ROA's Mediating DER Influence on Dividend Policies on Food, Beverage Companies Listed on the Indonesia Stock Exchange
Abstract
Dividend policy is the main topic of discussion debated by company owners and investors. The purpose of this study is to analyze and assess the return on assets on the debt-to-equity ratio to the enactment of dividends. The study used quantitative data where there were 10 samples exposed on the Indonesia Stock Exchange in the period 2019 to 2021. Data is processed using smart pls software version 3.0. The results of this analysis and testing are: (1) Return on Assets has no significant effect on dividend policy with a value of 0.978 (<1.96), (2) Return on Assets has no significant effect on debt-to-equity ratio, with a value of 0.588 (<1.96), (3) Debit to Equity Ratio also does not have a significant effect on dividend policy.
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DOI: http://dx.doi.org/10.18415/ijmmu.v9i5.3690
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