scholarly journals PENGARUH FREE CASH FLOW, LIKUIDITAS DAN KEPEMILIKAN ASING TERHADAP KEBIJAKAN HUTANG PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 3 (1) ◽  
pp. 20-35
Author(s):  
Oktariyani Oktariyani ◽  
Afriyanti Hasanah
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Control Variable ◽  
Multiple Linear Regression Analysis ◽  
Foreign Ownership ◽  
Free Cash Flow ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Debt Policy

This study aims to determine the effect of free cash flow, liquidity and foreign ownership on debt policies in companies listed on the Indonesia Stock Exchange. The samples used in this study are basic and chemical sector companies listed on the Indonesia Stock Exchange for the 2012-2016 period. The independent variables in this study are free cash flow, liquidity and foreign ownership. The control variable in this study is asset structure. The research method uses a quantitative approach with multiple linear regression analysis techniques. The result of this study is that liquidity affects debt policy because the higher the level of liquidity of the company, the greater the company's ability to pay debts. Foreign ownership affects debt policy because foreign ownership can improve the performance and supervision of managers in the company, especially in determining funding decisions including debt policy, while free cash flow has no effect on debt policy, this is because companies tend to prioritize the use of free cash flow funds for investment and operational needs of the company. This research can be used as a reference for companies in determining funding decisions through debt policy so that the funding decisions taken are more effective.

scholarly journals Pengaruh Free Cash Flow dan Pertumbuhan Perusahaan Terhadap Kebijakan Utang Pada Perusahaan Sektor Manufaktur yang Terdaftar di Bursa Efek Indonesia Kategori LQ 45 Tahun 2013 – 2017

2020 ◽  
Vol 1 (1) ◽  
pp. 43-54
Author(s):  
Nur Fadilla ◽  
Fika Aryani
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Statistical Tests ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Coefficient Of Determination ◽  
Significance Level ◽  
Debt Policy

This study aimed to analyze the effect of the Free Cash Flow and Company Growth on Debt Policy. This study was classified quantitative research. The population in this study were manufacturing sector companies listed on the Indonesia Stock Exchange in LQ 45 category 2013 - 2017. The sampling technique was saturated sampling with a population of 9 companies and 40 samples. The analysis used was descriptive statistics, statistical tests and multiple linear regression analysis to see the coefficient of determination, the statistical F value and the statistical t value used in the hypotheses test. The results of this study showed that free cash flow has a partially positive and significant effect on debt policy, with a significance level of 0.004 < 0.05. The company's growth has no effect on debt policy with a significance level of 0.125 > 0.05. The two variables Simultaneously affect debt policy. This was based on the value of F count 5.642 > F table 3.25 with a significance level of 0.007 < 0.05. Predictive ability of the two variables on debt policy is 19.2% while the remaining 80.8% is affected by other factors not included in the research model.

scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, FREE CASH FLOW DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN HUTANG (Perusahaan Manufaktur Sektor Industri Kertas yang Terdaftar di BEI)

2020 ◽  
Vol 6 (2) ◽  
Author(s):  
Nurul Puspitasari ◽  
Abdul Halim ◽  
Rita Indah Mustikowati
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Managerial Ownership ◽  
Company Size ◽  
Debt Policy

This study aims to examine and explain the effect of managerial ownership, institutional ownership, free cash flow, and company size on debt policy in the paper manufacturing sector companies listed on the Indonesia Stock Exchange in 2010-2015. The type of research used is explanatory research, by testing classic assumptions, and analyzed using multiple linear regression analysis and using the t test for partial testing. The number of samples in this study amounted to 5 companies, and the sampling technique used purposive judgment sampling. This research variable consists of managerial ownership, institutional ownership, free cash flow, company size as an independent variable and debt policy as the dependent variable. The results showed that managerial ownership, free cash flow and company size influence debt policy. While institutional ownership has no effect on debt policy.

scholarly journals ANALISIS PENGARUH LIKUIDITAS, STRUKTUR AKTIVA, FREE CASH FLOW, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN UTANG (DER) PADA PT JASA MARGA Tbk PERIODE 2009-2018

KEUNIS ◽  
2019 ◽  
Vol 7 (2) ◽  
pp. 92
Author(s):  
Anita Kristina ◽  
Prihatiningsih Prihatiningsih ◽  
Ida Savitri Kusmargiani
Keyword(s):  
Linear Regression ◽  
Multiple Linear Regression ◽  
Cash Flow ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Model ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Company Size ◽  
Analysis Model ◽  
Debt Policy

<em>This research is based on the problems of the company PT Jasa Marga Tbk which has a problem with the performance of the company which is indicated by the DER of companie increased during the period 2009-2018. The purpose of this research is to analyze the influance of direction and significance of Liquidity, Asset Structure, Free Cash Flow and Company Size on Debt Policy (DER) in PT Jasa Marga Tbk for the period 2009-2018. The population and sample in this study were PT Jasa Marga Tbk. The analysis model used in this study is a multiple linear regression model. The results of the multiple linear regression analysis showed that (1) the influance of Liquidity (CR) on Debt Policy (DER) was positive and significant (2) the influance Asset Structure on Debt Policy (DER) was negative and not significant (3) the influance of Free Cash Flow on Debt Policy (DER) is positive and significant (4) the influance of Company Size on Debt Policy (DER) is positive and significant.</em>

Analysis the Effect of Financial Distress, Leverage and Free Cash Flow on Earnings Management

2021 ◽  
Vol 6 (3) ◽  
pp. 111-119
Author(s):  
Rifka Aulia Inayah ◽  
Amiruddin Amiruddin ◽  
Grace T. Pontoh
Keyword(s):  
Earnings Management ◽  
Cash Flow ◽  
Financial Distress ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Total Sample ◽  
Multiple Linear Regression Analysis ◽  
Jel Classification ◽  
Free Cash Flow ◽  
Company Value

Objective - This study aims to determine and analyze the effect of financial distress, leverage, free cash flow on earnings management. Methodology/Technique – The object of this research is all companies listed on the Indonesia Stock Exchange with an observation period of 2019. The sample determination uses the purposive sampling method and a total sample of 124 companies is obtained. The analysis technique used is multiple linear regression analysis. Findings - The results show that financial distress has no significant effect on earnings management. Leverage and free cash flow have a negative and significant effect on earnings management. Novelty - This research contributes to signalling theory, which is used by company managers who have better information about their company will be encouraged to convey this information to potential investors where this is intended so that companies can increase company value by sending signals through financial statements of companies listed on the IDX. Type of Paper: Empirical. JEL Classification: G32, M21, M41, M42. Keywords: Financial Distress; Leverage; Free Cash Flow and earnings Management

Pengaruh Free Cash Flow, Operating Cash Flow, dan Dividend Payout Ratio Terhadap Nilai Perusahaan

2018 ◽  
Vol 10 (1) ◽  
pp. 52-65
Author(s):  
Suwaldiman Suwaldiman
Keyword(s):  
Cash Flow ◽  
Firm Value ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Operating Cash Flow ◽  
The Impact

            This research examines the impact of free cash flow, operating cash flow, and dividend payout ratio on the firm value which is represented by stock return.             This research employees a multiple linear regression analysis to test the hypothesis. Samples used in this research are 159 manufacturing companies registered in Indonesia Stock Exchange for the period of 2013, 2014, and 2015.             This research reveals that free cash flow and operating cash flow have no significant impact on the firm value. Those variables seem having no important contents in the point of view of investors. Therefore they do not response to the information. However, this research proves that dividend payout ratio have significant impact on the firm value. It can be concluded that dividend payout ratio is more important than those of free cash flow and operating cash flow. Investors will positively response to the dividend information and it will significantly increase the firm value.

scholarly journals THE INFLUENCE OF DIVIDEND PAYOUT RATIO AND FREE CASH FLOW TO DEBT TO EQUITY RATIO

2017 ◽  
Vol 8 (1) ◽  
pp. 23
Author(s):  
Yurizki Wida Hapsari ◽  
Isharijadi Isharijadi ◽  
Purweni Widhianningrum
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Analytical Technique ◽  
Dividend Payments

<p>This study aimed to analyze the effect of dividend payout ratio and free cash flow to the debt to equity at the manufacturing companies which listed in the Indonesia Stock Exchange. The population of this study is manufacturing companies which listed in Indonesia Stock Exchange during the year 2010, 2011, 2012, and 2013 a number of 128 companies. Purposive sampling is used for sampling technique, as many as 33 companies. Data analytical technique in the study is multiple linear regression analysis. The results of this study proved that the dividend payout ratio had significant negative effect on the debt to equity. It showed that the dividend payments appeared as a substitute for debt in the capital structure at the company. Free cash flow positively and significantly influenced debt to equity. It was due to the investment in working capital of the company was greater than the company's operating cash flow.<em></em></p>

scholarly journals PENGARUH PERTUMBUHAN PERUSAHAAN, STRUKTUR ASET, RISIKO BISNIS DAN FREE CASH FLOW TERHADAP KEBIJAKAN HUTANG (Studi pada Perusahaan BUMN Go Public yang terdaftar di BEI)

2021 ◽  
Vol 19 (1) ◽  
pp. 41
Author(s):  
Farah Fadhilah ◽  
Iwan Setiadi ◽  
Henny Mulyati
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Multiple Linear Regression ◽  
Cash Flow ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Business Risk ◽  
Debt Policy

This research aims to analyze the correlation of corporate growth, asset structure, business risk and free cash flow with debt policy. This research was conducted on SOEs companies Go Public registered in IDX period 2015 - 2019. This research sample used purposive sampling method. This research method uses causal research design. The data used is secondary data from the company's annual report. The analysis technique used is multiple linear regression analysis. The results of this research show that the company's growth is negatively correlated with debt policy. Asset structure is negatively correlated with debt policy. Business risk is negatively correlated with debt policy. Free cash flow is not significantly correlated with debt policy. Multiple linear regression analysis shows that the company's growth, asset structure, business risk, and free cash flow are simultaneously positively correlated with debt policy.

scholarly journals PENGARUH RISK TAKING DAN FREE CASH FLOW TERHADAP PEMBAGIAN DEVIDEN: (STUDI EMPIRIS PADA BANK UMUM YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2014-2016)

2017 ◽  
Vol 5 (1) ◽  
pp. 13
Author(s):  
Indrayani Indrayani ◽  
Aprina Aprina
Keyword(s):  
Regression Analysis ◽  
Cash Flow ◽  
Risk Taking ◽  
Commercial Banks ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Free Cash Flow ◽  
Dividend Payout

This study aimed to determine the effect of Risk Taking and Free Cash Flow on Dividend Payout. The number of samples used in this study was 39 observations at Commercial Banks listed on the Indonesia Stock Exchange (BEI) in 2014-2016. The sample was taken by using purposive sampling technique. The method of data analysis used in this research was multiple linear regression analysis. The result of research partially showed that Risk taking had a negative and significant effect on dividend payout and Free Cash Flow had a positive and significant effect on dividend payout. Simultaneously, Risk Taking and Free Cash Flow had a significant effect on dividend payout.

scholarly journals ANALISIS FAKTOR FAKTOR YANG MEMPENGARUHI PERSISTENSI LABA PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2013 – 2017

2020 ◽  
Vol 1 (1) ◽  
pp. 16-31
Author(s):  
Elsa Lasrya ◽  
Oktavianiwiari Ningsih
Keyword(s):  
Cash Flow ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Operating Cycle ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Cash Flow Volatility ◽  
Operating Cycles ◽  
Debt Levels

The purpose of this study was to determine whether the independent variables, namely Cash Flow Volatility, Sales Volatility, Debt Levels and Operating Cycles affect the dependent variable, namely Profit Persistence. The sampling technique uses Purposive Sampling where 60 samples are used. This study uses multiple linear regression analysis techniques, F test and t test to determine its effect. The results of this study indicate that partially Cash Flow Volatility and Debt Levels affect Profit Persistence while the other two variables Sales Volatility and Operating Cycle have no effect on Profit Persistence. And simultaneously the four Independent variables influence the Profit Persistence.      

scholarly journals Determinan Capital Buffer Pada Industri Perbankan Di Indonesia

2019 ◽  
Vol 1 (2) ◽  
pp. 164-174
Author(s):  
Lasty Agustuty ◽  
Andi Ruslan
Keyword(s):  
Credit Risk ◽  
Quantitative Research ◽  
Banking Industry ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Analysis Techniques ◽  
Independent Variables ◽  
Public Banks ◽  
Research Period

This study aims to analyze the factors that influence capital buffers in the banking industry in Indonesia. Research variables include bank size, liquidity, credit risk, efficiency and profitability as independent variables and capital buffers as the dependent variable. The method used in this study is quantitative research. This research was conducted at public banks on the Indonesia Stock Exchange category BOOK 3 and BOOK 4, with the 2014-2018 research period using multiple linear regression analysis techniques. The results showed that the size of the company did not have a significant effect on capital buffer, while liquidity, credit risk, efficiency and profitability had a significant effect on capital buffer.

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