The inconsistent distribution of dividends is a unique phenomenon and it needs to be examined. Therefore, the purpose of this study is to examine ten predictors affecting dividend policy of the inconsistent distribution of dividends. This study used the purposive sampling method to analyze the data that were obtained from a total sample of 133 observation objects collected in the 19 real estates, property, and building construction companies listed on the IDX Between 2013 - 2019. Furthermore, the method used is hypotheses testing and statistical analysis tool used is the hierarchical multiple panel data regression with the Least Squares Dummy Variables. The results obtained from panel A are firm risk, financial leverage, and investment opportunity that affect the dividend policy. Meanwhile, the panel B results are company risk, financial leverage, investment opportunity, and previous dividend, although the previous dividend had no effect due to the different direction of influence. This study proves the determinants and relevance of the parametric statistical analysis in the inconsistent distribution of dividends. Moreover, it is useful for managerial practitioners to pay attention to predictors for increasing company performances and to ensure investors obtain optimal return of their dividend.

This study investigated the determinants of bank performance in countries belonging to the Association of Southeast Asian Nations (ASEAN). The analysis primarily included conventional banks listed on the stock exchanges of Indonesia, Malaysia, the Philippines, and Thailand from 2010 to 2019. Panel data regression was used to examine the effect of independent variables, including capital adequacy ratio (CAR), non-performing loans (NPL), loan-to-deposit ratio (LDR), market power (MP), exchange rate (ER), interest rate (IR), and technology investment (TI), on the dependent variable, bank performance. The hypothesis testing was conducted on 17 banks in Indonesia, 18 in ASEAN-3 (Malaysia, the Philippines, and Thailand), and 35 in ASEAN-4 (Indonesia, Malaysia, the Philippines, and Thailand). The results showed that CAR positively affected banks in both ASEAN-3 and ASEAN-4. NPL positively affected banks in Indonesia, while MP positively influenced banks in ASEAN-4. ER positively affected banks in Indonesia and ASEAN-3, and IR positively Influenced banks in ASEAN-4. Conversely, LDR and TI did not significantly affect any of the models. One essential contribution of this study was the inclusion of technology investment variables among other macro factors and the integration of data from various stock exchanges across ASEAN countries. These results provide a valuable theoretical framework and reference point for experts, practitioners, and banking regulators in formulating policies prioritizing bank-specific and macroeconomic variables affecting performance.

This research analyzes the effect of the government bond yield curve spread on economic growth performance in Indonesia using the indicators of exchange rate, inflation, BI rate, foreign investment, portfolio investment, current account, and government accounts. Furthermore, it aims to prove the accuracy of the vector autoregression (VAR) or vector autoregression model in predicting economic growth from Q1 2010 to Q3 2020. The results showed that the yield curve spread has a significant effect on economic growth. Meanwhile, the exchange rate, inflation, and the BI rate have a negative effect on economic growth. Capital inflows such as foreign direct investment, portfolio investment, as well as the current account balance and government balance have a positive effect on economic growth. These results are useful to government policymakers, fund managers, and investors, as they provide further evidence of the potential use of yield curves as an indicator of future economic activity.

Investment decision making is a crucial process influenced by many factors, such as cash flow. Therefore, it is important for potential investors to understand the stability of cash flow. This study aims to examine cash flow and investment-cash flow sensitivity on investment in manufacturing companies listed in Indonesia Stock Exchange from 2011 to 2015. A panel data methodology by a fixed-effect model with cross-section weights, standard errors, and covariance were utilized. It comprises two models, Panel A and B, with each consisting of all samples, and financially constrained grouping by Kaplan and Zingales-index (KZ-index). The finding that investment-cash flow sensitivity and financially constrained had a significant positive on investment. The result suggests it is important for investment decisions. In panel B, Tobin’s Q was significantly applied to unconstrained companies to prevent a negative impact on sales, with the application of the closing price. The managerial implication of this research is addressed to company managers, potential investors, and readers. In conclusion, cash flow, long-term debt, working capital investment, leverage, and asset turnover impacts on investment for all estimations. JEL Classification: D13, I31, J22 DOI: https://doi.org/10.26905/jkdp.v24i1.3475

Sejak pandemic COVID-19 mulai melandai pada akhir tahun 2021 dan dilanjutkan pada tahun 2022, dunia usaha mulai bergerak. Usaha kecil, mikro dan menengah juga mulai terlihat menggeliat. Sekolah Kewirausahaan Bina Amanah Cordova (SKBAC) yang selama bertahun-tahun telah membantu pengembangan wirausaha muda juga terlihat semakin bersemangat mendorong para siswanya untuk segera terjun Kembali berusaha. Sebagai salah satu mitra penting dalam pengembangan para calon wirausaha muda ini, Fakultas Ekonomi dan Bisnis, Universitas Trisakti ikut membina mereka. Setelah dilakukan survey kepada para siswa diketahu bahwa walaupun Sebagian dari mereka telah mulai berbisnis tetapi mereka masih mengalami masalah dalam berkomunikasi dengan konsumennya dan juga dalam menetapkan harga yang tepat bagi produk atau jasanya. Berdasarkan hasil survey tersebut, maka dilakukan pelatihan mengenai komunikasi pemasaran dan strategi penetapan harga dengan tujuan agar para siswa memahami pentingnya komunikasi pemasaran, berbagai alat dalam melaksanakan komunikasi dan berbagai stratgi penetapan harga. Hasil dari pelatihan ini, para peserta menjadi paham bahwa sangat penting bagi mereka untuk melakukan komunikasi pemasaran dengan konsumennya, kemudian mereka dapat memilih alat komunikasi pemasaran yang sesuai bagi produk/jasanya serta dapat mengembangkan strategi penetapan harga yang cocok sehingga menarik bagi para calon konsumennya.

This study aims to examine the effect of corporate governance on dividend policy. The sample used in this study was 41 manufacturing companies listed on the Indonesia Stock Exchange for 2015 - 2019. The sampling technique used was purposive sampling, and the analysis method used was multiple linear regression. The independent variables in this study are board size, ownership structure (domestic institutional ownership and foreign institutional ownership), board independence, leverage, firm size, profitability, growth, free cash flow, liquidity, and capital expenditures. Meanwhile, the dependent variable in this study is the dividend policy (dividend payout and dividend yield). The results showed that direct board independence, firm size, profitability, and growth positively affected dividend payout. Board size, leverage, and profitability significantly positively affect dividend yield. As moderating variables to assess ownership structure (domestic institutional ownership), capital expenditure and board independence significantly affect dividend payout. Capital expenditures have a significant negative impact on dividend yields. Board size, domestic institutions, foreign institutions, leverage, free cash flow, liquidity, and board independence as moderating variables to increase ownership structure (foreign institutions) do not affect dividend payout. Domestic institutional ownership, foreign institutional ownership, direct board independence, company size, company growth, free cash flow, liquidity, and board independence as moderating variables to increase ownership structure (domestic institutional ownership and foreign institutional ownership) do not affect dividend yields.