Operating cash flow, profitability, liquidity, leverage and dividend policy

Rizki Rahmawati, I. Made Narsab

Research output: Contribution to journalArticlepeer-review

1 Citation (Scopus)


This study aims to gain empirical evidence on the effects of operating cash flow, profitability, liquidity, and leverage towards dividend policy. The samples employed in this study were 183 companies listed on the Indonesia Stock Exchange and classified in the LQ45 index. The research hypotheses were tested with multiple linear regression analysis. The results show that the operating cash flow positively affects the dividend policy while leverage negatively affects the dividend policy. In addition, both profitability and liquidity do not affect dividend policy.

Original languageEnglish
Pages (from-to)121-148
Number of pages28
JournalInternational Journal of Innovation, Creativity and Change
Issue number9
Publication statusPublished - 2020


  • Dividend policy
  • Leverage
  • Liquidity
  • Operating cash flow
  • Profitability


Dive into the research topics of 'Operating cash flow, profitability, liquidity, leverage and dividend policy'. Together they form a unique fingerprint.

Cite this