PENGARUH KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN HUTANG, PROFITABILITAS DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN SEKTOR CONSUMER AND GOOD DI BEI PERIODE 2018-2020

2021 ◽  
Vol 10 (2) ◽  
pp. 176-189
Author(s):  
Gevin Raymond Sihombing ◽  
Harman Malau
Keyword(s):  
Representative Sample ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Descriptive Study ◽  
Independent Variables ◽  
Targeted Sampling ◽  
Important Policy ◽  
A Company ◽  
Debt Policy ◽  
Simultaneous Influence

Issuance of shares is one option in choosing a company in making decisions to finance a company. Arizki & et al. (2019) explains that the company's dividend policy is a very important policy because it involves investors who are a source of capital for the company. Therefore, researchers conduct research on constitutional ownership, debt policy, profitability and liquidity on dividend policy. This study uses the object of research on customer and good companies listed in the Indonesian Stock Exchange. This study uses a sample from 2018 to 2020. This study is a causal descriptive study. The method in this research is targeted sampling to get a representative sample. The company that is the research sample must meet several criteria, so that the sample taken is in accordance with the provisions of the researcher. Which this study resulted in a simultaneous influence between the independent variables on the dependent variableIssuance of shares is one option in choosing a company in making decisions to finance a company. Arizki & et al. (2019) explains that the company's dividend policy is a very important policy because it involves investors who are a source of capital for the company. Therefore, researchers conduct research on constitutional ownership, debt policy, profitability and liquidity on dividend policy. This study uses the object of research on customer and good companies listed in the Indonesian Stock Exchange. This study uses a sample from 2018 to 2020. This study is a causal descriptive study. The method in this research is targeted sampling to get a representative sample. The company that is the research sample must meet several criteria, so that the sample taken is in accordance with the provisions of the researcher. Which this study resulted in a simultaneous influence between the independent variables on the dependent variable

scholarly journals Faktor-faktor yang mempengaruhi nilai perusahaan pada perusahaan property dan real estate di bursa efek indonesia

2018 ◽  
Vol 23 (1) ◽  
Author(s):  
Amin Wijoyo
Keyword(s):  
Regression Analysis ◽  
Real Estate ◽  
Multiple Regression Analysis ◽  
Multiple Regression ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Company Value ◽  
Result Show ◽  
Debt Policy ◽  
Simultaneous Influence

The purpose of this study is to test and to analyze the association of asset structure, profitability, debt policy, dividend policy either partially or simultaneously, to compnay value of property and real estate firm that listed at Indonesian Stock Exchange in the period of 2014-2016. The method used is multiple regression analysis using SPSS 23. The result show that asset structure, profitability, debt policy, dividend policy have a simultaneous influence with company value. Meanwhile, partially only profitability have a influence with company value. Asset structure, debt policy, and dividend policy not have a influence with company value.

Analisis Implikasi Struktur Aset Perusahaan, Profitabilitas dan Dividend Policy Terhadap Debt Policy

2019 ◽  
Vol 10 (1) ◽  
pp. 28-48
Author(s):  
Rona Tumiur Mauli Carolin Simorangkir
Keyword(s):  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Result Show ◽  
Debt Policy ◽  
Method Analysis ◽  
Significant Point

This research aims to know the influence of Aset Structure, Profitability (ROA), Dividend Policy (DPR) on the debt policy of the firm. This research takes the population from manufacturing companies listed in Indonesia Stock Exchange in 2011-2015. While selected as the sample was 23 manufacturing company. Samples were selected through random sampling method. Analysis techniques in this study using the analysis of multiple linear regression. The research’s result show that either simultaneously, the variable of Aset Structure, Profitability (ROA), Dividend Policy (DPR) influence the debt policy of the firm. It has been proven from the result of (f) simoultant test show significant point of three independent variables that support the hipothesys

scholarly journals The Analysis of Factors Affecting Dividend Policy in Food and Beverage Sector Manufacturing Companies Listed in Indonesia Stock Exchange in 2015-2017

2020 ◽  
Vol 3 (2) ◽  
pp. 902-910
Author(s):  
Nia Angelia ◽  
Nagian Toni
Keyword(s):  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Manufacturing Companies ◽  
Factors Affecting ◽  
Independent Variables ◽  
Profit Allocation ◽  
Food And Beverage ◽  
Retained Earnings ◽  
A Company

Dividend policy is one of the policies in the company that must be considered and considered carefully. The dividend policy determines the amount of profit allocation that can be distributed to shareholders (dividends) and the profit allocation that a company can hold. The greater the retained earnings, the smaller the profits that will be distributed to shareholders. In the allocation of profits, various kinds of problems are encountered. Dividends are considered as a way to reduce the problems that arise between management and shareholders by giving the rights of shareholders. There are several factors that influence dividend policy, but researchers only examine three variables, namely liquidity, profitability and leverage. This study aims to examine the effect of variable liquidity, profitability and leverage on dividend policy both partially and simultaneously. The sample of this study is the food and beverage sector manufacturing companies listed on the Indonesia Stock Exchange in 2015-2017 with a total of 25 companies using a purposive sampling method obtained as many as 18 sample companies. The analytical method used is the classic assumption test and hypothesis testing and multiple linear analyses. The results showed that simultaneously all independent variables influence dividend policy. Profitability partially affects dividend policy while liquidity and leases partially do not affect dividend policy. The adjusted R square value of 0.382 indicates the dependent variable (Dividend Payout Ratio) can be explained by the independent variables (liquidity, profitability and leverage) of 38.2%.

scholarly journals Pengaruh Profitabilitas, Pertumbuhan Perusahaan, Kebijakan Hutang, dan Likuiditas Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur

2020 ◽  
Vol 7 (1) ◽  
pp. 80-87
Author(s):  
Mas Intan Purba ◽  
Juliana Lorent ◽  
Aditya Angga ◽  
Cynthia Cynthia ◽  
Juli Juli
Keyword(s):  
Ownership Structure ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Descriptive Study ◽  
Multiple Linear Regression Analysis ◽  
Manufacturing Companies ◽  
Quantitative Descriptive ◽  
Company Growth ◽  
Debt Policy

PAbstract - The purpose of this study is to examine and analyze the effect of Profitability, Company Growth, Debt Policy, and Liquidity towards Dividend Policy on manufacturing companies listed on the IDX in 2014-2017, both partially and simultaneously. This study's method is quantitative descriptive study.  These population are manufacturing companies listed on the Indonesia Stock Exchange in 2014-2017, amounting to 156 companies. The sample in this study are 43 companies selected with certain criteria.  The statistical method used was multiple linear regression analysis.  The results showed that profitability, company growth and debt policy significantly influence the dividend policy. Whereas Liquidity has no effect and insignificant on Dividend Policy.  And simultaneously Profitability, Company Growth, Debt Policy, and Liquidity have a significant effect on Dividend Policy. The magnitude of the determination coefficient of 0.161 means that only 16.1% of the Dividend Policy can be explained Profitability, Company Growth, Debt Policy, and Liquidity, while the remaining 83.9% was explained by other variables not examined in this study such as company size and ownership structure. The conclusion of this study is that partially only Profitability, Company Growth and Debt Policy, significantly influence towards Dividend Policy on manufacturing companies listed on the IDX in 2014-2017. Keywords: Company Growth, Debt Policy, and Liquidity towards Dividend Policy

Pengaruh Keputusan Investasi, Kebijakan Hutang Dan Kebijakan Dividen Terhadap Nilai Perusahaan

2019 ◽  
Vol 1 (1) ◽  
pp. 1
Author(s):  
Ivan Somantri ◽  
Hadi Ahmad Sukardi
Keyword(s):  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decisions ◽  
Sampling Technique ◽  
Mining Sector ◽  
Dividend Policies ◽  
Negative Effect ◽  
Debt Policy ◽  
Debt Policies

This study aims to determine how to influence simultaneously and partially investment decisions, debt policy and dividend policy on firm value in mining sector companies listed on the Indonesia Stock Exchange for the period 2013-2017. The research method used in this study is descriptive and associative methods. The population in this study were mining sector companies listed on the Indonesia Stock Exchange in the period 2013-2017, which amounted to 43 companies. The sampling technique used in this study is non probability sampling with purposive sampling method, so that the number of samples obtained is 8 companies. While the data analysis used in this study is panel data regression analysis with the fixed effect method. The results of the study show that partially investment decisions and debt policies have a positive effect on firm value. While dividend policy has a negative effect on firm value. In addition, the results of the study simultaneously show that investment decisions, debt policies and dividend policies affect the value of the company. The amount of investment decisions, debt policy and dividend policy in contributing influence to earnings management is 34.14%.

A Study Relationship between Firm Performance and Dividend Policy by Fuzzy Regression: Iranian scenario

2013 ◽  
Vol 3 (2) ◽  
pp. 70
Author(s):  
Seyed Hasan Salehnezhad
Keyword(s):  
Regression Analysis ◽  
Stock Returns ◽  
Dividend Policy ◽  
Functional Relationship ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Decision Makers ◽  
Fuzzy Regression ◽  
Independent Variables ◽  
Fuzzy Environment

Fuzzy regression analysis is an extension of the classical regression analysis that is used in evaluating the functional relationship between the dependent and independent variables in a fuzzy environment. Accounting dividend is the most important information used by decision makers in the economic analysis. This research investigated corporate governance and dividend policy in listed company's Tehran Stock exchange by fuzzy regression during 2010 and 2012. The results indicated that significant and positive relationship exists between financial performance (stock returns) and dividend policy and also there was a significant and negative relationship exists between economic performance (EVA) and dividend policy. Furthermore, a significant relationship exists between controlling variable (size) and dividend policy.

scholarly journals ANALISIS PENGARUH KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN, DAN PERTUMBUHAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN PEMBIAYAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

BISMA ◽  
2019 ◽  
Vol 13 (1) ◽  
pp. 43
Author(s):  
Febriani Florentin Sinaga
Keyword(s):  
Path Analysis ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Financial Data ◽  
Factors Affecting ◽  
Purposive Sampling ◽  
Company Value ◽  
Company Growth ◽  
Debt Policy

This study aims to analyze the effect of debt policy, dividend policy, and company growth on company value, with profitability as the intervening variable, in the finance companies listed on the Indonesia Stock Exchange (IDX). The population of this study was all finance companies listed on IDX for the period of 2015 and 2016. The purposive sampling method was used in this study with the sample consisted of 12 finance companies. Data used were financial data sourced from the website of IDX. Data were analyzed using path analysis with two equations, i.e., the factors affecting company value and the factors affecting company profitability. Results of the study showed that debt policy, dividend policy, company growth, and profitability have no significant effect on company value. This study also found that debt policy and company growth  have no significant effect on profitability, while dividend policy significantly affects profitability. Keywords : Debt policy, dividend policy, company growth, profitability

scholarly journals The Relation Between Institutional Ownerships, Debt Policy, Dividend Policy And Company Performance In Terms Of Clarifying Agency Conflict Mechanism : Case Study At Manufacturing Companies Listed At The Indonesian Stock Exchange

2018 ◽  
Vol 6 (07) ◽  
Author(s):  
Mateus Xavier Da Costa Cabral ◽  
Arsono Laksamana ◽  
Mudjilah Rahayu
Keyword(s):  
Significant Influence ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Reciprocal Relationship ◽  
Company Performance ◽  
Manufacturing Companies ◽  
Causality Test ◽  
Analysis Technique ◽  
Debt Policy

Companies that go public, in general, have been managed professionally that can be tailored to the consumers’ needs under applicable regulations. Management within a company's business entity involves an agency relationship. The purpose of this study is to examine: a) a reciprocal relationship between institutional ownership, debt policy, dividend policy and company performance of manufacturing companies of the Indonesian Stock Exchange, b) the influence of institutional ownership, debt policy, dividend policy on the company performance of the manufacturing companies of the Indonesian Stock Exchange. This type of research includes associative research with a quantitative approach. The samples of this research as many as 98 manufacturing companies listed at the Indonesian Stock Exchange of the period of 2006-2015 with the technique of determining purposive samplings. Data analysis technique used in this research is Granger Causality test. The results of this study are: a) there is no reciprocal relationship between institutional ownership and debt policy, b) there is no reciprocal relationship between institutional ownership with dividend policy, c) no reciprocal relationship between debt policy and dividend policy, d) there is no reciprocal relationship between institutional ownership and company performance; e) there is no reciprocal relationship between debt policy and company performance; f) there is no reciprocal relationship between dividend policy and company performance; g) institutional ownership has a positive and partially significant influence on company performance, h) debt policy has a positive and partially significant influence on company performance, and i) dividend policy has positive and partially significant influence to companies performance on manufacturing company listed at the Indonesian Stock Exchange

scholarly journals Ukuran Perusahaan Memoderasi Pengaruh Free Cash Flow dan Leverage Terhadap Kebijakan Dividen

2019 ◽  
pp. 484
Author(s):  
I Kadek Edi Rian Trisna ◽  
Gayatri Gayatri
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Cash Dividend ◽  
Optimal Dividend ◽  
Current Growth ◽  
Optimal Dividend Policy ◽  
A Company

Determining the optimal cash dividend policy a company should consider several factors. An optimal dividend policy is required because it can create a balance between dividends and current growth in the next period. The purpose of this study is to obtain empirical evidence on the effect of free cash flow and leverage on dividend policy and firm size capability in moderating the effect of free cash flow and leverage against dividend policy. Companies going public listed on the Indonesia Stock Exchange (BEI) year 2013-2017 is the location of research with purposive sampling as a method of determining the sample. Companies that meet the criteria are 10 companies with a total of 39 observations. Moderated Regression Analysis (MRA) was used to test in this research. The result showed that free cash flow had positive and leverage effect negatively on dividend policy. The study also found that firm size is able to strengthen the effect of free cash flow on dividend policy and weaken the influence of leverage on dividend policy. Keywords: dividend policy, free cash flow, leverage, company size..  

Kebijakan Pembagian Dividen Perusahaan BUMN Indonesia Periode 2011-2016

2018 ◽  
Vol 17 (1) ◽  
pp. 65
Author(s):  
Siti Nurainul Jannah
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Payout Policy ◽  
Company Size ◽  
Dividend Payout ◽  
Independent Variables ◽  
Asset Growth

The purpose of this study is to analyze the factors that influence the dividend payout policy on BUMN companies listed in Indonesia Stock Exchange period 2011-2016. The independent variables used in this research are profitability, liquidity, asset growth, and company size. The method used is the method of quantitative research and the object of research is a state-owned company listed on the Indonesia Stock Exchange. The data used in this study was secondary data in the form of financial statements obtained by data collection techniques using documentation method. The sample used in this research is twelve companies using purposive sampling method. The technique of data analysis using was multiple linear regression analysis using SPSS test tool. The results showed that all independent variables together positive effect on dividend policy. While the t-test results show that only Profitability variables that have a positive and significant influence toward the dividend payout policy. The independent variables liquidity, asset growth, and company size have a positive and insignificant effect on dividend policy. The dividend payout policy is one of the main concerns of the stakeholders. However, this study uses only four independent variables to analyze the factors that influence the dependent variable. The magnitude of influence of all independent variables in this study only 33% and the rest much influenced by other variables outside in this study. Keywords: dividend payout policy, profitability, liquidity, asset growth, company size

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