The Role of Family Involvement in Moderating The Relationship Between Company Characteristics and Dividend Policy in Indonesia

This study seeks out the relationship between characteristics of companies and dividend policy, as well role family involvement a moderator such relationships. utilized purposive sampling method. We conducted analysis by multiple linear regression moderated analysis. The number samples in this is 192 observations non-financial listed on LQ45 index. Result shows that profitability, size, investment opportunities have positive effect payout ratio. Meanwhile, financial leverage has negative with Family weakens influence profitability policy but strengthens opportunities. does not moderate policy.