Effects of Financial Determinants on Dividend Payout: Evidence from Nepalese Retail Banks

This paper aims to examine the impact of five commonly used dividend determinants as; net profit, cash flow, size, market to book value, and slack on the dividend payout ratio of 19 Nepalese commercial banks. This study uses secondary data collected from annual financial statements of the banks listed on the Nepal Stock Exchange. A total of 95 observations of the variables five fiscal years are considered. The method used casual comparative research design and regression analysis is conducted. The results showed a positive and significant effect of two variables; market to book value and slack on dividend payout ratio. The result also showed the positive effect of size on the dividend payout ratio. However, the results indicated a negative effect of profitability and cash flows on the dividend payout ratio of the banks.

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PENGARUH INTENSITAS MODAL, DIVIDEND PAYOUT RATIO DAN FINANCIAL DISTRESS TERHADAP KONSERVATISME AKUNTANSI

Jurnal Benefita ◽

10.22216/jbe.v1i1.3850 ◽

2019 ◽

Vol 1 (1) ◽

pp. 104

Author(s):

Muhammad Rivandi ◽

Sherly Ariska

Keyword(s):

Financial Distress ◽

Stock Exchange ◽

Capital Intensity ◽

Accounting Conservatism ◽

Dividend Payout ◽

Purposive Sampling ◽

Negative Effect ◽

The Impact ◽

Positive Effect ◽

Research Show

This research examines in the impact of capital intensity, dividend payout ratio and financial distress on accounting conservatism. The population in this research are all that companies listed in Indonesia Stock Exchange (IDX) in 2013 to 2017. The samples are selected using purposive sampling method, the number of sample are 86 companies. Data analysis method used is panel regression method. The result of the research show that (1) capital intensity has signifcant positive effect on the accounting consrvatism, (2) dividend payout ratio has no significant effect on the accounting conservatism, (3) financial distress has significant negative effect on the accounting conservatism.Penelitian ini meneliti tentang pengaruh intensitas modal, dividend payout ratio dan financial distress terhadap konservatisme akuntansi. Populasi dari penelitian ini adalah seluruh perusahaan yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013 sampai tahun 2017. Sampel dipilih berdasarkan metode purposive sampling, sehingga perusahaan yang dijadikan sampel sebanyak 86 perusahaan. Analisis data menggunbakan model regresi panel. Hasil membuktikan bahwa (1) intensitas modal berpengaruh positif signifikan terhadap konservatisme akuntansi, (2) dividend payout ratio tidak berpengaruh signifikan terhadap konservatisme akuntansi, (3) financial distress berpengaruh negatif signifikan terhadap konservatisme akuntansi.

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The Determinants of Income Smoothing: Study of Indonesian Manufacturing Companies

Conference Series ◽

10.34306/conferenceseries.v3i2.577 ◽

2021 ◽

Vol 3 (2) ◽

pp. 50-61

Author(s):

Sherly Tiana ◽

Karina Harjanto

Keyword(s):

Firm Size ◽

Stock Exchange ◽

Secondary Data ◽

Income Smoothing ◽

Manufacturing Companies ◽

Financial Leverage ◽

Dividend Payout ◽

Natural Logarithm ◽

Negative Effect ◽

Positive Effect

The purpose of this research is to obtain empirical evidence about the effect of profitability, financial, dividend payout ratio and firm size towards income smoothing. The dependent variable of this research is income smoothing measured by Eckel Index. The independent variables of this research are profitability measured by Net Profit Margin (NPM), financial leverage measured by Debt to Assets Ratio (DAR), Dividend Payout Ratio (DPR), and firm size measured by natural logarithm assets. The samples were determined based on purposive sampling method. The sample of this research are 11 manufacture companies that listed in Indonesian Stock Exchange (IDX) in 2016-2018. Secondary data used in this research was analyzed by using logistic regression method. The result of this research are (1) profitability (NPM) has no positive effect towards income smoothing, (2) financial leverage (DAR) has no positive effect towards income smoothing, (3) Dividend Payout Ratio (DPR) has no positive effect towards income smoothing, (4) firm size has significant negative effect towards income smoothing, (5) profitability, financial leverage, Dividend Payout Ratio, and firm size has significant effect towards income smoothing.

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THE EFFECT OF INTERNAL FACTORS ON CAPITAL STRUCTURE AND ITS IMPACT ON FIRM VALUE: EMPIRICAL EVIDENCE FROM THE FOOD AND BAVERAGES INDUSTRY LISTED ON INDONESIAN STOCK EXCHANGE 2013-2017

International Journal of Engineering Technologies and Management Research ◽

10.29121/ijetmr.v6.i7.2019.434 ◽

2020 ◽

Vol 6 (7) ◽

pp. 173-191

Author(s):

M.Noor Salim ◽

Rina Susilowati

Keyword(s):

Capital Structure ◽

Firm Size ◽

Firm Value ◽

Sampling Method ◽

Stock Exchange ◽

Secondary Data ◽

Manufacturing Companies ◽

Negative Effect ◽

The Impact ◽

Positive Effect

This research aims to analyze the effects of profitability (ROA), liquidity (CR), assets growth, and firm size towards capital structure (DER) and the impact on firm value (PBV).This research uses secondary data from yearly financial statement of food and baverages companies listed in Indonesian Stock Exchange for period 2013-2017. The research design uses descriptive quantitative research and causality. Sampling method uses purposive sampling method, with some predetermined criteria, the number of sample is 17 manufacturing companies. The analysis technique used is panel data regression. The research results shows that the profitability (ROA) and firm size partially have negative effect and not significant on capital structure (DER). The liquidity (CR) and assets growth partially have negative effect and significantly on capital structure (DER). Then the capital structure (DER) partially have positive effect but not significantly influences the firm value (PBV). The profitability (ROA) partially have positive effect and significant on firm value (PBV). The liquidity (CR) and assets growth partially have negative and significant effect on firm value (PBV), and firm size partially have negative and not significant effect on firm value (PBV). Simultaneously profitability (ROA), liquidity (CR), assets growth and firm size effect on capital structure (DER). On the other side, simultaneously profitability (ROA), liquidity (CR), assets growth and firm size have effect on firm value (PBV).

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The Effect of Fundamental Factor Analysis on Blue Chips Stock Returns on the Indonesia Stock Exchange

Journal of Management Science (JMAS) ◽

10.35335/jmas.v4i2.104 ◽

2021 ◽

Vol 4 (2) ◽

pp. 43-52

Author(s):

Putri Rosarindah Lubis

Keyword(s):

Stock Returns ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Secondary Data ◽

Profit Margin ◽

Dividend Payout ◽

Return On Equity ◽

Book Value ◽

Net Profit ◽

Equity Ratio

The purpose of this study was to determine the effect of fundamental analysis consisting of price earning ratio, net profit margin, price to book value, return on equity, debt to equity ratio, and dividend payout ratio on stock returns on blue chips on the Indonesia Stock Exchange. The research method used is multiple linear regression analysis method, and hypothesis testing is done by testing the significance of the effect simultaneously (simultaneously) using the F-test and testing the significance of the partial effect using the t-test. This study uses secondary data in the form of financial statements of companies listed in blue chips on the Indonesia Stock Exchange in 2005–2007. The results showed that simultaneously (simultaneously) operational effectiveness (price earning ratio, net profit margin, price to book value, return on equity, debt to equity ratio, and dividend payout ratio) have a significant effect on stock returns. Partially there is a negative and significant effect between the price earning ratio on stock returns. Partially there is no significant effect between net profit margin on stock returns. Partially there is no significant effect between price to book value on stock returns. Partially there is a positive and significant effect between return on equity on stock returns. Partially there is a positive and significant effect between debt to equity ratio on stock returns. Partially there is a positive and significant effect between the dividend payout ratio on stock returns.

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EFFECT OF NPM, EPS, ROE, AND PBV ON STOCK PRICES

Dinasti International Journal of Management Science ◽

10.31933/dijms.v1i6.397 ◽

2020 ◽

Vol 1 (6) ◽

pp. 893-902

Author(s):

Fathihani Fathihani

Keyword(s):

Stock Prices ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Stock Index ◽

Significant Positive Effect ◽

Return On Equity ◽

Book Value ◽

Net Profit ◽

Positive Effect

This study aims to analyze the effect of Net Profit Margin, Earning Per Share, Return on Equity, and Price to Book Value on stock prices. The population of this study are all companies that have been listed on the Indonesia Stock Exchange LQ-45 in the 2015-2018 research period. LQ45 index as one of the stock index indicators on the IDX can be used as a reference as a material to assess the performance of stock trading. This research is to determine the phenomenon that stock prices are one of the measurement tools used to provide information about the success of managing a company. This study uses secondary data in the form of annual financial reports obtained from the Indonesia Stock Exchange. The sampling technique was taken by using purposive sampling as many as 28 companies. Analysis of the data used is multiple linear regression. From these results it can be concluded that earnings earnings have a significant positive effect on stock prices, Return on equity has a significant negative effect, Price to book value has a significant positive effect on stock prices, net profit margins have a negative and no significant effect on stock prices

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PENGARUH SPREAD, MARKET VALUE, VARIANCE RETURN DAN DIVIDEND PAYOUT RATIO TERHADAP HOLDING PERIOD SAHAM

Matrik Jurnal Manajemen Strategi Bisnis dan Kewirausahaan ◽

10.24843/matrik:jmbk.2016.v10.i02.p07 ◽

2016 ◽

pp. 168

Author(s):

Ni Luh Ayu Yulita Utami ◽

Ida Bagus Panji Sedana

Keyword(s):

Stock Exchange ◽

Participant Observation ◽

Secondary Data ◽

Market Value ◽

Negative Influence ◽

Dividend Payout ◽

Holding Period ◽

Significant Negative Effect ◽

Return Variance ◽

Negative Effect

The purpose of this study was to determine the effect spreads, market value, variance return and dividend payout ratio of the holding period of the stock chemical and basic industry sectors 2011-2014 period. The study was conducted using the method of non-participant observation, the data used is secondary data obtained in the Indonesia Stock Exchange (IDX) through the site www.idx.co.id. The sample used in the study of eight companies which were determined using purposive sampling method. The analysis technique used in this research is multiple linear regression. Based on the analysis, variable spreads had a negative influence is not significant, the market value has a significant negative effect, return variance has no significant negative effect and the dividend payout ratio has a significant positive pengeruh. Simultaneously independent variables significantly influence the holding period. Based on the results of this study should investors pay attention to the variable market value and the dividend payout ratio that has a significant influence on the holding period

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TATA KELOLA, KOMPENSASI CEO, KARAKTERISTIK CEO, ACCOUNTING IRREGULARITIES DAN TAX AGGRESSIVENESS

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v6i2.5451 ◽

2019 ◽

Vol 6 (2) ◽

pp. 285

Author(s):

Ririn Juliawaty ◽

Christina Dwi Astuti

Keyword(s):

Corporate Governance ◽

Ceo Compensation ◽

Stock Exchange ◽

Secondary Data ◽

Analysis Model ◽

Tax Aggressiveness ◽

Ceo Tenure ◽

Negative Effect ◽

Independent Variable ◽

Positive Effect

The purpose of this research is to examine the effect of corporate governance, CEO characteristic, CEO compensation, and accounting irregularities on tax aggressiveness. The dependent variable in this research is tax aggressiveness, while the independent variable in this research are corporate governance, characteristic CEO and CEO compensation.This study used secondary data with entire population manufacture companies listed at the Indonesia Stock Exchange (BEI) for 2015 -2017. The research sample are consists of 37 companies. The sampling method used to determine the sample is purposive sampling. The analysis model used in this research is multiple regression of panel data.Based on analytical results concluded that independent director have a significant and negative effect on tax aggressiveness while accounting irregularities has a significant and positive effect on tax aggressiveness. The board size, CEO compensation, age, and CEO tenure have no significant effect on tax aggressiveness.

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PENGARUH PERTUMBUHAN PENJUALAN, UKURAN PERUSAHAAN, DAN LEVERAGE TERHADAP PROFITABILITAS PADA PERUSAHAAN FOOD AND BEVERAGE BEI

E-Jurnal Manajemen Universitas Udayana ◽

10.24843/ejmunud.2018.v07.i11.p16 ◽

2018 ◽

Vol 7 (11) ◽

pp. 6239

Author(s):

I Ketut Alit Sukadana ◽

Nyoman Triaryati

Keyword(s):

Stock Exchange ◽

Secondary Data ◽

Analytical Techniques ◽

Linear Regression Method ◽

Company Size ◽

Sales Growth ◽

Food And Beverage ◽

Negative Effect ◽

Corporate Profits ◽

Positive Effect

Profit or corporate profits needed for the life of the company to gain profit. The purpose of this study is to determine the effect of sales growth, leverage, and company size on profitability. This research was conducted at Food and Beverage Company in Indonesia Stock Exchange period 2012-2016. Number of population as many as 16 companies, sample in this research as many as 11 companies with purposive sampling method. Data collection is done through secondary data. Analytical techniques conducted in this study using multiple linear regression method using independent variables of sales growth, leverage, and company size. Based on the results of the analysis found that the variable of sales growth, leverage, and company size simultaneously have a significant effect on profitability. This shows the increasing value of sales growth and size of the company and the declining value of leverage then profitability will increase. Partial sales growth has a significant positive effect on profitability. Partial leverage has a significant negative effect on profitability. The size of the company partially positively insignificant to profitability.

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CORPORATE OWNERSHIP, KARAKTERISTIK EKSEKUTIF, DAN INTENSITAS ASET TETAP TERHADAP PENGHINDARAN PAJAK

Jurnal Profita ◽

10.22441/profita.2019.v12.03.001 ◽

2019 ◽

Vol 12 (3) ◽

pp. 361

Author(s):

Umi Sulistiyanti ◽

R. Andro Zylio Nugraha

Keyword(s):

Stock Exchange ◽

Tax Avoidance ◽

Secondary Data ◽

Managerial Ownership ◽

Observation Data ◽

Corporate Ownership ◽

Manufacturing Companies ◽

Fixed Assets ◽

Negative Effect ◽

Positive Effect

Tax avoidance is a legal action carried out by corporate taxpayer to reduce, minimize, and alleviate the tax burden in the manner permitted by law. Nowdays, there are a lot of tax avoidance cases in Indonesia. Indonesia is ranked 11th largest with the highest tax avoidance cases with an estimated value of 6.48 billion US dollars. This study aims to analyze the Influence of corporate ownership, executive characteristics, and the intensity of fixed assets on tax avoidance.The research’s population of this study were 152 manufacturing companies listed in Indonesia Stock Exchange (IDX) in 2015,2016, and 2017. This research samples were 62 companies or 167 observation data selected by purposive sampling method. The data used secondary data that obtained from Indonesia Stock Exchange (IDX) and it was analyzed by multiple regression.The results of the study show that Family Ownership and Institutional Ownership have no effect on Tax Avoidance. While managerial ownership has a positive effect on Tax Avoidance. Executive characteristics and Intensity of Fixed Assets have negative effect on Tax Avoidance.

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NILAI PERUSAHAAN: KEBIJAKAN HUTANG, KEBIJAKAN DIVIDEN DAN PROFITABILITAS

EKOMABIS: Jurnal Ekonomi Manajemen Bisnis ◽

10.37366/ekomabis.v1i01.9 ◽

2020 ◽

Vol 1 (01) ◽

pp. 117-130

Author(s):

Afif Taftazani ◽

Eka Suryani

Keyword(s):

Firm Value ◽

Quantitative Research ◽

Stock Exchange ◽

Secondary Data ◽

Sampling Technique ◽

Coefficient Of Determination ◽

Dividend Payout ◽

Return On Equity ◽

Book Value ◽

Equity Ratio

This study aims to determine the effect of Debt to Equity Ratio (DER), Dividend Payout Ratio (DPR) and Return on Equity (ROE) on the value of the company or Price to book value (PBV) on the Indonesia Stock Exchange. The type of this research is quantitative research. The Data on this research is secondary data derived by collectin from literature and documentation. The sample in this study is 16 companies which listed on the Indonesia Stock Exchange in the 2012-2017 period. The sampling technique uses a non-probability sampling method. To analyze the data using a panel data regression test with software Eviews 9. The results of the analysis show that a partial debt to equity ratio has a positive and significant impact on firm value (PBV), while dividend payout ratio and return on equity have no significant impact on company value (PBV). The coefficient of determination (R2) is 0.9378 or 93.78%. This shows that 93.78% of the company's value (PBV) is influenced by the debt to equity ratio, dividend payout ratio and return on equity. While the remaining 6.22% of the company's value (PBV) is influenced by other factors. Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh debt to equity ratio (DER), divident payout ratio (DPR) dan return on equity (ROE) terhadap nilai perusahaan (Price to book value) (PBV) di Bursa Efek Indonesia. Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif. Data dalam penelitian ini menggunakan data sekunder yang berasal dari kepustakaan dan dokumentasi. Sampel dalam penelitian ini adalah 16 perusahaan yang terdaftar dalam Bursa Efek Indonesia periode 2012-2017. Teknik pengambilan sampel dalam penelitian ini menggunakan metode non probality sampling. Analisis yang digunakan menggunakan uji regresi panel dengan software eviews 9. Berdasarkan analisis data yang dilakukkan dalam analisis menunjukkan debt to equity ratio secara parsial berpengaruh secara positif dan signifikan terhadap nilai perusahaan (PBV), sedangkan dividend payout ratio dan return on equity tidak berpengaruh terhadap nilai perusahaan (PBV). Koefisien determinasi (R2) sebesar 0,9378 atau sebesar 93,78%. Ini menunjukkakn bahwa 93,78% nilai perusahaan (PBV) dipengaruhi oleh debt to equity ratio, dividend payout ratio dan. return on equity. Sedangkan sisanya sebesar 6,22% nilai perusahaan (PBV) dipengaruhi oleh faktor lain

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