Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)

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The Influence of Debt Policy and Profitability on Investment Decisions: Dividend Policy as a Mediator

Authors
Lina Sari1, *, Erni Masdupi2
1,2Universitas Negeri Padang, Padang, Indonesia.
*Corresponding author. Email: linasarinasution10@gmail.com
Corresponding Author
Lina Sari
Available Online 21 July 2022.
DOI
10.2991/aebmr.k.220702.018How to use a DOI?
Keywords
Investment Decision; Debt Policy; Profitability; Dividend Policy
Abstract

This study aims to determine the effect of debt policy and profitability on investment decisions with dividend policy as a mediator in LQ45 companies listed on the IDX. The population in this study are all LQ45 companies listed on the Indonesia Stock Exchange for the period 2015 to 2019 using secondary data. Sampling is purposive sampling, with a total sample of 150 samples. The data analysis technique used SEM AMOS 23 analysis. The results showed that (1) The debt policy variable had a negative and significant effect on dividend policy. (2) Profitability variable positive and significant effect on dividend policy. (3) The debt policy variable has a negative and insignificant effect on investment decisions. (4) Profitability variable has a positive and significant effect on investment decisions. (5) The dividend policy variable has a positive and insignificant effect on investment decisions. (6) The dividend policy variable cannot mediate the relationship between debt policy and investment decisions. (7) Dividend policy variable can mediate the relationship between profitability and investment decisions.

Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

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Volume Title
Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)
Series
Advances in Economics, Business and Management Research
Publication Date
21 July 2022
ISBN
10.2991/aebmr.k.220702.018
ISSN
2352-5428
DOI
10.2991/aebmr.k.220702.018How to use a DOI?
Copyright
© 2022 The Authors. Published by Atlantis Press International B.V.
Open Access
This is an open access article distributed under the CC BY-NC 4.0 license.

Cite this article

risenwbib
TY  - CONF
AU  - Lina Sari
AU  - Erni Masdupi
PY  - 2022
DA  - 2022/07/21
TI  - The Influence of Debt Policy and Profitability on Investment Decisions: Dividend Policy as a Mediator
BT  - Proceedings of the Eighth Padang International Conference On Economics Education, Economics, Business and Management, Accounting and Entrepreneurship (PICEEBA-8 2021)
PB  - Atlantis Press
SP  - 121
EP  - 126
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.220702.018
DO  - 10.2991/aebmr.k.220702.018
ID  - Sari2022
ER  -