scholarly journals THE EFFECT OF RETURN ON ASSETS, FREE CASH FLOW, AND DEBT TO EQUITY RATIO ON COMPANY VALUE

2020 ◽  
pp. 76-84
Author(s):  
Putri Renalita Sutra Tanjung
Keyword(s):  
Cash Flow ◽  
Consumer Goods ◽  
Free Cash Flow ◽  
Descriptive Statistics ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Independent Variables ◽  
Company Value ◽  
Analysis Technique ◽  
Equity Ratio

This research aims to empirically examine the effect of Return on Assets, Free Cash Flow, and Leverage on its value in the Consumer Goods Industry company during the year 2016 to 2018. The method of determining the sample uses purposive sampling. One hundred eighteen pieces were selected with predetermined criteria on this. This research's independent variables are Return On Assets, Free Cash Flow, and Leverage as the dependent variable is Company Value. The analysis technique used in this research is descriptive statistics, classic assumptions, feasibility models. The results indicate that the variable Return on assets and Leverage affect the company's value. Whereas the variable Free Cash Flow does not affect the value of the company. KEYWORDS: Return On Assets, Free Cash Flow,Leverage and Company's value

scholarly journals Pengaruh Kepemilikan Manajerial, Kebijakan Dividen, Profitabilitas, Ukuran Perusahaan dan Arus Kas Bebas (Free Cash Flow) Terhadap Kebijakan Hutang (Sudi Pada Perusahaan Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia)

2017 ◽  
Vol 2 (2) ◽  
pp. 1-21
Author(s):  
Syaiful - Bahri
Keyword(s):  
Cash Flow ◽  
Free Cash Flow ◽  
Managerial Ownership ◽  
Return On Assets ◽  
Dividend Payout ◽  
Purposive Sampling ◽  
Equity Ratio

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.

Model Pembiayaan Syariah Untuk Perkembangan Perkebunan Kopi di Kabupaten Bener Meriah

Liquidity ◽  
2018 ◽  
Vol 7 (1) ◽  
pp. 1-6
Author(s):  
Ali Muamar ◽  
Jafril Khalil ◽  
Manager Nasution ◽  
Arief Safari ◽  
Riawan Amin ◽  
...  
Keyword(s):  
Cash Flow ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Manufacturing Companies ◽  
Flow Ratio ◽  
Employee Welfare ◽  
Analysis Technique ◽  
Equity Ratio

This study was conducted to examine the effect of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (Parliament) partially on manufacturing companies listed on Indonesia Stock Exchange period 2011-2015. In addition, to test the feasibility of regression model, the influence of Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) to Divident Payout Ratio (DPR) simultaneously at manufacturing company listed on Bursa Indonesia Securities period 2011-2015. The population in this study are 146 manufacturing companies that have been and still listed in Indonesia Stock Exchange period 2011-2013. The sampling technique used was purposive sampling and obtained sample of 42 companies. Data analysis technique used is by using multiple linear regression test. The results showed that Free Cash Flow Ratio, no significant effect on Divident Payout Ratio (DPR). Debt Equity Ratio (DER) has a negative and significant influence on Divident Payout Ratio (DPR), Institutional Ownership has a significant positive effect on Divident Payout Ratio (DPR), Employee Welfare and Price.

scholarly journals PENGARUH FREE CASH FLOW, PERTUMBUHAN PERUSAHAAN, RETURN ON ASSETS, CASH RATIO, DEBT TO EQUITY RATIO DAN FIRM SIZE TERHADAP KEBIJAKAN DIVIDEN (Studi Empiris pada Perusahaan Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia Periode 2015

2020 ◽  
Vol 12 (1) ◽  
pp. 44-67
Author(s):  
Elisa Tjhoa
Keyword(s):  
Cash Flow ◽  
Firm Size ◽  
Stock Exchange ◽  
Secondary Data ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Dividend Payout ◽  
Regression Methods ◽  
Negative Effect ◽  
Equity Ratio

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

scholarly journals KENDALA KEUANGAN DAN SALING KETERGANTUNGAN DALAM KEPUTUSAN KEUANGAN PADA SEKTOR CONSUMER GOODS DI INDONESIA

2020 ◽  
Vol 4 (2) ◽  
pp. 216
Author(s):  
Maya Novethesia ◽  
Ricky Sanjaya ◽  
Farah Margaretha
Keyword(s):  
Cash Flow ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Least Square ◽  
Short Term ◽  
Purposive Sampling ◽  
Financial Decisions ◽  
Independent Variables ◽  
Short And Long Term

Penelitian ini dilakukan untuk menguji kendala keuangan dan saling ketergantungan dalam keputusan keuangan. Sampel yang digunakan dalam penelitian ini adalah perusahaan pada sektor consumer goods yang go public dan terdaftar di Bursa Efek Indonesia (BEI) periode 2014-2018. Terdapat 24 perusahaan swasta yang dapat diteliti setelah dilakukan purposive sampling. Arus kas sebagai variabel dependen yang diukur dengan pengeluaran modal, perubahan kas, dividen, perubahan hutang jangka pendek dan panjang dan total aset. Investasi, kas, dan hutang sebagai variabel independen yang diukur menggunakan aktiva tetap bersih, kas, hutang jangka pendek dan panjang, perubahan dalam modal kerja, dividen, nilai pasar dan total aset. Sedangkan arus kas perusahaan dan resiko operasional perusahaan sebagai variabel moderasi. Penelitian ini menggunakan metode least square dan uji individu (uji-t). Hasil penelitian ini menunjukkan bahwa investasi, kas, dan hutang berpengaruh positif terhadap arus kas perusahaan. Implikasi dari penelitian ini bagi manajer keuangan agar perlu memperhatikan jumlah hutang perusahaan karena sangat berpengaruh terhadap arus kas perusahaan. Bagi peneliti selanjutnya sebaiknya menggunakan perusahaan pada sektor lain.  This research was conducted to support finance and interdependence in financial decisions. The sample used in this study was companies in the consumer goods sector that went public and were listed on the Indonesia Stock Exchange (IDX) for the 2014-2018 period. There are 24 companies that can be issued after purposive sampling. Cash flow as the dependent variable needed with capital, cash changes, dividends, short-term loans and total assets. Investment, cash, and debt as independent variables using fixed bonds, cash, short and long term loans, changes in working capital, dividends, market value and total assets. While the company's cash flow and company operational risk as a moderating variable. This research uses the quadratic method and individual test (t-test). The results of this study prove that investment, cash, and loans are positive towards the company's cash flow. The implications of this study for financial managers need to be considered by the number of companies because they need to be considered for the company's cash flow. For further researchers need to use companies in other sectors.

scholarly journals Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

2020 ◽  
Vol 5 (2) ◽  
pp. 110
Author(s):  
Fajar Rina Sejati ◽  
Sahrul Ponto ◽  
Septyana Prasetianingrum ◽  
Sumartono Sumartono ◽  
Nona Naomi Sumbari
Keyword(s):  
Empirical Evidence ◽  
Cash Flow ◽  
Consumer Goods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Industry Sector ◽  
Company Growth ◽  
Debt Policy

The purpose of this study was to examine the effect of Free Cash Flow, Debt Policy, Return On Assets, Company Growth on Dividend Policy. The sample of this study was using 10 companies in the Consumer Goods Industry Sector on the Indonesia Stock Exchange (IDX) in 2015-2018 met all the criteria. Empirical evidence suggests that Free Cash Flow has a Significant Effect on Dividend Policy. Debt Policy Has Negative and Significant Impact on Dividend Policy. Whereas Return On Assets and Company Growth Have No Significant Effect on Dividend Policy.

scholarly journals Pengaruh Free cash flow, Kepemilikan Institusional, Profitabilitas dan Leverage Tehadap Kebijakan Dividen Tunai Pada Perusahaan Property dan Real estate yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 15 (2) ◽  
pp. 26-34
Author(s):  
Syelly Wulandari ◽  
Nita Priska Ambarita ◽  
Mia Dwi Puji Wahyuni Darsono
Keyword(s):  
Real Estate ◽  
Cash Flow ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Predictive Ability ◽  
Institutional Ownership ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Equity Ratio ◽  
Positive Effect

This research aims to examine and analyze the effect of free cash flow, institutional ownership, profitability and Leverage on dividend policy by using an approach multiple regression model. The proxies used to measure the financial elements are free cash flow, institutional ownership, Return on Assets and debt to equity ratio. The population in this research is property and real estate  companies listed in Indonesia Stock Exchange for six years (2014-2019). Election sample procedure uses purposive sampling and the result are existed 5 companies that fulfill criteria so that amount of data studied by 30 data. The results of this research show that free cash flow, institutional ownership and profitability have a significant effect on dividend policy proxied by Dividend payout ratio. Leverage which is measured by debt to equity ratio hasn’t a significant effect on dividend policy. Free cash flow has a positive effect on dividend policy. Institutional ownership has a positive effect on dividend policy. Profitability which is measured by Return on Assets has a negative effect on dividend policy. The predictive ability of these variabel on dividend policy is 49,6% as shown by the amount of R square, while 50,4% is affected by the other factor which is not included in the research model.

scholarly journals PENGARUH STRUKTUR KEPEMILIKAN, FREE CASH FLOW, DAN RETURN ON ASSETS TERHADAP DIVIDEND PAYOUT RATIO (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERCATAT DI BURSA EFEK INDONESIA PERIODE 2012-2014)

2018 ◽  
Author(s):  
Putri Awalina
Keyword(s):  
Cash Flow ◽  
Free Cash Flow ◽  
Managerial Ownership ◽  
Return On Assets ◽  
Dividend Payout ◽  
Purposive Sampling

AbstrakPenelitian ini bertujuan untuk menemukan bukti empiris adanya pengaruh struktur kepemilikan, free cash flow, dan return on assets terhadap dividend payout ratio. Sampel penelitian ini berjumlah 34 perusahaan yang diambil dari populasi perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) periode 2012-2014. Penentuan sampel dilakukan secara nonrandom atau menggunakan nonprobability sampling dengan metode purposive sampling. Data penelitian ini dianalisis menggunakan anaisis regresi berganda. Hasil penelitian menemukan bukti empiris bahwa managerial ownership dan return on assets berpengaruh terhadap dividend payout ratio. Sedangkan variabel yang lain tidak berpengaruh terhadap dividend payout ratio.Kata kunci : Dividend payout ratio, struktur kepemilikan, free cash flow, return on assets

scholarly journals ANALISIS KEBIJAKAN DIVIDEN DI INDONESIA TAHUN 2013-2017

2019 ◽  
Vol 3 (1) ◽  
pp. 43-50
Author(s):  
Ninnasi Muttaqiin
Keyword(s):  
Cash Flow ◽  
Free Cash Flow ◽  
Current Ratio ◽  
Dividend Payout ◽  
Return On Equity ◽  
Purposive Sampling ◽  
Equity Ratio

Penelitian ini bertujuan untuk menganalisis faktor yang mempengaruhi kebijakan dividen pada perusahaan non-keuangan di Indonesia. Variabel independen dalam penelitian ini adalah return on equity (ROE), current ratio (CR), debt to equity ratio (DER), ukuran perusahaan, pertumbuhan perusahaan, dan free cash flow (FCF), sedangkan variabel dependen yaitu kebijakan dividen diproksikan dengan penggunaan variabel dividend payout ratio (DPR). Penelitian ini menggunakan data sekunder yang berasal dari laporan keuangan perusahaan non-keuangan yang terdaftar di BEI selama tahun 2013 hingga 2017. Teknik sampel yang digunakan adalah purposive sampling yang menghasilkan sampel berjumlah 12 perusahaan. Alat analisis yang digunakan untuk pengujian hipotesis adalah SPSS versi 21. Penelitian ini memberikan hasil bahwa ROE berpengaruh positif tidak signifikan terhadap kebijakan dividen. CR, DER, dan FCF berpengaruh positif signifikan terhadap kebijakan dividen. Ukuran perusahaan dan pertumbuhan perusahaan berpengaruh negatif tidak signifikan terhadap kebijakan dividen.

scholarly journals Pengaruh Profitabilitas dan Kebijakan Hutang terhadap Return Saham dengan Inflasi sebagai Variabel Moderasi pada Perusahaaan Manufaktur (Consumer Goods)

2022 ◽  
Vol 7 (1) ◽  
pp. 55
Author(s):  
Andrika Yuliawan Wibowo ◽  
Andi Kartika
Keyword(s):  
Regression Analysis ◽  
Consumer Goods ◽  
Return On Assets ◽  
Purposive Sampling ◽  
Equity Ratio

Penelitian ini merupakan suatu riset kuantitatif yang mempunyai tujuan antara lain untukmengenali pengaruh profitabilitas (Return on Assets) serta Kebijakan Hutang (Debt to Equity Ratio) terhadap return saham dengan inflasi selaku variabel moderasi pada industri manufaktur (Consumer Goods) yang terdaftar di BEI 2016- 2020. Ilustrasi yang digunakan dalam riset ini merupakan industri industri manufaktur (Consumer Goods) yang terdaftar di BEI periode 2016– 2020. Metode pengambilan ilustrasi yang digunakan dalam penelitian ini merupakan tata cara purposive sampling. Ilustrasi riset sebanyak 36 industri dengan jumlah observasi 180. Pengujian hipotesis dalam riset ini memakai analisis regresi serta pula Moderate Regression Analysis (MRA) dengan program E- Views 9. 0. Hasil dari pengujian diperoleh (1) terdapat pengaruh signifikan profitabilitas terhadap return saham, (2) tidak terdapat pengaruh signifikan kebijakan hutang terhadap return saham, (3) secara parsial inflasi tidak bisa memoderasi pengaruh dari profitabilitas, serta kebijakan hutang terhadap return saham

scholarly journals THE EFFECT OF PROFITABILTY, DEBT POLICY AND FIRM SIZE ON COMPANY VALUE IN CONSUMER GOODS COMPANIES

2019 ◽  
Vol 7 (1) ◽  
pp. 1217-1229
Author(s):  
Adat Muli Peranginangin
Keyword(s):  
Firm Size ◽  
Consumer Goods ◽  
Profit Margin ◽  
Return On Assets ◽  
Return On Equity ◽  
Operating Profit ◽  
Company Value ◽  
Net Profit ◽  
Equity Ratio ◽  
Debt Policy

The objective of the research was to examine and analyze the influence of Profitability Ratio (Gross Profit Margin/GPM, Operating Profit Margin/OPM, Net Profit Margin/NPM, Return On Assets/ROA, Return On Equity/ROE), Debt Policy (Debt Equity Ratio/DER) and Firm size (Assets Size) on   the Company Value (Price Earning Ratio/PER) in consumer goods companies listed in the Indonesia Stock Exchange. The research used causal research method and secondary data. The population was 47 consumer goods companies listed in the Indonesia Stock Exchange in the period of 2015-2017, and 23 of them were used as the samples, taken by purposive sampling  technique. The data  were  analyzed  by using  multiple linear  regression analysis.   The result of the research showed that the Profitability Ratio (Gross Profit Margin/GPM, Operating Profit Margin/OPM, Net Profit Margin/NPM, Return On Assets/ROA, Return On Equity/ROE), Debt Policy ( Debt Equity Ratio/DER) and Firm size (Assets Size) influenced  Company Value (Price Earning Ratio/PER). Partially Gross Profit Margin (GPM) and Firm Size (Assets Size) influenced  and was significant to Company Value (Price Earning Ratio), while the Operating Profit Margin (OPM),   Net Profit Margin(NPM), Return On Assets(ROA),  Return  On  Equity(ROE)  and  Debt  Policy  (Debt  Equity  Ratio/DER)  did  not influence and was not  significant on the company value (Price Earning Ratio ).

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