real estate , dividend , real estate investment trust , business , econometrics , dividend yield , order (exchange) , regression analysis , dividend payout ratio , investment (military) , population , actuarial science , accounting , financial economics , economics , finance , statistics , mathematics , political science , demography , sociology , politics , law
This study involved companies engaging in real estate, property, and building construction companies listed in IDX for 2013 - 2019 period as the population. Unbalanced panel data regression was employed using the SPSS version 22 and E-Views version 10 to analyze the data and to test the hypotheses. The results showed that the previous year's dividend had a positive effect on dividend policy, while company size had a negative effect on dividend policy. This study proved that previous year's dividend and company size were key variables that determined companies’ dividend policy and they were major investment considerations for investors in order to obtain optimal returns.