Factors Affecting Free-Cash-Flow (FCF) with Dividend Policy as a Mediating Variable
- 10.2991/aebmr.k.200626.058How to use a DOI?
- Free cash flow, dividend policy, board structure, board independence, leverage
The purpose of research was to obtain empirical evidence about the impact of board structure, board independence, and leverage on Free-Cash-Flow (FCF) with dividend policy as a mediating variable among manufacturing companies during the period of 2016-2018. This study used 29 manufacturing companies selected using purposive sampling method. The statistical method used to test the research hypotheses was the path analysis model. The results of this research were that board structure had positive and significant effect on FCF, board independence and leverage did not have significant effect on FCF, dividend policy had negative and significant effect on FCF, and dividend policy was able to mediate the effect of board structure on FCF. Meanwhile, dividend policy was unable to mediate the effect of board independence and leverage on FCF. For further research, it is recommended to extend the period of the study as well as adding other independent variables.
- © 2020, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Nia Widyanti AU - Widyasari Widyasari PY - 2020 DA - 2020/06/29 TI - Factors Affecting Free-Cash-Flow (FCF) with Dividend Policy as a Mediating Variable BT - Proceedings of the 8th International Conference on Entrepreneurship and Business Management (ICEBM 2019) UNTAR PB - Atlantis Press SP - 340 EP - 345 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.200626.058 DO - 10.2991/aebmr.k.200626.058 ID - Widyanti2020 ER -