scholarly journals The Effect of Collaterallizable Assets, Growth in Net Assets, Liquidity, Leverage and Profitability on Dividend Policy (Case Studies on Non-Financial Services Sector Companies Listed on the Indonesia Stock Exchange for the 2016-2019 Period)

2021 ◽  
Vol 4 (1) ◽  
pp. 937-950
Author(s):  
Febrilia Izza Mauris ◽  
Nora Amelda Rizal
Keyword(s):  
Financial Services ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Service ◽  
Positive Direction ◽  
Service Companies ◽  
Significant Negative Effect ◽  
Negative Effect ◽  
Net Assets

Dividend policy is one of the most important functions for corporate finance and has influence with various company stakeholders. Dividend policy reflects the quality and reputation of the company, namely the company's ability to manage its business processes to generate profits well or vice versa. In practice, companies experience difficulties in determining and deciding dividend policies, namely the decision to withhold profits to be used as company operational development or to distribute dividends to shareholders to increase investor confidence in the company. The difference in interests that occurs in dividend policy is called agency theory. This study aims to determine the effect of collateralizable assets (COLLAS), growth in net assets, liquidity (CR), leverage (DER), and profitabilitas (ROE) on dividend policy (DPR) in non-financial service companies listed on the Indonesia Stock Exchange in 2016-2019. The data used in this study was obtained from financial report data taken from the official website of the Indonesia Stock Exchange. The population in this study are non-financial service companies listed on the Indonesia Stock Exchange in 2016-2019. The sampling technique used is perposive sampling and obtained 31 firms with a research period of 4 years, thus obtaining 124 sample data. The method of data analysis in this study is panel data regression analysis using software Eviews 11.0. The results showed that simultaneous collateralizable assets (COLLAS), growth in net assets, liquidity (CR), leverage (DER), and profitabilitas (ROE) had a significant effect on dividend policy (DPR). Meanwhile, partially Collateralizable Assets (COLLAS) has a significant effect in a positive direction on dividend policy. Growth In Net Assets has no significant effect in a negative direction on dividend policy. Liquidity (CR) does not have a significant negative effect on dividend policy. Leverage (DER) does not have a significant negative effect on dividend policy. Profitability (ROE) has a significant effect in a positive direction on dividend policy.   

scholarly journals THE EFFECT OF DIVIDEND POLICY, LIQUIDITY, PROFITABILITY AND FIRM SIZE ON FIRM VALUE IN FINANCIAL SERVICE SECTOR INDUSTRIES LISTED IN INDONESIA STOCK EXCHANGE 2015-2018 PERIOD

2019 ◽  
Vol 8 (2) ◽  
pp. 91 ◽  
Author(s):  
Renly Sondakh
Keyword(s):  
Firm Size ◽  
Financial Services ◽  
Firm Value ◽  
Service Sector ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Financial Service ◽  
Corporate Value ◽  
Service Companies ◽  
Financial Indicator

Firms that go public have a target to increase the value of their firm, because the value of the firm is an attractive factor for investors to call their capital. Firm value is a financial indicator because high corporate value can prove prosperity for shareholders. This study attempts to analyze the dividend, liquidity, profitability and size of the firm policy on the value of the firm. This research was conducted on financial services companies listed on the Indonesia Stock Exchange for the period 2015-2018, including 12 companies that met the sample requirements by using purposive sampling from 99 financial service companies for the 2015-2018 period. This study uses multiple linear regression data analysis received with the SPSS program which contains the classic assumption test, partial test (t-test). The results of this study indicate that dividend policy has a negative and significant effect on firm value, liquidity and firm size partially influence positively and significantly on firm value while profitability is not appropriate and not significant to firm value.

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%.

Pengaruh keputusan investasi, keputusan pendanaan, dan kebijakan dividen terhadap nilai perusahaan yang terdaftar di Bursa Efek Indonesia

2019 ◽  
Vol 8 (2) ◽  
Author(s):  
Dina Patrisia ◽  
Muthia Roza Linda ◽  
Ursa Yulianti
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Decision ◽  
Investment Decisions ◽  
Secondary Data ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Positive Direction ◽  
Company Value

This study aims to analyze the effect of investment decisions, funding decisions, and dividend policy on the value of the company. This research is classified as causative research. The populations in this study are all Manufacturing companies listed on the Stock Exchange in 2012-2016. The sampling technique in this study is using purposive sampling technique with a total sample of 213 samples. The data used is secondary data. The data analysis method used is multiple regression. The results showed that investment decision variables affect the value of the company in a positive direction, funding decisions affect the value of the company in a negative direction, and dividend policy affects the value of the company with a positive direction on Manufacturing companies listed on the IDX. With this research, it is expected that researchers who can further conduct research related to factors that influence the value of the company whose impact is higher than what researchers have met. By using different proxy and data processing methods to produce more accurate data processingKeywords: Investment decisions; funding decisions; dividend policy; company value

scholarly journals Pengaruh Biaya Produksi, Biaya Administrasi Umum, dan Biaya Pemasaran Terhadap Laba Pada Perusahaan Food and Beverages Yang Terdaftar Di Bursa Efek Indonesia

2019 ◽  
Vol 7 (2) ◽  
pp. 83-88
Author(s):  
Andri Hasmoro Kusumo Broto
Keyword(s):  
Stock Exchange ◽  
Hypothesis Test ◽  
Sampling Technique ◽  
Financial Statements ◽  
Production Costs ◽  
Administrative Costs ◽  
Significant Negative Effect ◽  
Food And Beverages ◽  
Negative Effect ◽  
Marketing Costs

AbstractThis study aims to: (a) determine the partial effect of production costs on profits in food and beverages company listed on the Indonesia Stock Exchange. (b) To determine the effect of partial general administrative costs on profits in listed food and beverages company On the Indonesia Stock Exchange. (c) To determine the effect of partial marketing costs on profits in food and beverages company listed on the Indonesia Stock Exchange. (d) To determine the simultaneous effect of production costs, general administrative costs, and costs income to the food and beverages company listed in the Indonesia Stock Exchange. The population in this study is a food and beverages company listed on the Indonesia Stock Exchange in 2017. Data collection techniques use quarterly financial statements. Sampling purposive sampling technique. Data analysis techniques use multiple linear regression and hypothesis test (t test and F test). The results show: (a) there is a partial significant negative effect on production costs on profits in the food and beverages company listed on the Indonesia Stock Exchange. (b) There is a partial significant negative effect on general administration costs on profits in the food and beverages company listed on the Indonesia Stock Exchange. (c) There is a partial significant negative effect on marketing costs on profits in the food and beverages company listed on the Indonesia Stock Exchange. (d) There is a significant negative effect simultaneously production costs, general administrative costs, and marketing costs to earnings at food and beverages company listed in Indonesia Stock Exchange. Keywords: Production Costs, General Administrative Costs, Marketing Costs, Profit

scholarly journals Pengaruh Financial Leverage, Kualitas Audit Dan Pertumbuhan Perusahaan Terhadap Manajemen Laba

Jurnal Ecogen ◽  
2021 ◽  
Vol 4 (2) ◽  
pp. 317
Author(s):  
Febria Hanisa ◽  
Elvi Rahmi
Keyword(s):  
Earnings Management ◽  
Audit Quality ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Financial Service ◽  
Financial Leverage ◽  
Service Companies ◽  
Result Show ◽  
Sample Technique ◽  
Company Growth

The purpose of this study was to determine the effect of financial leverage, audit quality and corporate growth simultaneously and partially on earnings management in non-financial service companies listed on the Indonesia Stock Exchange (Bursa Efek Indonesia: BEI) in 2016-2018. This type of research is causative. The subjects and objects in this research are non-financial service companies listed on the IDX during 2016 to 2018, amounting to 298 companies. This research uses purposive sampling technique and 93 companies were used as the sample technique. The Data collection techniques uses documentation techniques. Method is used regression analysis. Based on the results found simultaneously significant test (together) there is a significant influence between the variables of financial leverage, audit quality and company growth on earnings management. Partially significant test result show that financial leverage has no significant effect on earnings management, audit quality has a significant  management and company growth has a significant effect on management. Regarding management, it is expected that investors and the public will be more careful in reading information in financial statements so that later there are no mistaken in making a decision to invest..Keywords : financial leverage, audit, growth, earning management

scholarly journals PENGARUH STRUKTUR MODAL, KEBIJAKAN DIVIDEN DAN LIKUIDITAS TERHADAP PROFITABILITAS PERUSAHAAN PERBANKAN DI BURSA EFEK INDONESIA

2019 ◽  
Vol 8 (8) ◽  
pp. 4871
Author(s):  
Willy Tantono ◽  
Made Reina Candradewi
Keyword(s):  
Capital Structure ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Participant Observation ◽  
Secondary Data ◽  
Sampling Technique ◽  
Analytical Technique ◽  
Negative Effect ◽  
Observation Method ◽  
Positive Effect

This study was conducted to examinate the effect of capital structure, dividend policy and liquidity on profitability of bank that listed on Indonesia Stock Exchange period of 2015 to 2017. This study was associative research. The population of this study were 39 companies and observed during 2015 to 2017. The sampling technique used in this study was saturated samples. Based on these techniques, 39 companies obtained as samples. This study used the secondary data from IDX. The data collection methods used in this study was non participant observation method. The researcher used multiple linear regression as the analytical technique. SPSS 20 was used to help analyze. The result of analysis can be conclude Capital Structure had significant negative effect on profitability, Dividend policy had significant positive effect on profitability and Liquidity had positive significant effect on profitability. Keywords: profitability, capital structure, dividend policy, liquidity

scholarly journals ANALISIS PENGARUH UKURAN PERUSAHAAN, KUALITAS AUDITOR, PROFITABILITAS, DAN LIKUIDITAS TERHADAP OPINI GOING CONCERN PADA PERUSAHAAN JASA YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2016-2018

2021 ◽  
Vol 14 (2) ◽  
pp. 111
Author(s):  
Daniel Nicson Simanjuntak
Keyword(s):  
Stock Exchange ◽  
Comparative Method ◽  
Secondary Data ◽  
Sampling Technique ◽  
Company Size ◽  
Significance Level ◽  
Going Concern ◽  
Service Companies ◽  
Going Concern Opinion ◽  
Negative Effect

ABSTRACT The purpose of this study is to analyse the effects of company size, auditor’s quality, profitability and liquidity on going concern opinion of the service companies listed on Indonesia Stock Exchange in the period of 2016 to 2018. This study is a quantitative research with causal comparative method and used secondary data. The population in this study covers all sectors of the service companies listed on Indonesia Stock Exchange which amounted 417 companies. There are 33 (thirty three) companies used as samples in this study, with the purposive sampling as the sampling technique and logistic regression for the data analysis. The results of this study indicates that auditor’s quality and liquidity have negative effect and significant on acceptance of going concern opinion with the significance level are 0,014 and 0,010. Meanwhile, company size has positive effect but not significant and profitability has negative effect but not significant to the acceptance of going concern opinion with the significance level are 0,555 and 0,431. And simultaneously independent variables such as company size, auditor’s quality, profitability, and liquidity are all having significant affect on dependent variable which is going concern opinion with the significance level of 88% with the rest of 12% affected by other variables apart from the research.

scholarly journals DETERMINAN KEBIJAKAN DIVIDEN PADA SEKTOR NONKEUANGAN

2019 ◽  
Vol 7 (2) ◽  
pp. 1-10
Author(s):  
Ahmad Aziz Putra Pratama
Keyword(s):  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Linear Regression Models ◽  
Growth Opportunities ◽  
Significant Negative Effect ◽  
Price Earnings Ratio ◽  
Negative Effect ◽  
Equity Price

This study aims to determine the effect of company size, leverage, growth opportunities, return on on equity, price earnings ratio, quick ratio and free cash flow on dividend policy in non-financial companies listed on the Indonesia Stock Exchange during the 2013-2018 period. This study uses 122 with a total of 732 observations using purposive sampling method with multiple linear regression models. This study was processed using SPSS 25. The independent variables in this study are size, leverage, growth opportunities, ROE, PER, quick ratio, and free cash flow. The dependent variable in this study is dividend policy. Based on the analysis results, it can be concluded that size and PER have a significant positive effect on dividend policy, quick ratio and free cash flow have a positive and insignificant effect on dividend policy, while leverage and ROE have no significant negative effect on dividend policy, and growth has a significant negative effect on dividend policy.

scholarly journals THE ANALYSIS OF FACTORS WHICH INFLUENCE THE MANAGERIAL AND INSTITUTIONAL OWNERSHIP ON BASIC INDUSTRY AND CHEMICAL SECTORS AT INDONESIA STOCK EXCHANGE 2010 - 2014

2015 ◽  
Vol 14 (1) ◽  
Author(s):  
Andrena Novita Santoso ◽  
Werner R. Murhadi ◽  
Endang Ernawati
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Significant Positive Effect ◽  
Significant Negative Effect ◽  
Policy Variable ◽  
Negative Effect ◽  
Debt Policy ◽  
Positive Effect

The purpose of this study is to determine the effect of the following corporation’s variables: value, size, debt policy, growth, liquidity, dividend policy on managerial and  institutional ownership in the base and chemical industry sector listed on the Indonesia stock exchange during 2010 through 2014. The findings showed that: (i) Corporation’s value and size variables have significant negative effect on managerial ownership; liquidity variable has significant positive effect on managerial ownership. On the other hand, debt policy, growth and dividend policy variables have non-significant negative effect on managerial ownership. (ii) Corporation’s value and size variables have significant positive effect on institutional ownership; debt policy variable has significant negative effect on institutional ownership, while growth, liquidity and dividend policy variables have non-significant positive effect on institutional ownership.

scholarly journals OWNERSHIP STRUCTURE, FREE CASH FLOW, ASSET STRUCTURE AND DIVIDEND POLICY ON DEBT POLICY

2020 ◽  
Vol 9 (1) ◽  
pp. 28
Author(s):  
Nirina Tahir ◽  
Asrudin Hormati ◽  
Zainuddin Zainuddin
Keyword(s):  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Annual Reports ◽  
Managerial Ownership ◽  
Negative Effect ◽  
Debt Policy

This study is designed based on problems related to debt policy. The debt policy in every company has a direct effect on the financial position. The use of debt that which too high provides great risk, but if the companies are able to manage debt properly; then the use of debt shall increase profits for shareholders. The purpose of this study was to determine and analyze the effects of managerial ownership, institutional ownership, free cash flow, assets structure, and dividend policy on companies indexed LQ-45 wich listed on the Indonesia Stock Exchange. The sampling technique of this study is purposive sampling which produced 85 observations. This study uses secondary data in the form of annual reports. The tool of analysis of this study is multiple regression with support of statistical package for social scientists (SPSS) software. The results show that: (1) managerial ownership has no effect on debt policy; (2) institutional ownership has a negative effect on debt policy; (3) free cash flow has a negative effect on debt policy; (4) assets structure has a negative effect on debt policy and (5) dividend policy has no effect on debt policy.

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