CD Tesis
Pengaruh Free Cash Flow, Hutang Dan Struktur Kepemilikan Terhadap Kinerja Keuangan Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening Pada Perusahaan LQ45 Di Bursa Efek Indonesiatahun 2013-2017
This study aims to determine and analyze the effect of free cash flow, debt, ownership structure on dividend policy. The effect of free cash flow, debt, ownership structure and dividend policy on the company's financial performance. The influence of free cash flow, debt and ownership structure on the company's financial performance with dividend policy as an intervening variable. The population used in this study is the LQ45 company. The sample in this study were 27 companies that met the specified sampling characteristics. The analysis technique used in this study is the Structural Equation Modeling (SEM) PLS which is operated through the WarpPLS program.5.0.
The results showed that free cash flow and ownership structure influence dividend policy. Debt has a negative effect on dividend policy. Free cash flow has no effect on financial performance. Debt has a negative effect on financial performance. Ownership structure affects financial performance. Free cash flow has a significant effect on financial performance through dividend policy. Debt has a negative and significant effect on financial performance through dividend policy. Ownership structure affects financial performance through dividend policy.
Keywords: Free Cash Flow, Debt, Ownership Structure, Dividend Policy and Financial Performance
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