Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Effect of Net Profit Margin, Sales Growth, Profitability on Dividens Pay-Out Ratio with Managerial Ownership as Moderation

Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Effect of Net Profit Margin, Sales Growth, Profitability on Dividens Pay-Out Ratio with Managerial Ownership as Moderation

Net Profit Margin; Sales Growth; Profitability; Dividend Pay-out Ratio; Managerial Ownership

This study aims to test and analyze the relationship between net profit margin, sales growth, profitability to dividend pay-out ratio with managerial ownership as a moderating. The source of this study data uses secondary data from companies available at S&P Capital IQ with a total of 260 observations thathave met the criteria used using purposive sampling techniques. This research shows that net profit margin and profitability have a positive influence on the dividend pay-out ratio. Sales growth has a negative influence on the dividend pay-out ratio. The study also showed that managerial ownership as a moderating variable strengthens the relationship between net profit
margin, sales growth and profitability to dividend pay-out ratio.

Eduard Ary Binsar Naibaho, Nurul Widyastari

DOI: 10.26905/jkdp.v27i1.9053

Universitas Merdeka Malang

January 2023

English

ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)

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Jurnal Keuangan dan Perbankan Universitas Merdeka Malang