THE MEDIATING EFFECT OF DIVIDEND PAYOUT ON THE RELATIONSHIP BETWEEN INTERNAL GOVERNANCE AND FREE CASH FLOW

VIVIEN, VIVIEN (2020) THE MEDIATING EFFECT OF DIVIDEND PAYOUT ON THE RELATIONSHIP BETWEEN INTERNAL GOVERNANCE AND FREE CASH FLOW. Skripsi thesis, Universitas Tarumanagara.

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Abstract

Penelitian ini bertujuan untuk menganalisa pengaruh internal governance yang terdiri dari board size, duality CEO, board independence, dan managerial ownership terhadap tingkat free cash flow serta menganalisa apakah dividend payout mampu menjadi mediator pada hubungan internal governance dan free cash flow. Sampel dipilih menggunakan metode purposive sampling dan terdapat 109 perusahaan manufaktur yang terdaftar di BEI periode 2016-2018 yang menjadi sampel dalam penelitian ini. Penelitian ini menggunakan metode regresi berganda untuk menganalisa data dengan menggunakan software E-views 9 dan menggunakan Sobel Test untuk menguji pengaruh variabel mediasi. Hasil menunjukkan bahwa secara langsung board size, duality CEO, dan dividend payout berpengaruh signifikan terhadap tingkat free cash flow. Hasil penelitian ini juga menunjukkan bahwa dividend payout hanya mampu menjadi mediator pada hubungan antara board size dan free cash flow. Kata Kunci: Free Cash Flow, Board Size, Duality CEO, Board Independence, Managerial Ownership, Dividend Payout The objective of this research is to examine the influence of internal governance consisting of board size, CEO duality, board independence, and managerial ownership on the level of free cash flow and to examine whether dividend payout is able to be a mediator in the relationship of internal governance and free cash flow. The sample was selected using the purposive sampling method and there are 109 manufacturing companies listed on the Indonesia Stock Exchange in the period of 2016-2018 that were selected as sample. This research uses multiple regression methods to analyze data using E-views 9 and test the significance of mediating effect uses the Sobel Test. The results show that directly board size, duality CEO, and dividend payout have a significant effect on the level of free cash flow. The results of this study also show that dividend payouts can only be a mediator in the relationship between board size and free cash flow. Key word: Free Cash Flow, Board Size, Duality CEO, Board Independence, Managerial Ownership, Dividend Payout

Item Type: Thesis (Skripsi)
Subjects: Skripsi/Tugas Akhir
Skripsi/Tugas Akhir > Fakultas Ekonomi
Divisions: Fakultas Ekonomi > Akuntansi
Depositing User: FE Perpus
Date Deposited: 15 Nov 2021 05:32
Last Modified: 15 Nov 2021 05:32
URI: http://repository.untar.ac.id/id/eprint/33053

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