PENGARUH KEPEMILIKAN INSTITUSIONAL, PROFITABILITAS, LIKUIDITAS DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PERUSAHAAN SEKTOR PERTAMBANGAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

Mining companies are business entities involved in the exploration, extraction and processing of mineral resources from the earth, including various commodities such as metals, fossil fuels and non-metallic mining materials. This sector plays an important role in the Indonesian economy, with a significant impact on GDP and state revenues through taxes and royalties. Dividend policy in the mining sector is influenced by various factors that can influence investment decisions and business strategies, although several coal issuers experienced a decline in profits but continued to distribute dividends to shareholders. The sample in the study used a purposive sampling technique with a total sample of 86 companies with a cross section period, namely 2023. The analysis technique used logistic regression analysis. The research results show that institutional ownership and liquidity have no effect on dividend policy. Meanwhile, profitability and company size have a positive effect on dividend policy.