PENGARUH PROFITABILITAS, LEVERAGE, GROWRT DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN DENGAN VARIABEL GOOD CORPORATE GIVERNANCE SEBAGAI VARIABEL INTERVENING.

The purpose of this study is to prove the indirect effect of profitability, leverage, growth, and liquidity on dividend policy through good corporate governance as an intervening variable. This analysis uses independent variables are profitability, leverage, growth, and liquidity. The dependent variable is dividend policy, while the intervening variable of good corporate governance. The sample used in this research are included in the company's Corporate Governance Perception Index (CGPI) by The Indonesian Institute for Corporate Governance (IICG) from 2008 until 2011. The samples was taken using method of purposive sampling, and those meeting the slection criteria were also taken. The samples used was of 40 companies. The statistics method used was multiple regression to identify independent variable that influence the dependent variable and path analysis to detect whether an indirect relationship through good corporate governance. The result showed that in a partial and simultaneous all the independent variable did not influence significantly to the policy of dividends and good corporate governance except profitability and growth. The implementation of good corporate governance also not proved influential as variable intervening