Determinants of Dividend Policy of Listed Commercial Banks in Indonesia

  • Gina Aulia Ministry of Social Affairs of the Republic of Indonesia, Jakarta, DKI Jakarta, Indonesia
  • Mohamad Fany Alfarisi Department of Management Faculty of Economics Universitas Andalas, Padang West Sumatra Indonesia https://orcid.org/0000-0003-4734-8592
Keywords: Dividend Payment Policy, Generalized Method of Moment, Bank

Abstract

This study aims to identify the determinants of dividend payout policy of publicly listed banks in Indonesia. The data were collected from annual reports and databases related to the research sample. The present study employs the dynamic panel data model using the Generalized Methode of Moment (GMM) approach. The results without control variables suggest that lagged dividend payout, profitability, and firm size positively impact dividend payout. Meanwhile, using control variables, the present study finds only liquidity that significantly impacts the dividend payout.

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Published
2019-11-29
How to Cite
Aulia, G. and Alfarisi, M. (2019) “Determinants of Dividend Policy of Listed Commercial Banks in Indonesia”, AMAR (Andalas Management Review), 3(2), pp. 76-89. doi: 10.25077/amar.3.2.76-89.2019.
Section
Articles