Effect of Dividend Policy, Ownership Managerial, And Company Size on Growth Profit

Ira Damayanti, Nani Mulyani


This study aims to prove empirically the effect of dividend policy, managerial ownership, and firm size on earnings growth. This research was conducted in a manufacturing company in the non-primary consumer goods industry sector. The type of research used is quantitative with an associative method approach. The type of data used is secondary data in the form of annual financial reports published on the Indonesia Stock Exchange (IDX) for the 2017–2021 period. Samples were collected using purposive sampling method. The amount of data collected is 40 observation data. The data was processed using the Eviews 9 Statistical Program to test the hypothesis using multiple regression analysis. The results of the F statistic test show that dividend policy, managereial ownership, and firm size affect earnings growth, while the results of the t-test statistic show that partially dividend policy and firm size affect earnings growth, but managerial ownership has no effect on earnings growth.


Growth Profit; Policy Dividends; Ownership Managerial; Company Size

Full Text:



Afrilliansyah, W., & Mardani, RM (2021). Profitability Ratio Analysis And Policy Dividend In predict Growth Profit On Company Banking Which Registered in IDX Year 2016-2019. e – Journal Research Study Program Management Management , 10(11) 101-113.


Ardini , S. O (2020). Influence Performance Finance , Policy dividend , And Ownership managerial To Growth Profit . Journal Science and Research Accounting , Vol. 9 No. 8 , --.

Augustine, N. M. (2022). Analysis Influence Size Company, Structure Asset, And Structure Capital To Profitability,Journal Arastirma University Pamulang. Vol. 2 No. 1 , 19-26.

Candradewi , I. B. (2016). Influence Ownership managerial , Ownership institutional And Board Commissioner Independent To return On Assets. E- Journal Management Unud , Vol. 5, No. 5, 2016 , 3163-3190.

cashmere . (2017). Excellent Customer Service: Theory and Practice . Jakarta: PT Raja Grafindo Persada .

Dahayani et al . (2017). “ Influence Policy Dividend On Management Profit With good corporate Governance As Moderation . E- Journal Economy And Udayana University Business , Vol 6. No. 4 , 1395 - 1424.

Dance, DN (2021, 01 28). The Pandemic Didn't Hinder Ace Hardware's Expansion Intentions (ACES). pp. Retrieved from https://market.business.com/read/20210128/192/1349228/pandemi-tak- block-intent-ace-hardware-expansion-aces

Effriyanti, CM (2020). Effects of Firm Size, Public Ownership And Application International Financial reporting Standards (IFRS) To audits Report Lag. Vol. 8 No. 1 , ---.

Ghozali , I. (2017). Analysis Multivariate and Econometrics Theory , Concept , and Application with EViews 10. Semarang: Body Publisher University Diponegoro .

Gulo et al. (2021). Influence Size Company, Liquidity, leverage, And Activity To Growth Profit On Company Sector Trade, Services and Investments Listed on the Indonesian Stock Exchange Period 2016-2019. Journal of Economic, Business and Accounting , 5 (1) 169-181.

Handranata, Y., & Ruslim, H. (2022). Factors Which Influence Net Profit Growth in Property Companies. Contemporary Journal accounting , 2(1) 53-63.

Hanifah et al. (2020). Effect of Current Ratio, Debt To Equity Ratio, Total Assets turnover, and Ownership managerial To Growth Profit. Oikos: Journal Educational Studies Economics and Economics , 4 (1) 1-10.

Harry . (2016). Accountancy Base. Jakarta: PT. Grasindo .

Hendarwati, P., & Syarifudin, A (2021). Influence Liquidity, leverage And Company Size Against Profit Growth Study Case on Sub Banking Sector Listed on the Indonesia Stock Exchange Period Year 2015-2019. Journal Scientific student Management, Business, and accounting , 3 (1) 21-38.

Hope , SS (2019). Analysis Critical on Report Finance . New York : Rajawali Pers.

Husain, T., & Sunardi, N. (2020). Firm's Value Prediction Based on Profitability Ratios and Dividend Policy. Finance & Economics Review, 2(2), 13-26.

Jakarta: Salemba Four.

Kadim, A., & Sunardi, N. (2022). Financial Management System (QRIS) based on UTAUT Model Approach in Jabodetabek. International Journal of Artificial Intelligence Research, 6(1).

Kadim, A., Sunardi, N & Husain, T. (2020). The modeling firm's value based on financial ratios, intellectual capital and dividend policy.Accounting, 6(5), 859-870.

Kusumawati, L. M. (2018). Influence Ownership managerial, Ownership institutional, Policy Dividend, And Policy Debt To Score Companies (Studies On Manufacturing Companies Listed In Bei 2011-2016). Department of Faculty Management Economics and Business , --.

Lautania , PE (2016). Influence Operating Cash Flow , Capital Expenditures , and Dividends Payout Ratio Against predictions Profits on Companies Registered in Index Lq 45 Year 2011-2015. Journal Scientific Student Economy Accountancy (JIMEKA), Vol. 1, No. 1 , 204-212.

Mangatar, JC (2015). Managerial Ownership Analysis, debt policy and Profitability to policy dividend and score company on manufacturing companies listed on the IDX. EMBA Journal, Vol.3 No.1 March 2015 , 1141-1151.

Manurung, B. H., & Kartikasari, D. (2017). Influence Policy Dividend and Growth Income to Growth Profit on Company Manufacture. Scientific Journal of Accounting and Finance (INFAK) , 3 (2) 69-76. Martini, R. S., & Siddi, P (2021). Influence return on assets, Debt to equity ratio, Total Assets turnover, Net Profit margin, and Ownership managerial To Growth Profit. Journal Accountancy and Finance Accountable , 18 (1) 99-109.

Mayasari , T. &. (2018). Effect of Return on Equity, Net profit margin and size company to underpricing. Journal Study accounting , vol 2, no 1 , 41- 53.

Mildawati, KM (2016). Effect of Size, Growth, Profitability, Capital Structure, Policy Dividend To Score Company. Journal Knowledge and Research accounting , 2-16.

Mukaram , S.d. (2018). Journal Research Business and Investment . Effect of ROA, ROE, and NPM Against Growth Profits In Sector Companies Industry Goods Consumption Listed on the Indonesia Stock Exchange , vol 4,n 0 1 , 25- 39.

Mulyani, N. (2020). Factors Affecting the Dividend Payout Ratio At Insurance Companies Registered In IDX Period 2009-2014. Journal Lively, Vol. 3 No. 2 , 113-134.

Murhadi , W. R. (2018). Analysis Report Finance Projection and Evaluation Share.

Mustanda, IN (2017). Leverage Influence, Firm Leverage, Growth Company, And Profitability To Score Company On Company Property. Vol. 6 No. 3 , --.

Nardi Sunardi Et Al (2020). Determinants of Debt Policy and Company’s Performance, International Journal of Economics and Business Administration Volume VIII Issue 4, 204-213

Nurhayati, SA (2020). Effect of Financial Ratios on Profit Growth With Size Company As Variables moderation. Vol 15. No.1 , 241

Petra et al. (2020). Effect of Firm Size, Current Ratio, and Turnover Supply to Growth Profit. Journal On line human accountant , 5 (2) 197-214.

Rai, NK (2016). Influence Capital Structure , Policy Dividends , and Size Company Against Firm Value In Manufacturing Companies . E- Journal Management Unud ., Vol 5, No 3 .

Ramdhonah, d. (2019). Influence Structure Capital, Size Company, Growth Company, Dan Profitability To Score Company (Empirical Study of Mining Sector Companies Registered at Indonesia Stock Exchange 2011-2017). journal _ Research _ A accounting And _ finance , _ Vol 7 No. 1 , 67-82.

Safitri, IL (2016). Effect of financial ratios on profit growth Company Manufacture Sector Industry Consumer Which Registered In Exchange Indonesian Securities (Case Study on the Company Kalbe Farma Tbk Period 2007-2014). Accounting And Business, Vol. 2 No. 2 , 58-137.

Santoso, B. N. (2018). Influence Ownership managerial, Ownership Institutional, Profitability and Company Size Against Policy D i viden. Vol. 5 No. 2 , 197-214.

Setyowati, J. A., & Retnani, E. D. (2021). Influence Performance Finance And Size Company To Growth Profit Company Pharmacy . Journal Knowledge and Accounting Research , 10 (6) 1-18.

Subramanyam. (2017). Analysis Report Finance Print 11. Jakarta:: salemba . Sugiyono . (2019). Method Study quantitative , Qualitative and R&D Bandung:

Sujarweni , W. V. (2017). Analysis Report Finance terror , Application and.

Sunardi, N. (2022). Liquidity and Asset Growth on Telecommunications Companies Value. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi), 5(3), 299-307.

Supriadi . (2020). Method Research Accounting . Yogyakarta: Deeppublish . Suwardjono . (2017). Theory Accounting . Yogyakarta: BPFFE Yogyakarta.

Wibowo, A S. (2018). Influence Management Profit, Size Company And leverage To return Share With Policy Dividend As Variable Moderation. Vol. 6 No. 2 , --.

www.katadata.co.id. (2022, 06 13). Ace hardware For Dividend Rp 352 Billion, Equivalent to 50% of Profit2021.pp.---.Retrievedfrom https://katadata.co.id/syahrizalsidik/finansial/62a70890b7e85/ace- hardware-dividend-share-rp-352-billion-equivalent-50-of-profit-2021

www.Market.Bisnis.com. (2021, 01 28). Pandemic Not block Intention Expansion Ace Hardware (ACES).pp.--.Retrievedfrom https://market.business.com/read/20210128/192/1349228/pandemi-tak- block-intent-ace-hardware-expansion-aces

Yogyakarta: References New press.

Yohanas , W. (2014). Influence Firm Size Solvability and Profitability To Growth Profit . Study Program Journal University Accounting field, Vol.1 No.1 , ---.

Yuniati, d. (2016). Influence policy Dividend, policy debt, profitability and structure ownership limited score company on company manufactures listed on the IDX 2009- 20014. Journal of Accounting, Vol.2, No.2 , ---.

Yusuf, M., & Ekowati, WH (2021). Analysis of the Effect of Liquidity, Solvability, profitability, Activity, and Policy Dividend To Growth Profit Company. Journal Scientific Student FEB University Brawijaya , 10 (1) 1-27.

DOI: http://dx.doi.org/10.32493/skt.v6i2.25468


  • There are currently no refbacks.

Copyright (c) 2023 Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi)

Indexed by:



Prodi Manajemen, Univesitas Pamulang 
Jl. Surya Kencana, No.1, Pamulang
Tangerang Selatan, Banten, 15417
Tlp/Fax: (021) 7412566
Hp: +62 878-8655-3215
E-mail: sekuritas@unpam.ac.id

Based on a work at http://openjournal.unpam.ac.id/index.php/SKT

Flag Counter

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.