scholarly journals ANALISA FAKTOR-FAKTOR YANG MEMPENGARUHI DIVIDEND PAYOUT RATIO (Studi Empiris pada Perusahaan Manufaktur yang terdaftar di BEI 2015-2017)

2020 ◽  
Vol 12 (1) ◽  
pp. 1-20
Author(s):  
Maria Jeannifer Lie ◽  
MARIA STEFANI OSESOGA

Abstract- The objective of the research is to obtain empirical evidence of the effect of Return on Assets, Current Ratio, Debt to Equity Ratio, and Managerial Ownership towards Dividend Payout Ratio. Companies need to know any factors to determine the optimal dividend policy. The sample in this research is selected by using purposive sampling method and the secondary data used in this research was analyzed by using multiple regression method. The total amount of sample in this research is 13 firms which is registered as manufacturing sector in BEI for the year 2015-2017; published financial reports using Rupiah currency; audited by independent auditor; published financial reports for January 1 until December 31 periods, have positive net income, declared cash dividend, did not do stock split/ reverse stock split; and have managerial ownership on shareholders structure. The result of this research are Return on Assets, Current Ratio, Debt to Equity Ratio, and Managerial Ownership simultaneously has significant effect towards Dividend Payout Ratio. Partially, variable Return on Assets, and Managerial Ownership have positive significant effect on Dividend Payout Ratio. While Current Ratio and Debt to Equity Ratio does not have significant effect towards Dividend Payout Ratio.

2014 ◽  
Vol 5 (1) ◽  
pp. 220
Author(s):  
Sunaryo Sunaryo

The primary objective of this research is to learn the effect among return on assets (ROA), current ratio (CR), debt to equity ratio (DER), debt to total assets (DTA), and net income after tax (NIAT) with dividend payout ratio (DPR), either partially or simultaneously. Research used qualitative method with secondary data collected by purposive sampling from industrial companies sector listed in IDX and preceding journals of scientific articles. Research used simple regression to test the hypothesis simultaneously with F test and t test for testing the partial hypothesis. Results of this research describe that return on assets (ROA) and net income aftar tax (NIAT) have significant effects to dividend payout ratio, but current ratio (CR), debt to equity ratio (DER), and debt to total assets do not have significant effects to dividend payout ratio. It is recommended to further research that the topic of this reseach can be continued using merchandising and distribution company groups, or service company groups either general or special, like: hotels, insurances, hospitals, and banks.


2020 ◽  
Vol 4 (4) ◽  
pp. 168
Author(s):  
Rosmeilani Christina Marintan Tiurma ◽  
Indra Widjaja

The research aimed to determine the effect of Current Ratio (CR), Return on Assets (ROA), Debt Equity Ratio (DER) and Cash Position (CP), against the Dividend Payout Ratio (DPR) on manufacturing companies specially in consumption sector In Indonesia Stock Exchange for period 2015-2017. This study also purposes to determine the effect of Current Ratio (CR), Return on Assets (ROA), Debt Equity Ratio (DER) and Cash Position (CP) simultaneous against the Dividend Payout Ratio (DPR). This research was used a causal associative method by taking secondary data. The selection of sample used purposive sampling method. From the predetermined criteria obtained a sample of 13 companies. Analysis using SPSS Program.Based on statistical t test, the result of the research shows that Return on Assets (ROA) had a significant, negative effect on Dividend Payout Ratio (DPR). Meanwhile, other variables like Current Ratio (CR), Debt to Equity Ratio (DER) and Cash Position (CP) did not affect the Dividend Payout Ratio (DPR). Based on F test indicates that variables Current Ratio (CR), Return on Assets (ROA), Debt to Equity Ratio (DER) and Cash Position (CP) simultaneously affect Dividend Payout Ratio (DPR) on manufacturing companies on consumption sector listed in Indonesia Stock Exchange for period 2015-2017.


Author(s):  
Andi Runis ◽  
Dedy Samsul Arifin ◽  
Arifuddin Masud ◽  
Ummy Kalsum

This study aims to empirically examine the factors that influence Financial Distress in Property and Real Estate Companies. This study was tested with four independent variables, namely Liquidity (Current Ratio), Leverage (Debt Equity Ratio), Firm Size (ln of Total Assets), and Profitability (Return on Assets) using purposive sampling technique the authors chose seventeen companies as samples. This study uses panel data analysis obtained from financial reports and Annual Reports for 5 years. This study uses secondary data with the help of the Eviews 9 application. The results found that the Leverage Variable (Debt Equity Ratio) has a positive and significant influence on Financial Distress while Liquidity (Current Ratio), Company Size (ln of Total Assets), and Profitability Variables (Return). on Assets) has a negative and significant effect on Financial Distress.


2020 ◽  
Vol 1 (4) ◽  
pp. 291-299
Author(s):  
Euodia Stefani Handiyanti

This study aims to examine and prove the effect of return on assets, current ratio, debt to equity ratio partially or simultaneously on profit growth in automotive companies listed on the Indonesia Stock Exchange. The data source used in this study is secondary data, which takes and quotes from financial reports obtained on the official website of the Indonesia Stock Exchange and financial reports on the official websites of each company. The sample selection used purposive sampling methodand obtained a number of 45 automotive companies. The analysis technique used in this research is the classical assumption test and multiple regression analysis. The data in this study were processed using the SPSS version 25 program. The partial test results (t test) show that the Return on Assets and Debt to Equity Ratio have a significant effect on profit growth in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2018. Meanwhile, the Current Ratio has no significant effect on profit growth in automotive companies listed on the Indonesia Stock Exchange for the 2014-2018 period. Simultaneous test results (Test F) show that the variables return on assets, current ratio, debt to equity ratio together have a significant effect on profit growth in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2018.


2021 ◽  
Vol 8 (2) ◽  
Author(s):  
Meliani Imanah ◽  
Alfinur ◽  
Supami Wahyu Setiyowati

This study aims to analyze the effect of debt to equity ratio and current ratio on firm value with return on assets as an intervening variable on food and beverages companies listed on the Indonesia Stock Exchange for the period of 2016-2018. The study uses secondary data from the annual report through access to www.idx.co.id. Data were analyzed using path analysis. The total sample of 13 companies and the method of taking sample members used is purposive sampling. The variables of this study consisted of debt to equity ratio and current ratio as exogenous variables, firm value as endogenous variables, and return on assets as intervening variables. The analysis shows that the debt to equity ratio, current ratio and return on assets have a positive effect on firm value. Debt to equity ratio and current ratio also have a positive effect on return on assets. Based on the results of the path analysis of the implications of this research that return on assets can not affect the relationship between debt to equity ratio and current ratio to the firm value so that it can provide input to researchers. It is better to add research periods and use a sample of several other sectors and can also use variables others that can strengthen the results of previous studies


2020 ◽  
Vol 3 (2) ◽  
pp. 113
Author(s):  
Nani Mulyani

Tujuan dari penelitian ini adalah untuk mengetahui factor apa saja yanga mempengaruhi dividend payout ratio pada perusahaan asuransi yamg terdaftar. Dalam penelitian ini menggunakan metode penelitian secara kausalitas yaitu penelitian untuk menguji pengaruh antara variabel independen terhadap variabel dependen.. Hasilnya adalah sudah baik. Hal ini dapat diketahui bahwa dalam berdasarkan “Ftabel dengan df = 6,35 (40) dengan α = 5% diperoleh nilai Ftabel sebesar 2.34. Maka dapat disimpulkan Fhitung (11.81839) > Ftabel (2.34), yang artinya menolak H0 dan menerima H1. Artinya variabel bebas yang terdiri” dari adalah Net Income (NI), Earning Growth (Growth), Firm Size (Size), Return On Assets (ROA), Debt to Equity Ratio (DER), Growth Sales (SG) secara bersama-sama memiliki hubungan yang signifikan terhadap variabel terikatnya yaitu Dividend Payout Ratio (DPR)..


2015 ◽  
Vol 1 (7) ◽  
pp. 518
Author(s):  
Rizkary Roslianti ◽  
Leo Herlambang

Islamic stocks is one of the most preffered investment type by Muslim investors. In the decision making process, the investors have to considered the financial reports and stock analysis. This study aims to investigate the effect of fundamental factors that represented by Return on Assets, Debt to Equity Ratio and Total Assets Turnover toward stock return.This study used a quantitative approach using secondary data, they are financial statements and stock return companies listed on Indeks Saham Syariah Indonesia years 2011-2012. This study used a significance level of 5%.Based on the regression analysis results, it indicates that Return on Assets variable has a very significant effect on the stock return. On the other hand, Debt to Equity Ratio variable and Total Assets Turnover variable do not have significant effect to the stock return. Simultaneously, Return on Assets, Debt to Equity Ratio and Total Assets Turnover have significant effect to stock return.


2020 ◽  
Vol 12 (1) ◽  
pp. 44-67
Author(s):  
Elisa Tjhoa

Abstract- The company’s decision on the distribution of dividend, as one of the returns expected by investors aside of capital gain, is an important decision due to its impacts on company’s value and shareholders’ wealth. The purpose of this research is to obtain empirical evidence regarding the determinants on Dividend Payout Ratio, namely Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio, and Firm Size (Empirical Study on Consumption Goods Industry Companies Listed on Indonesia Stock Exchange between 2015-2017). The samples in this study were selected through purposive sampling method and secondary data were analyzed through multiple linear regression methods. In total, 13 companies were used as samples. The result of this study showed Free Cash Flow, Cash Ratio and Firm Size partially have significant and positive effect towards Dividend Payout Ratio, and Company’s Growth has significant and negative effect towards Dividend Payout Ratio. While Return on Assets and Debt to Equity Ratio has no significant effects toward Dividend Payout Ratio.  Free Cash Flow, Company’s Growth, Return on Assets, Cash Ratio, Debt to Equity Ratio and Firm Size simultaneously have significant effect toward Dividend Payout Ratio (DPR).   Keywords: Cash Ratio, Debt to Equity Ratio, Dividend Payout Ratio, Firm Size, Free Cash Flow, Growth, Return on Assets


2017 ◽  
Vol 2 (2) ◽  
pp. 1-21
Author(s):  
Syaiful - Bahri

Tujuan penelitian adalah untuk mengetahui pengaruh kepemilikan manajerial, kebijakan dividen, profitabilitas, ukuran perusahaan dan arus kas bebas terhadap kebijakan hutang. Beberapa penelitian mengenai pengaruh kebijakan manajerial, kebijakan dividen, profitabilitas, ukuran perusahaan dan arus kas bebas terhadap kebijakan hutang telah banyak dilakukan. Namun, hasil yang diperoleh masih menunjukkan ketidak konsistenan. Kepemilikan manajerial diproksikan dengan managerial ownership (MOWN), kebijakan dividen diproksikan dengan dividend payout ratio (DPR). Debt to equity ratio (DER) sebagai proksi untuk kebijakan hutang dan profitabilitas menggunakan proksi return on assets (ROA). Ukuran perusahaan menggunakan total aset dan arus kas bebas menggunakan proksi arus kas operasi dikurangi belanja modal.Populasi penelitian adalah perusahaan manufaktur Sub Sektor Makanan Dan Minuman di Bursa Efek Indonesia periode 2011-2015. Seleksi sampel penelitian menggunakan purposive sampling dan diperoleh 6 perusahaan yang memenuhi kriteria. Pengujian hipotesis dalam penelitian ini dilakukan dengan menggunakan analisis regresi berganda. Hasil penelitian menunjukkan bahwa kepemilikan manajerial, kebijakan dividen, profitabilitas, ukuran perusahaan, dan arus kas bebas tidak berpengaruh terhadap kebijakan hutang.


2020 ◽  
Vol 8 (12) ◽  
pp. 2049-2057
Author(s):  
Rahmawan Darsyah ◽  
Hari Sukarno ◽  
Elok Sri Utami

Return is the result obtained from investment. Returns can be in the form of realized returns that have occurred or expected returns that have not occurred but are expected to occur in the future. Return realization (realized return) is the return that has occurred. Realized return is calculated based on historical data. Return realization is important because it is used as a measure of the company's performance. This return history is also useful as a basis for determining the expected return and risk in the future. Expected return is the return expected by investors in the future. In contrast to realized returns which have already occurred, expected returns have not yet occurred. The performance measurement was also carried out at the LQ45 company. In general, this study aims to synthesize whether the current ratio, equity ratio, dividend payout ratio, dividend yield, earnings per share, price book value, return on assets and total asset turnover are partially determinants of stock return variability. The population in this study were non-banking companies included in the LQ45 according to a circular number: Peng-00028 / BEI.OPP / 01-2018 dated January 25, 2018. Non-bank companies were chosen because the types of products produced were not in the form of services. Hypothesis testing uses multiple linear regression analysis test tools. After analyzing the data, several conclusions can be drawn, namely: only the current ratio, equity ratio, dividend payout ratio, dividend yield, return on assets and total asset turnover partially determine stock returns


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