Licensed under Creative Common THE EFFECTS OF FREE CASH FLOW, LIFE CYCLE, AND LEVERAGE ON DIVIDEND POLICY OF TECHNOLOGY, MEDIA, AND TELECOMMUNICATION COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE A COMPARATIVE STUDY OF COMPANIES WITH AND WITHOUT GOVERNMENT OWNERSHIP AS OF 2006-2015 Licensed under Creative Common
International Journal of Economics, Commerce and Management United Kingdom
This research is aimed to understand the effect of Free Cash Flow, Life Cycle, and Leverage toward Dividend Policy. The data used in this research is financial statement of public companies in technology, media and telecommunication industry that are listed on Indonesia stock Exchange (IDX) during the period 2006-2014. According to IDX Fact Book 2015, there are twenty five technology, media, and telecommunication companies that are listed in IDX, sixteen of those pay dividend during the period
... during the period 2006-2015. Moreover, this research uses panel data analysis method to divide the companies into two groups (companies with government ownership and companies without government ownership). The results of this research, both groups (indicate that Free Cash Flow, Life Cycle, dan Leverage simultaneously have significant effect on Dividend Policy. Partial effect result for companies with government ownership is Free Cash Flow and Life Cycle have positive significant effect on Dividend Policy while Leverage has negative significant effect on Dividend Policy. Partial effect result for Companies without government ownership is Free Cash Flow and Leverage has negative significant effect on Dividend Policy while Life Cycle has positive significant effect on Dividend.