Pengaruh Rasio Keuangan dan Kebijakan Dividen terhadap Perubahan Laba Perusahaan di Indonesia pada Masa Pandemi Covid-19

Abstract

This study aims to determine the effect of financial ratios and dividend policy on changes incorporate profits in Indonesia during the COVID-19 pandemic. The financial ratios used asvariables in this study are profitability ratios, liquidity ratios, and solvency ratios, which aremeasured by Net Profit Margin, Current Ratio, and Debt to Asset Ratio. While the Dividend Policyis measured by the Dividend Payout Ratio. This study makes all non-financial sector companieslisted on the Indonesia Stock Exchange (IDX) in 2020 as the population. The sample in this studyamounted to 113 companies obtained through purposive sampling technique. The analyticaltechnique used in this study is multiple linear regression analysis, with secondary data typesprocessed using the IBM SPSS version 25 application. The results of this study indicate that NetProfit Margin has a positive effect on changes in company profits, Current Ratio and Debt to AssetRatio has no effect on changes in company profits, while Dividend Policy has a negative effect onchanges in company profits.