ANALISIS KARAKTERISTIK KEUANGAN TERHADAP KEBIJAKAN DEVIDEN PADA PERUSAHAAN INDUSTRY CONSUMER GOODS

Bella Imas Diovany,Dyah Ani Pangastuti

doi:10.26905/ap.v6i2.4596

Abstract

The aim of the study was to obtain empirical evidences about the effect of cash ratio, debt to equity ratio (DER), return on asset (ROA), asset growth and firm size on the dividend payout ratio (DPR). The study was designed quantitatively by using the financial report of the companies listed in the Indonesia Stock Exchange, by involving 6 companies listed in the Indonesia Stock Exchange during the period 2010-2015 during six years as the samples, which were selected based on purposive sampling technique. That 36 of company’s data were obtained. The data were analyzed by using multiple linear regression supported by SPSS version 16. The results indicated that: Cash Ratio and Asset Growth had a negative effect and not significantly on Dividend Payout Ratio (DPR), while the result analysis Debt to Equity Ratio (DER) and Firm Size had a positive effect and significantly on Dividend Payout Ratio (DPR), and Return On Asset had a positive effect and significantly on the Dividend Payout Ratio (DPR). DOI: 10.26905/ap.v6i2.4596

Highlights

ABSTRAK Tujuan dari penelitian ini adalah untuk mendapatkan bukti empiris tentang pengaruh rasio kas, rasio utang terhadap ekuitas (DER), pengembalian aset (ROA), pertumbuhan aset dan ukuran perusahaan terhadap rasio pembayaran dividen (DPR)
The results indicated that: Cash Ratio and Asset Growth had a negative effect and not significantly on Dividend Payout Ratio (DPR), while the result analysis Debt to Equity Ratio (DER) and Firm Size had a positive effect and significantly on Dividend Payout Ratio (DPR), and Return on Asset had a positive effect and significantly on the Dividend Payout Ratio (DPR)
Tesis pada Program Studi Magister Manajemen Universitas Diponegoro www.idx.co.id, Diakses, 10 oktober 2016 www.sahamok.com, Diakses, 10 oktober 2016 www.kompas.com, Diakses, 22 september 2016

Summary

Kebijakan Deviden Kebijakan Deviden

Penarikan sampel dilakukan dengan metode Purpose Sampling yaitu pengambilan sampel berdasarkan tujuan atau kriteria tertentu antara lain : Perusahaan yang menerbitkan laporan keuangan lengkap selama periode 2010-2015, perusahaan yang merupakan perusahaan Industry Consumer Goods yang tercatat di Bursa Efek Indonesia (BEI), perusahaan yang memperoleh laba positif selama tahun pengamatan, perusahaan memiliki data Dividend Payout Ratio, Cash Ratio, Return On Assets, Debt To Equity Ratio, Assets Growth dan Firm Size. Pada tabel 1, menyajikan data hasil deskripsi statistik , nilai Dividend Payout Ratio (DPR) yang merupakan kebijakan dividen rata-rata sebesar 46,68, dan terjadi perbedaan antara minimum (10) dan maximum (883), dengan standar deviasi sebesar 158,42. Hasil deskripsi statistik nilai Debt to Equity Ratio (DER) ada perbedaan antara minimum (0,25) dan maximum (13,31) rata-rata sebesar 1,54, dengan standar deviasi sebesar 2,12. Hasil analisis regresi linier dapat dilihat pada tabel berikut : Tabel 2 Analisis Regresi

Nilai Sig

Sum of

DAFTAR PUSTAKA