Archive | 2021
Influence of Investment Opportunity Set, Effective Tax Rateand Firm Size on Dividend Policy with Liquidity as a Moderation Variable
Abstract
This study aimed to analyze empirical evidence about the effect of investment opportunity set, effective tax rate, and firm size on dividend policy with liquidity as a moderating variable. This research uses 90 manufacture company listed at BEI in the periode 2014-2018. The analyze method used is SEM-PLS and sample selection was carried out using purposive sampling method. The results showed the investment opportunity set and firm size have a negative effect on dividend policy. Effective tax rate has a positive effect on dividend policy.Liquidity cannot moderate the effect of investment opportunity set and effective tax rate on dividend policy butliquidity moderate the effect of firm size on dividend policy.