{"id":"https://openalex.org/W2983203157","doi":"https://doi.org/10.9744/ijbs.2.2.87-95","title":"The Effect of Company Performance on Dividend Policy in Manufacturing Companies","display_name":"The Effect of Company Performance on Dividend Policy in Manufacturing Companies","publication_year":2019,"publication_date":"2019-11-01","ids":{"openalex":"https://openalex.org/W2983203157","doi":"https://doi.org/10.9744/ijbs.2.2.87-95","mag":"2983203157"},"language":"en","primary_location":{"id":"doi:10.9744/ijbs.2.2.87-95","doi":"https://doi.org/10.9744/ijbs.2.2.87-95","is_oa":true,"landing_page_url":"https://doi.org/10.9744/ijbs.2.2.87-95","pdf_url":null,"source":{"id":"https://openalex.org/S4210231796","display_name":"Petra International Journal of Business Studies","issn_l":"2621-6426","issn":["2621-6426"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315015","host_organization_name":"Petra Christian University","host_organization_lineage":["https://openalex.org/P4310315015"],"host_organization_lineage_names":["Petra Christian University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Petra International Journal of Business Studies","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://doi.org/10.9744/ijbs.2.2.87-95","any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5012517222","display_name":"Onny Kusuma","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I114202661","display_name":"Petra Christian University","ror":"https://ror.org/045e97x26","country_code":"ID","type":"education","lineage":["https://openalex.org/I114202661"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Onny Kusuma","raw_affiliation_strings":["Faculty of Business and Economics, Petra Christian University  Jl. Siwalankerto 121-131, Surabaya, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Business and Economics, Petra Christian University  Jl. Siwalankerto 121-131, Surabaya, Indonesia","institution_ids":["https://openalex.org/I114202661"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5044263040","display_name":"Hatane Semuel","orcid":"https://orcid.org/0000-0002-5266-0137","observed_orcids":["https://orcid.org/0000-0002-5266-0137"]},"institutions":[{"id":"https://openalex.org/I114202661","display_name":"Petra Christian University","ror":"https://ror.org/045e97x26","country_code":"ID","type":"education","lineage":["https://openalex.org/I114202661"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Hatane Semuel","raw_affiliation_strings":["Faculty of Business and Economics, Petra Christian University  Jl. Siwalankerto 121-131, Surabaya, Indonesia"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Faculty of Business and Economics, Petra Christian University  Jl. Siwalankerto 121-131, Surabaya, Indonesia","institution_ids":["https://openalex.org/I114202661"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I114202661"],"apc_list":null,"apc_paid":null,"fwci":1.192,"has_fulltext":true,"cited_by_count":13,"citation_normalized_percentile":{"value":0.80186438,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":{"min":88,"max":97},"biblio":{"volume":"2","issue":"2","first_page":"87","last_page":"95"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.9911999702453613,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.0066999997943639755,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13957","display_name":"Corporate Governance and Financial Management","score":0.0003000000142492354,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.996999979019165},{"id":"https://openalex.org/keywords/firm-performance","display_name":"firm performance","score":0.7509999871253967},{"id":"https://openalex.org/keywords/profitability","display_name":"profitability","score":0.9890000224113464},{"id":"https://openalex.org/keywords/financial-leverage","display_name":"leverage","score":0.8619999885559082},{"id":"https://openalex.org/keywords/liquidity","display_name":"liquidity","score":0.996999979019165},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.8349999785423279},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.7149999737739563},{"id":"https://openalex.org/keywords/financial-decision-making","display_name":"financial decision-making","score":0.42899999022483826}],"concepts":[{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.9224635362625122},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.8080579042434692},{"id":"https://openalex.org/C153083717","wikidata":"https://www.wikidata.org/wiki/Q6535263","display_name":"Leverage (statistics)","level":2,"score":0.7862237691879272},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.7785890102386475},{"id":"https://openalex.org/C129361004","wikidata":"https://www.wikidata.org/wiki/Q2470236","display_name":"Profitability index","level":2,"score":0.7233050465583801},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.6113038063049316},{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.5517650246620178},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4360450506210327},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.41631221771240234},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.370121568441391},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.30481594800949097},{"id":"https://openalex.org/C41008148","wikidata":"https://www.wikidata.org/wiki/Q21198","display_name":"Computer science","level":0,"score":0.06330889463424683},{"id":"https://openalex.org/C119857082","wikidata":"https://www.wikidata.org/wiki/Q2539","display_name":"Machine learning","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.9744/ijbs.2.2.87-95","doi":"https://doi.org/10.9744/ijbs.2.2.87-95","is_oa":true,"landing_page_url":"https://doi.org/10.9744/ijbs.2.2.87-95","pdf_url":null,"source":{"id":"https://openalex.org/S4210231796","display_name":"Petra International Journal of Business Studies","issn_l":"2621-6426","issn":["2621-6426"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315015","host_organization_name":"Petra Christian University","host_organization_lineage":["https://openalex.org/P4310315015"],"host_organization_lineage_names":["Petra Christian University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Petra International Journal of Business Studies","raw_type":"journal-article"}],"best_oa_location":{"id":"doi:10.9744/ijbs.2.2.87-95","doi":"https://doi.org/10.9744/ijbs.2.2.87-95","is_oa":true,"landing_page_url":"https://doi.org/10.9744/ijbs.2.2.87-95","pdf_url":null,"source":{"id":"https://openalex.org/S4210231796","display_name":"Petra International Journal of Business Studies","issn_l":"2621-6426","issn":["2621-6426"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/P4310315015","host_organization_name":"Petra Christian University","host_organization_lineage":["https://openalex.org/P4310315015"],"host_organization_lineage_names":["Petra Christian University"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Petra International Journal of Business Studies","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":19,"referenced_works":["https://openalex.org/W862499483","https://openalex.org/W1512247531","https://openalex.org/W1538204579","https://openalex.org/W1596485435","https://openalex.org/W2024215468","https://openalex.org/W2076039407","https://openalex.org/W2095432356","https://openalex.org/W2100758014","https://openalex.org/W2142856961","https://openalex.org/W2223768511","https://openalex.org/W2341541993","https://openalex.org/W2586292320","https://openalex.org/W2775019766","https://openalex.org/W2784214890","https://openalex.org/W2795283713","https://openalex.org/W3143784356","https://openalex.org/W3149557961","https://openalex.org/W4211128610","https://openalex.org/W4309385600"],"related_works":["https://openalex.org/W2980882514","https://openalex.org/W4411749819","https://openalex.org/W4405557742","https://openalex.org/W4319862077","https://openalex.org/W4410915850","https://openalex.org/W4285651019","https://openalex.org/W4396701061","https://openalex.org/W7216517197","https://openalex.org/W7217647861","https://openalex.org/W7217762138"],"abstract_inverted_index":{"Companies":[0],"in":[1,71,139,160],"managing":[2],"their":[3],"finances":[4],"are":[5,13,18,128],"always":[6],"faced":[7],"with":[8,96,165],"three":[9,16],"important":[10],"issues":[11],"that":[12,101],"interrelated.":[14],"The":[15,84,123,158],"problems":[17],"investment":[19],"decisions,":[20],"funding":[21],"decisions":[22],"and":[23,59,82,94,181,187,204],"dividend":[24,33,40,69,98,185,202,207],"policy":[25,34,70,186,203],"decisions.":[26],"This":[27,56,173],"study":[28,57,127,162,174],"will":[29,86,110],"be":[30,191],"focusing":[31],"on":[32,134,184],"decision.":[35],"Not":[36],"all":[37],"companies":[38,132],"distribute":[39,121],"even":[41],"when":[42],"they":[43,50],"have":[44],"high":[45,113],"profit/liquidity":[46],"level":[47,115],"or":[48,195],"because":[49],"need":[51],"money":[52],"to":[53,61,68,120,193,201,206],"pay":[54],"interest.":[55],"investigates":[58],"aim":[60],"analyze":[62,87,111],"the":[63,88,108,135,155,166,176,197],"effect":[64,90],"of":[65,168,178],"company":[66,97,118],"performance":[67,75],"manufacturing":[72,130],"companies.":[73,157],"Company":[74],"used":[76,192],"as":[77,105],"variables":[78],"are:":[79],"profitability,":[80,92,179],"leverage,":[81,93,180],"liquidity.":[83],"author":[85,109],"direct":[89],"from":[91,148],"liquidity":[95,104,114,182,189],"policy.":[99,208],"After":[100],"by":[102,154],"using":[103],"moderating":[106],"variable,":[107],"wether":[112,188],"can":[116,190],"strengthen":[117,194],"decision":[119],"dividends.":[122,143],"sample":[124,156],"for":[125],"this":[126,161],"77":[129],"industry":[131],"listed":[133],"Indonesia":[136],"Stock":[137],"Exchange":[138],"2010-2016":[140],"which":[141],"distributed":[142],"Research":[144],"data":[145,152,159],"is":[146],"taken":[147],"annual":[149],"financial":[150],"report":[151],"published":[153],"were":[163],"processed":[164],"help":[167],"SEM":[169],"smartPLS":[170],"3.0":[171],"model.":[172],"explains":[175],"impact":[177],"factors":[183],"weaken":[196],"relationship":[198],"between":[199],"profitability":[200],"leverage":[205]},"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":1},{"year":2024,"cited_by_count":4},{"year":2023,"cited_by_count":3},{"year":2022,"cited_by_count":3},{"year":2020,"cited_by_count":1}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2019-11-22T00:00:00"}