scholarly journals Pengaruh Profitabilitas dan Risiko Bisnis terhadap Dividend Payout Ratio melalui Likuiditas sebagai Variabel Moderasi

2020 ◽  
Vol 8 (4) ◽  
pp. 1301
Author(s):  
Nadya Fernanda Salsabilla ◽  
Yuyun Isbanah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Business Risk ◽  
Dividend Payout ◽  
Analysis Technique ◽  
Dividend Distribution ◽  
The Relationship ◽  
A Company ◽  
Positive Effect

Dividend policy is a decision in which a company to determine the level of profit to be retained and the level of profits distributed as dividends to shareholders. This research aims to analyze the influence of profitability and business risk on dividend payout ratio with liquidity as moderating variable in Property, Real Estate, and Building Construction sector companies that is listed on the Indonesia Stock Exchange for the 2015-2018 period. The type of this research is a quantitative research and uses secondary data from the annual report on IDX. The sample of this research is 18 companies chosen by purposive sampling method. The data analysis technique used is multiple linear regression and moderated regression analysis (MRA). The results show that profitability has a positive effect on the dividend payout ratio because companies can utilize assets optimally to increase profits. Business risk harms the dividend payout ratio because companies choose to strengthen the capital structure and develop the companies by utilizing profits and investments to reduce business risk. After all, debt cannot always be expected. Liquidity can moderate the relationship between profitability and business risk on dividend payout ratios because liquidity is a consideration to dividend distribution so that it can increase the number of dividends distributed.

scholarly journals Return on Asset dan Investment Opportunity Set dalam Memprediksi Dividend Payout Ratio Perusahaan Manufaktur Sektor Consumer Goods

2021 ◽  
Vol 4 (1) ◽  
pp. 13-22
Author(s):  
Moch Fathony
Keyword(s):  
Consumer Goods ◽  
Stock Exchange ◽  
Secondary Data ◽  
Return On Assets ◽  
Dividend Payout ◽  
Investment Opportunity Set ◽  
Investment Opportunities ◽  
Dividend Distribution ◽  
High Investment ◽  
A Company

Among factors that may be instrumental in affecting the dividend payout decision, this study aims to determine the effect of return on assets (ROA) and investment opportunities on dividend distribution in a company. Using secondary data from 10 Consumer Goods companies listed on the Stock Exchange in the period 2015 - 2019, the data were analyzed using panel regression using EVIEWS. This study found that ROA and investment opportunities can predict the Dividend Payout Ratio in the Consumer Goods Industry. The results suggest that the more profitable a company is, the more likely it is to pay high dividends. Also, high investment opportunities are good position increases a firm's ability to pay dividends.

scholarly journals The Effect of Profitability and Liquidity on Firm Value with Leverage as Moderating Variable in Companies That are Joined in LQ45 and Listed on the Indonesia Stock Exchange for the Period 2007-2019

2021 ◽  
Vol 8 (7) ◽  
pp. 344-352
Author(s):  
Regina Clara Febrinta Br Bukit ◽  
Iskandar Muda ◽  
Erwin Abubakar
Keyword(s):  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Analysis Technique ◽  
Dependent Variables ◽  
Negative Effect ◽  
The Relationship ◽  
Positive Effect

The research objective was to examine and analyze the effect of profitability and liquidity on firm value in companies corporated in LQ 45 and listed on the Indonesia Stock Exchange and test whether leverage can moderate the relationship between the independent and dependent variables. This research is causal research using secondary data. The population of this study is companies that are members of the LQ45 on the Indonesia Stock Exchange from 2007 to 2019. The method of determining the sample uses purposive sampling so that a sample of 10 companies is multiplied by 13 years of research to obtain 130 observations. The analysis technique used in this study uses multiple linear regression analysis and moderating tests with the R Studio tools. The results of this study simultaneously profitability and liquidity have a significant effect on firm value. The results partially profitability has a significant positive effect on firm value, liquidity has an insignificant negative effect on firm value. Meanwhile, for simultaneous moderating, the results show that leverage can moderate the relationship between profitability and liquidity simultaneously on firm value, and partially leverage cannot moderate the relationship between profitability and firm value. Leverage is not able to moderate the relationship between liquidity and firm value. Keywords: profitability, liquidity, leverage, firm value.

Kredit Bermasalah sebagai Pemoderasi Pengaruh Tingkat Penyaluran Kredit terhadap Profitabilitas

2020 ◽  
Vol 5 (1) ◽  
pp. 52
Author(s):  
Sukirno Sukirno
Keyword(s):  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Survey Methods ◽  
Analytical Tool ◽  
Significant Positive Effect ◽  
Purposive Sampling ◽  
The Relationship ◽  
Positive Effect

Abstract This study aims to empirically challenge the moderation of Non-Performing Loans to the effect of Credit Distribution Rates on Profitability. The population of 81 bank companies listed on the Indonesia Stock Exchange in the period 2014-2018 and which met the criteria of the research sample (purposive sampling) were 22 companies. The research method uses survey methods with quantitative research approaches, the analytical tool used is moderation regression. This study concludes that the level of credit distribution has a significant positive effect on profitability and the existence of the problem loan variable is proven to be a moderating variable that weakens the relationship between the level of credit distribution and profitability.    

The Effect of Bankruptcy Possibility on Audit Delay and Timeliness (Empirical Study on Manufacturing Companies Listed in Indonesian Stock Exchange in the Period of 2012-2016)

2019 ◽  
Vol 2 (2) ◽  
pp. 118-146
Author(s):  
Triana Meinarsih ◽  
Abdul Yusuf ◽  
Muhammad Zilal Hamzah
Keyword(s):  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Z Score ◽  
Quality Of Accounting Information ◽  
Independent Variable ◽  
A Company

Audit delay and timeliness are important factors that influence the quality of accounting information in term of relevance. This study provides empirical evidence to answer the question of how bankruptcy possibility impacts on audit delay and timeliness.  This research studies manufacturing firms listed in Indonesian Stock Exchange (IDX) in the period of 2012-2016. Data are taken from official website of IDX. This study is a quantitative research that seek to find out relationship between independent variable and dependent variable. External secondary data used are annual reports accessed from IDX website. Measurement used is Z-Score Altman model prediction, while simple linear regression is employed as technical analysis. This study finds that bankruptcy possibility which is measured by ZScore is negatively influence audit delay and timeliness. Any decrease of Z-Score shows the possibility of a company experience bankruptcy and therefore causes audit delay and timeliness.

scholarly journals PENGARUH PENERBITAN SUKUK TERHADAP REAKSI PASAR (SURVEY TERHADAP PERUSAHAAN-PERUSAHAAN YANG MENERBITKAN OBLIGASI SYARIAH YANG TERDAFTAR DIBURSA EFEK INDONESIA SELAMA TAHUN 2015)

2019 ◽  
Vol 4 (3) ◽  
pp. 496-503
Author(s):  
Mulya Iskandar ◽  
Ridwan Ridwan
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Cumulative Abnormal Return ◽  
Market Reactions ◽  
Independent Variables ◽  
The Relationship

This study aims to determine how the influence of a sukuk instrument issuance on market reactions listed on the Indonesia Stock Exchange (IDX) during 2015. The research method used in this study is quantitative research. Quantitative research contains a relationship between cause and effect. The type of data used is secondary data, data collection used by the author is to know the relationship between two or more variables. The object to be examined in this study is the total value and rating of the issuance of Islamic bonds (sukuk) companies as independent variables and cumulative abnormal return shares of companies that issue Islamic bonds (sukuk) listed on the Indonesia Stock Exchange in 2015. The results of this study indicate the value of sukuk bond issuance and sukuk bond issuance ratings jointly affect stock returns. The value of issuing sukuk bonds partially affects stock returns and the rating of bond issuance has an effect on return.

scholarly journals The Lagged Effect of Advertising Expenditures on the Financial Measures of Brand Equity in the Egyptian Context

2021 ◽  
Vol 04 (09) ◽  
Author(s):  
Nermin M. Gohar
Keyword(s):  
Brand Equity ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Financial Reports ◽  
Financial Measures ◽  
The Impact ◽  
Corporate Brands ◽  
The Relationship ◽  
Egyptian Stock Exchange

This research intends to fill the gap in the literature by studying the impact of lagged real advertising expenditures on different perspectives of brand equity in the Egyptian context, which are: Firm-based and Market-based brand equity. The research follows the quantitative research-based approach, with the descriptive explanatory method. Secondary data was collected from firms’ financial reports of sixteen sectors for the period 2013 - 2020 to consider the effect of real advertising expenditures on firm-based and market-based brand equity models. Data was collected from 168 listed companies in the Egyptian stock exchange market, after deleting the financial institutions. The unit of analysis was the corporate brands and data collected was panel data analyzed using Eviews program – version 10, using GLS regression. Results showed that market risk significantly moderates the relationship between advertising expenditures and Firm-based and Market-based brand equity.

scholarly journals IMPACT OF DIVIDEND PAYOUT ON FIRM’S PERFORMANCE UNDER LOW GROWTH OPPORTUNITIES

2021 ◽  
Vol 9 (3) ◽  
pp. 1156-1165
Author(s):  
Taymoor Ali ◽  
Muhammad Kashif Khurshid ◽  
Adnan Ali Chaudhary
Keyword(s):  
Stock Exchange ◽  
Manufacturing Sector ◽  
Secondary Data ◽  
Financial Statements ◽  
Manufacturing Firms ◽  
Growth Opportunities ◽  
Dividend Payout ◽  
Relationship Of ◽  
The Relationship

Purpose of the study: The objective of the study was to investigate the relationship of the dividend payout on a firm's performance under low growth opportunities from the manufacturing sector of Pakistan. Methodology: A sample of 251 firms out of 378 manufacturing firms listed at the Pakistan Stock Exchange (PSX), have been carefully chosen for the era of ten years from 2006 to 2015. The secondary data was obtained from the firm’s web financials and analysis of financial statements, published by the statistics department of the State Bank of Pakistan. For the persistence of investigation panel data (fixed effect) analyses were employed in this study. Main Findings: The fallouts of the analysis revealed that the dividend payout ratio has an insignificant relationship with the firm's performance in the low growth perspectives of the study. Applications of this study: The findings of the study are helpful for the financial managers of the firms facing low growth opportunities. Furthermore, the investors in capital markets can use the findings of this while investing. The originality of this study: The study focussed on the role of low growth opportunities while studying the nexus of dividend pay-out and the firm’s financial performance which inherits the novelty and originality of the study.

scholarly journals Pengaruh Rasio Profitabilitas, Rasio Likuiditas, Pertumbuhan Perusahaan Terhadap Opini Audit Going Concern

2021 ◽  
Vol 13 (2) ◽  
pp. 283-299
Author(s):  
Kimberli Kimberli ◽  
Budi Kurniawan
Keyword(s):  
Stock Exchange ◽  
Secondary Data ◽  
Financial Statements ◽  
Audit Opinion ◽  
Going Concern ◽  
Analysis Technique ◽  
Going Concern Opinion ◽  
Company Growth ◽  
The Relationship ◽  
Profitability Ratios

Abstract The problems that will be discussed in this journal are regarding the relationship between Profitability Ratios, Liquidity Ratios and Company Growth on Audit Delay. The research method used in this study uses secondary data. The population in this study is all Real Estate companies and the Property sub-sector registered on the BEI which are listed on the Indonesia Stock Exchange in 2017, 2018, 2019 and 2020. The sampling method in this study is purposive sampling. The criteria for companies that are sampled are companies that publish audited financial statements for four consecutive years and use the rupiah currency, so that the total number of samples in this study is 165 data. The independent variables in this study are Profitability Ratios, Liquidity Ratios and Company Growth. The dependent variable in this study is audit delay. The data analysis technique used is the Logistics Regression Test with the use of Software Eviews 10. The results of the analysis show that profitability has no significant effect on going concern audit opinion. Meanwhile, company growth and liquidity have no effect on going concern audit opinion. Keywords: Going Concern Opinion, Profitability, Liquidity, and Company Growth

scholarly journals Tolak Ukur Kebijakan Pembagian Dividen pada Perusahaan Go-Public

2019 ◽  
Vol 9 (2) ◽  
pp. 119-127
Author(s):  
Rendra Wirawan
Keyword(s):  
Quantitative Research ◽  
Secondary Data ◽  
General Meeting ◽  
Basic Principles ◽  
Public Companies ◽  
Dividend Payout ◽  
Net Profit ◽  
Dividend Distribution ◽  
Total Profit ◽  
Scientific Meetings

Dividends are profit rights granted to shareholders sourced from the ability of the issuer to make a net profit from operating activities. Dividends are usually distributed at the end of the accounting year which is decided from the results of the GMS (General Meeting of Shareholders). The ratio of the dividend payout rate is called the DPR (dividend payout ratio). This ratio shows the percentage of profits paid by companies in the form of dividends with the total profit available to shareholders. The purpose of this research is to find out and analyze the company's benchmarks in determining dividend distribution policy on companies going public. There are several ratios that can influence companies in determining dividend distribution policies. The ratio is the ratio of profitability which is proxied by the value of ROA, leverage is proxied by the value of Current Ratio and the value of the company which is proxied by the value of PER (Price Earning Ratio). This research is a type of quantitative research using secondary data that is the financial statements of go-public companies in banking companies in 2015-2017. Targeted outputs are international journals, proceedings in local scientific meetings and IPR. TKT is at level 2: the basic assumptions and laws that will be used in technology reaches 80%, the study of literature on the basic principles of technology reaches 80% and the formulation of research hypotheses reaches 80%.

scholarly journals Determinants of Dividend Payout Ratio: Evidence from Indian Companies

2015 ◽  
Vol 5 (2) ◽  
pp. 217 ◽  
Author(s):  
Nishant B. Labhane ◽  
Ramesh Chandra Das
Keyword(s):  
Cash Flow ◽  
Manufacturing Industry ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Entire Period ◽  
Business Risk ◽  
Dividend Payout ◽  
Tax Rate ◽  
Dividend Distribution ◽  
High Investment

<p class="ber"><span lang="EN-GB">The present study analyzes the trend and determinants of dividend payout ratio of National Stock Exchange (NSE) listed companies in India. The study is based on 239 companies, which have continuous data during the period 1994-95 to 2012-13. From the trend analysis we find that the number of dividend paying companies has declined but the average dividend paid by them has increased manifold over the last two decades which suggests that the dividend paying companies have paid higher amounts of dividends in the later years. The dividend payout ratio varies across all the industries with the electricity industry having the lowest payout ratio and the miscellaneous manufacturing industry having the highest payout ratio. The empirical results suggest that firms with high free cash flow, firms which are larger, more profitable and mature, pay more dividends while riskier, more leveraged and firms with high investment opportunities tend to pay lower dividends. The dividend distribution tax rate imposed by government affects the dividend payout ratio positively. The market-to-book ratio, debt-to-equity ratio, free cash flow, business risk, age, size, profitability and dividend distribution tax variables are significant for the entire period of study. Whereas, the business risk, profitability and dividend distribution tax variables are significant for the entire period of study i.e. 1995-2013 as well as for the two sub-periods 1995-2003 and 2004-2013. Overall, the results are consistent with the pecking order, transaction cost, signaling and firm life cycle theory of dividend policy and we find a little evidence for agency costs theory.</span></p>

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