The Influence of Debt Policy and Profitability on Investment Decisions: Dividend Policy as a Mediator
- 10.2991/aebmr.k.220702.018How to use a DOI?
- Investment Decision; Debt Policy; Profitability; Dividend Policy
This study aims to determine the effect of debt policy and profitability on investment decisions with dividend policy as a mediator in LQ45 companies listed on the IDX. The population in this study are all LQ45 companies listed on the Indonesia Stock Exchange for the period 2015 to 2019 using secondary data. Sampling is purposive sampling, with a total sample of 150 samples. The data analysis technique used SEM AMOS 23 analysis. The results showed that (1) The debt policy variable had a negative and significant effect on dividend policy. (2) Profitability variable positive and significant effect on dividend policy. (3) The debt policy variable has a negative and insignificant effect on investment decisions. (4) Profitability variable has a positive and significant effect on investment decisions. (5) The dividend policy variable has a positive and insignificant effect on investment decisions. (6) The dividend policy variable cannot mediate the relationship between debt policy and investment decisions. (7) Dividend policy variable can mediate the relationship between profitability and investment decisions.
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Cite this article
TY - CONF AU - Lina Sari AU - Erni Masdupi PY - 2022 DA - 2022/07/21 TI - The Influence of Debt Policy and Profitability on Investment Decisions: Dividend Policy as a Mediator BT - Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021) PB - Atlantis Press SP - 121 EP - 126 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220702.018 DO - 10.2991/aebmr.k.220702.018 ID - Sari2022 ER -