KEBIJAKAN DIVIDEN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

ABSTRAK Penelitian ini bertujuan untuk menentukan dan menganalisa pengaruh profitabilitas, leverage, ukuran perusahaan, pertumbuhan dan likuiditas terhadap kebijakan dividen pada perusahaan manufaktur yang terdaftar di bursa Efek Indonesia dalam tahun amatan 2013-2017. Populasi penelitian adalah semua perusahaan manufaktur yang terdaftar di BEI, dengan sampel yang diperoleh 37 perusahaan yang sesuai dengan kriteria yang ditetapkan. Data tersebut dianalisa dengan menggunakan pengujian asumsi klasik dan analisa berganda dengan menggunakan SPSS 25. Simpulan dari peneliian ini menyatakan bahwa profitabilitas berpengaruh signifikan terhadap kebijakan dividen, Pertumbuhan berpengaruh negatif signifikan terhadap kebijakan dividen. Sementara itu, leverage tidak berpengaruh negatif signifikan, ukuran perusahaan dan likuiditas tidak berpengaruh positif signifikan terhadap kebijakan dividen.Kata kunci: kebijakan dividen, profitabilitas, pertumbuhan, teori sinyal ABSTRACT This study aims to determine and analyze the effect of Profitability, Leverage, firm size, growth and liquidity on Dividend Payout Ratio, in manufacturer companies listed on the Indonesia Stock Exchange (IDX) for the period 2013-2017. The population in this study were all manufacturer companies listed on the Indonesia Stock Exchange (IDX), while the samples that met the criteria for sampling for this study amounted to 37 companies. Analysis of sample data for this study is the Analysis of Multiple Linear Regression, Classical Assumption Test, Hypothesis Test, and Determinant Coefficient using SPSS 25 measuring instruments. The results showed that profitability show a positif significant on the Dividend Payout Ratio, Growth show negative significant on the Payout Ratio Dividend. However, leverage did not show negative significant, size and liquidity did not show positive significant on Dividend Payout Ratio.Keywords: dividend policy, growth, profitability, signaling theory

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THE EFFECT OF FIRM SIZE AND LEVERAGE ON VALUE OF THE FIRM (EMPIRICAL STUDY ON BUMN LISTED IN INDONESIAN STOCK EXCHANGE 2012 - 2017)

10.31227/osf.io/txe2m ◽

2019 ◽

Author(s):

novi yanti

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Firm Size ◽

Firm Value ◽

Stock Exchange ◽

Hypothesis Test ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Coefficient Of Determination

This study aims to determine affect of size and leverage on firm value of BUMN companies listed on the Stock Exchange in 2012-2017 either partially or simultaneously. The population in this study are all of BUMN companies listed on the Stock Exchange from 2012-2017, which amounted to 20 companies. The sample is in the form of selected BUMN company financial statements with certain criteria from 2012-2017. The analytical method used is multiple linear regression analysis and coefficient of determination. Hypothesis testing uses t test and F test. The results of multiple linear regression analysis indicate that firm size has a negative effect on firm value. Leverage has a positive effect on firm value. The results of the partial hypothesis test indicate that size has a significant effect on firm value while leverage does not have a significant effect on firm value. Simultaneously size and leverage have a significant effect on firm value. The contribution of size and leverage to company value is 43.8% and the remaining 56.2% is influenced by other variables.

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ANALISIS PENGARUH INVESTMENT OPPORTUNITY SET, FREE CASH FLOW, RETURN ON ASSET, FIRM SIZE, DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO (Studi pada Perusahaan Sektor Keuangan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012-2016)

Magisma: Jurnal Ilmiah Ekonomi dan Bisnis ◽

10.35829/magisma.v6i1.21 ◽

2019 ◽

Vol 6 (1) ◽

pp. 79-93

Author(s):

Rara Ayu Ratnasari

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Cash Flow ◽

Firm Size ◽

Stock Exchange ◽

Free Cash Flow ◽

Investment Opportunity ◽

Dividend Payout ◽

Investment Opportunity Set ◽

Equity Ratio

This research was conducted to examine the effect of Investment Opportunity Set, Free Cash Flow, Return On Asset, Firm Size, Debt To Equity Ratio to Dividend Payout Ratio in Financial Sector Companies listed in Indonesia Stock Exchange (IDX) Period 2012-2016. Sampling technique was taken by purposive sampling method. The data were obtained based on the publication of Indonesian Capital Market Directory (ICMD 2017). Obtained a number of samples of 34 companies from 91 companies of the financial sector listed on the Indonesia Stock Exchange 2012-2016. The analysistechnique used is multiple linear regression with the least squares equation and the classical assumption test. Hypothesis test was using f-statistic to test the influence between variables simultaneously and t-statistic to test the partial regression coefficient with 5% confidence level. The results showed that the research data is normally distributed and there is no deviation of classical assumption, it means that the available data have been qualified to use multiple linear regression equation model. Simultaneous analysis result shows that IOS, FCF, ROA, SIZE and DER have an effect on DPR. Partial analysis result show that ROA have a significant positive effect, DER have negative significant effect because the value of significance both < 0,05 whereas IOS, FCF and SIZE have no effect against DPR.

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PENGARUH PROFITABILITAS, LEVERAGE DAN UKURAN PERUSAHAAN TERHADAP LAMA WAKTU LAPORAN AUDIT

Equity ◽

10.34209/.v19i1.477 ◽

2016 ◽

Vol 19 (1) ◽

pp. 68

Author(s):

Syifa Tamara Putri ◽

Samin Samin

Keyword(s):

Linear Regression ◽

Real Estate ◽

Multiple Linear Regression ◽

Firm Size ◽

Sampling Method ◽

Stock Exchange ◽

Z Score ◽

Audit Report ◽

Significance Level ◽

Outlier Test

This study aims to test and provide empirical the effect of profitability, leverage and firm size of the audit report lag. The population in this study is a sub company property and real estate sectors listed on the Indonesia Stock Exchange 2012-2014. Sample of 34 companies was selected by purposive sampling method. The data used in this study as much as 102 samples. This study uses several stage of calculation, using outlier test that is by converting the data into a standardized score or so-called z-score. After going through the process of outlier samples were chosen in this study to 93 samples. Analysis of the data using multiple linear regression with a significance level of 5% and determine the hypothesis used t test and f test. The results test showing that profitability, leverage and firm size are simultaneous positive and significant effect on audit report lag. The results test this study indicate that profitability has significance on audit report lag are partial. Meanwhile leverage and firm size has no significance on audit report lag

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FAKTOR INKONSISTENSI PERUSAHAAN DALAM PEMBAYARAN DIVIDEN

Jurnal Benefita ◽

10.22216/jbe.v2i3.2108 ◽

2017 ◽

Vol 2 (3) ◽

pp. 267

Author(s):

Alfatur Devaki

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Stock Exchange ◽

Current Ratio ◽

Dividend Payout ◽

Return On Equity ◽

Equity Ratio

<p>During the period 2012-2015 found 46 companies listed in LQ 45 did not consistently pay dividends to shareholders. This is a problem because consitent or stable dividend payouts are very important for investors as an evaluation of owner’s equity. This study aims to determine factors which affect the companies inconsistency in dividend payouts by testing profitability factor which is measured by return on equity, leverage factor which is measured by debt to equity ratio, and liquidity factor which is measured by current ratio on companies listed in LQ 45 in Indonesia Stock Exchange 2012-2015. The population of this research was all of companies listed in LQ 45 in Indonesia Stock Exchange, and the sampel consisted of thirty companies. The analysis was conducted by using multiple linear regression. The results indicated that simultaneously the return on equity, debt to equity ratio, and current ratio affected on dividend payout ratio. While partially the return on equity affected positively on dividend payout ratio, the debt to equity ratio affected negatively on dividend payout ratio, and current ratio did not affect on dividend payout ratio.</p><p>Selama periode 2012-2015 ditemukan 46 perusahaan yang terdaftar dalam Indeks LQ 45 tidak konsisten membayarkan dividen kepada pemegang saham. Hal ini menjadi masalah karena pembayaran dividen yang dilakukan secara konsisten atau stabil sangat penting bagi investor sebagai evaluasi terhadap ekuitas pemilik. Penelitian ini bertujuan untuk menentukan faktor-faktor yang mempengaruhi inkonsistensi perusahaan dalam pembayaran dividen yaitu dengan menguji faktor profitabilitas yang diukur dengan returnon equity, faktor leverage yang diukur dengan debt to equity ratio, dan faktor likuiditas yang diukur dengan current ratio pada perusahaan LQ 45 di Bursa Efek Indonesia periode tahun 2012-2015. Populasi dari penelitian ini adalah seluruh perusahaan LQ 45 di Bursa Efek Indonesia, dan sampel terdiri dari 30 perusahaan. Pengujian dilakukan dengan menggunakan metode analisis regresi linier berganda. Hasil peneltian menunjukkan bahwa return on equity, debt to equity ratio, dan current ratio berpengaruh secara simultan terhadap dividend payout ratio. Sedangkan secara parsial,return on equitydan debt to equity ratio berpengaruh terhadap dividend payout ratio, namun current ratio tidak berpengaruh terhadap dividend payout ratio</p>

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DETERMINAN PENGUNGKAPAN MODAL INTELEKTUAL DAN DAMPAKNYA TERHADAP NILAI PERUSAHAAN

Jurnal Riset Akuntansi Aksioma ◽

10.29303/aksioma.v15i2.7 ◽

2017 ◽

Vol 15 (2) ◽

pp. 53

Author(s):

N Nurabiah ◽

Lukman Effendy ◽

Zuhrotul Isnaini

Keyword(s):

Linear Regression ◽

Multiple Linear Regression ◽

Firm Size ◽

Significant Influence ◽

Intellectual Capital ◽

Capital Market ◽

Stock Exchange ◽

Firm Age ◽

Total Observation ◽

Age Independent

The objective of this study is to examine the influence of firm size, leverage, firm age, independent commissioners, and type of industry toward influence of intellectual capital disclosure. The study also aimed to examine the intellectual capital disclosure toward the firm’s value. The sample of this study is consisted of companies listed in the Kompas 100 index during the period of 2013- 2015, so that this study obtained a total observation of 156 units. This research was conducted based on documentation, while data is acquired through the Indonesian Capital Market Directory (ICMD) and Indonesia Stock Exchange (IDX) Fact. Data were analyzed based on multiple linear regression, t-test and F-test. The results of the analysis in this study indicate that the leverage, independent commissioners, and type of industry have significant influence on the intellectual capital disclosure while firm size and firm age does not have significant influence on the intellectual capital disclosure. The results also showed that the intellectual capital disclosure has no significant influence on the firm’s value. Keywords: firm size, leverage, firm age, independent commissioners, type of industry, intellectual capital disclosure, firms value

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PENGARUH KEPEMILIKAN MANAJERIAL DAN EARNING PER SHARE TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR YANG LISTING DI BURSA EFEK INDONESIA

Mega Aktiva Jurnal Ekonomi dan Manajemen ◽

10.32833/majem.v5i1.62 ◽

2018 ◽

Vol 5 (1) ◽

pp. 1

Author(s):

Muhammad Yusuf ◽

Wa Ode Siti Rahmawati

Keyword(s):

Linear Regression ◽

Hypothesis Testing ◽

Multiple Linear Regression ◽

Stock Exchange ◽

Dividend Payout ◽

Insider Ownership ◽

Simultaneous Test ◽

Analysis Of Technique ◽

Manufacture Company

This research is performed to examine the influence of Insider Ownership and Earning Per Share toward Dividend Payout Ratio in Manufacture Company that is listing in Indonesian Stock Exchange over period 2007 – 2010. The population of this research as much 9 company. Technique as used in interpretation of sample is census method (saturation sample). The analysis of technique as used is multiple linear regression and hypothesis testing by use of F (simultaneous) test and t (partial) test. The conclusion in this research indicate that simultanously of Insider Ownership and Earning Per Share is significant influential toward Dividend Payout Ratio. Partially of Insider Ownership variable is significant and positive influential toward Dividend Payout Ratio. And the partially of Earning Per Share variable is significant and negative influential toward Dividend Payout Ratio.

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BIOLOGICAL ASSET: WHAT IS THE IMPACT ON AGRICULTURAL COMPANIES?

JURNAL AKUNTANSI DAN PAJAK ◽

10.29040/jap.v22i1.2592 ◽

2021 ◽

Vol 22 (1) ◽

Author(s):

Maulida Dwi Kartikasari ◽

Dien Noviany Rahmatika ◽

Sumarno Sumarno

Keyword(s):

Regression Analysis ◽

Linear Regression ◽

Multiple Linear Regression ◽

Firm Size ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sample Selection ◽

Multiple Linear Regression Analysis ◽

Analysis Technique ◽

The Impact

This study aims to determine the effect of managerial stock, biological asset intensity and firm size on the disclosure of biological assets in agricultural companies listed on the Indonesian stock exchange in 2016-2019. Population in this study were primary consumer goods sector companies in agricultural companies listed on the Indonesia Stock Exchange. Based on sample selection, there are 52 companies that required The data analysis technique used in this research was the multiple linear regression analysis.. Based on the multiple linear regression analysis, the results show biological asset intensity have a significance below 0.05, namely 0.006. This shows that biological asset intensity have a significant positive effect on biologiocal asset disclosure. However, the firm size and managerial ownership variables have a significance value above 5%. This means that the two variables do not have a significant effect on biological asset disclosure in agricultural companies listed on the Indonesia Stock Exchange in 2016-2019.

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Pengaruh Kualitas Audit, Ukuran Perusahaan Dan Leverage Terhadap Manajemen Laba Pada Perusahaan Perbankan Yang Tercatat Di Bursa Efek Indonesia Tahun 2016-2018

Jurnal Mahasiswa Manajemen ◽

10.30587/mahasiswamanajemen.v1i01.1237 ◽

2020 ◽

Vol 1 (01) ◽

pp. 56

Author(s):

Rodhiya Maulidah ◽

Rahmat Agus Santoso

Keyword(s):

Linear Regression ◽

Earnings Management ◽

Multiple Linear Regression ◽

Firm Size ◽

Management Practices ◽

Audit Quality ◽

Stock Exchange ◽

Financial Statements ◽

Company Size ◽

Earnings Information

The existence of earnings information that is needed in the financial statements can be targeted by parties who are not responsible for carrying out earnings management practices. There are several factors that can present earnings management practices, namely audit quality, company size and leverage. This study discusses the evaluation of quality, company size and leverage on earnings management in banking companies listed on the Indonesia Stock Exchange in 2016-2018. By using 117 samples of annual financial statements or financial statements of companies listed on the Indonesia Stock Exchange. Tests carried out using multiple linear regression. Regression results indicate the results of quality audits and firm size significantly influence earnings management. Meanwhile, leverage is not significant to earnings management. It is expected that the results of this study can add insight for users of financial statements to pay attention to audit quality and company size to avoid earnings management practices.

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KEBIJAKAN PEMBAYARAN DIVIDEN BERDASARKAN EPS, LEVERAGE DAN SIZE

Jurnal Kajian Akuntansi dan Auditing ◽

10.37301/jkaa.v0i0.5381 ◽

2013 ◽

Author(s):

Yuhelmi Yuhelmi

Keyword(s):

Firm Size ◽

Capital Market ◽

Stock Exchange ◽

Secondary Data ◽

Test Method ◽

Test Results ◽

Dividend Payout ◽

Significant Difference ◽

Sample Data ◽

The Difference

This study aims to determine the difference in value Dividend Payout Ratio is based on EPS, leverage and firm size at the company listed in Indonesia Stock Exchange. The population is the company paying the dividends consistently over the period 2007-2009 and all taken as sample. Data used in this study is secondary data obtained from the Indonesian Capital Market of Directory (ICMD). Data processing is done by using the Kruskal-Wallis H test method because the data are not normally distributed. Based on the test results found a significant difference between the Dividend Payout Ratio companies that have high EPS with low EPS. Companies that have high EPS paying high dividend payout ratio than companies that have low EPS. The results also found no significant difference between the payment of Dividend Payout Ratio companies that have high leverage with companies that have low leverage, so also there is no difference between large-sized companies with a smaller company.

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