ANALISIS UKURAN PERUSAHAAN, FREE CASH FLOW(FCF) DAN KEBIJAKAN HUTANG TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

The purpose of this study was to analyze the Free Cash Flow (FCF) Firm Size and the Debt to Equity Ratio on Financial Performance of Manufacturing Companies on the Indonesia Stock Exchange. This research is causal. The data taken as this research are Manufacturing Companies listed on the Indonesia Stock Exchange in 2017-2018. The population in the study was 146 companies, with a sample of 30 companies using the purposive sampling method, so that the number of observations was 60 units of observation. The data analysis method in this research is multiple linear regression. R Square Testing Results of 0.162 means that the independent variable is X1Firm Size x2 Free Cash Flow (FCF), x3 Debt to Equty Ratio simultaneously affects Financial Performance by 16.2% and the remaining 83.8% is influenced by other factors. Research Results Partially understood that the Firm Size variable has no negative effect and is not significant on Financial Performance. According to the data in table 5. Results of the statistical equation test that the value of Sig. Firm Size variable x1 0.872> 0.05 does not affect and is not significant to the dependent variable Y Financial Performance then the hypothesis is rejected. The results of the study are partially understood that the Free Cash Flow (FCF) variable has a positive and significant effect on financial performance. According to the data in table 5. Results of the statistical equation test that the value of Sig. variable Free Cash Flow (FCF) x2 0.043 <0.05 significant effect on the dependent variable Y Financial Performance. Then the variable Free Cash Flow (FCF) hypothesis has a positive effect on the Financial Performance of Manufacturing Companies in the Indonesia Stock Exchange. The research results are partially known that the Debt to Equity Ratio variable has a positive and significant effect on Financial Performance. Sig value. Debt to Equity Ratio Variable x3 0.018 <0.05 has a significant effect on the dependent variable Y Financial Performance of manufacturing companies on the Indonesia Stock Exchange. Then the hypothesis of Debt to Equity Ratio Variables has a positive effect on the Financial Performance of Manufacturing Companies on the Indonesia Stock Exchange. It is simultaneously significant. Where the probability value (Sig.) 0.018 <0.05, the influence of the free variable consists of the variable Company Size x1, Free Cash Flow (FCF) variable x2, Debt to Equity Ratio Variable x3 Against the Bound Variable Financial Performance variable Y in Manufacturing Companies listed on Indonesia stock exchange.

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Dividend Payout Ratio: Persoalan Free Cashflow, Debt To Equity Ratio, Kepemilikan Institutional, Investment Opportunity, Dan Kesejahteraan Karyawan

Liquidity ◽

10.32546/lq.v6i1.35 ◽

2017 ◽

Vol 6 (1) ◽

pp. 1-11

Author(s):

Nurlis Azhar ◽

Helmi Chaidir

Keyword(s):

Cash Flow ◽

Significant Influence ◽

Stock Exchange ◽

Institutional Ownership ◽

Free Cash Flow ◽

Manufacturing Companies ◽

Flow Ratio ◽

Prediction Ability ◽

Employee Welfare ◽

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 Earning Ratio (PER) has a positive and significant influence on the Divident Payout Ratio ). Simultaneously Free Cash Flow Ratio, Debt Equity Ratio (DER), Institutional Ownership, Employee Welfare and Price Earning Ratio (PER) give effect to Divident Payout Ratio. The prediction ability of the five variables to the Divident Payout Ratio (DPR) is 21.3% as indicated by the adjusted R square of 0.271 while the remaining 79.7% is influenced by other factors not included in the research model.

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Model Pembiayaan Syariah Untuk Perkembangan Perkebunan Kopi di Kabupaten Bener Meriah

Liquidity ◽

10.32546/lq.v7i1.171 ◽

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

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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

Jurnal ULTIMA Accounting ◽

10.31937/akuntansi.v12i1.1570 ◽

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

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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

Akuisisi: Jurnal Akuntansi ◽

10.24127/akuisisi.v15i2.429 ◽

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.

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PENGARUH KEPEMILIKAN ASING DAN LEVERAGE TERHADAP KINERJA KEUANGAN

BALANCE Jurnal Akuntansi dan Bisnis ◽

10.32502/jab.v5i1.2459 ◽

2020 ◽

Vol 5 (1) ◽

pp. 64

Author(s):

Rafika Sari

Keyword(s):

Financial Performance ◽

Stock Exchange ◽

Foreign Ownership ◽

Significant Positive Effect ◽

Manufacturing Companies ◽

Independent Variables ◽

Significant Negative Effect ◽

Negative Effect ◽

Equity Ratio ◽

Positive Effect

The purpose of this study is to determine and analyze the effect of Foreign Ownership and Leverage Effects on Financial Performance in Manufacturing Companies Listed on the Indonesia Stock Exchange (IDX) Period 2014 - 2018 The results of this study simultaneously Fcount value of 5.808 with a probability of 0.04 smaller than 0.05 so it can be concluded that all independent variables (Foreign ownership and leverage) together have a significant effect on financial performance. Changes that occur in financial performance can be explained by the variable Foreign ownership and leverage of 73%, the remaining 27% is explained by other variables outside the model. partially foreign ownership has a significant positive effect on financial performance with a coefficient of t count 3.004 and a significance of 0.003. Debt Equity Ratio variable has a significant negative effect on financial

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ANALISIS PENGARUH CURRENT RATIO, NET PROFIT MARGIN, DEBT TO EQUITY RATIO, EPS, ARUS KAS BEBAS, DAN DIVIDEN TAHUN SEBELUMNYA TERHADAP DIVIDEN KAS

Jurnal Akuntansi Trisakti ◽

10.25105/jat.v4i2.4846 ◽

2019 ◽

Vol 4 (2) ◽

pp. 101

Author(s):

Ega Zuwita ◽

Deliza Henny

Keyword(s):

Cash Flow ◽

Stock Exchange ◽

Total Sample ◽

Free Cash Flow ◽

Profit Margin ◽

Cash Dividend ◽

Current Ratio ◽

Net Profit ◽

Equity Ratio ◽

Positive Effect

<p><em>Cash dividend is one form of return expected by shareholders. But on the other side, cash dividend is an expense for the company. This conflict of interest is a factor affecting the company in determine the amount of cash dividends. So, the researcher conducting research which aims to test and analyze the influence of Current Ratio, Net Profit Margin, Debt to Equity Ratio, EPS, Free Cash Flow, and Previous Year Dividend to Cash Dividend paid by company. The sample used in this reasearch is manufacturing company listed on the Indonesia Stock Exchange (BEI) in 2014 to 2016. After sampling the results showed there are 17 companies that can be sampled with a period of three years. So the total sample in this research are 51 samples. The result of this research shows that (1) Current Ratio has positive effect to Cash Dividend, (2) Net Profit Margin has no effect to Cash Dividend, (3) Debt to Equity Ratio has no effect to Cash Dividend, (4) EPS has positive effect to Cash Dividend , (5) Free Cash Flow has no effect to Cash Dividend, (6) Previous Year Dividend has no effect to Cash Dividend.</em></p>

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Analisis Pengaruh Diversitas Gender, Kepemilikan Institusional, dan Ukuran Perusahaan terhadap Kinerja Keuangan

Jurnal Keuangan dan Bisnis ◽

10.32524/jkb.v16i1.363 ◽

2018 ◽

Vol 16 (1) ◽

pp. 64 ◽

Cited By ~ 1

Author(s):

Dewi Sri ◽

Lisaime .

Keyword(s):

Financial Performance ◽

Board Of Directors ◽

Firm Size ◽

Sampling Method ◽

Stock Exchange ◽

Gender Diversity ◽

Institutional Ownership ◽

Manufacturing Companies ◽

The Board Of Directors ◽

Positive Effect

Research on the analysis of the effect of gender diversity, institutional ownership, and firm size on financial performance using the population of manufacturing companies listed on the Indonesia Stock Exchange (IDX). Sampling was done by purposive sampling method as many as 65 companies. This study wants to see the effect of gender diversity, institutional ownership, and firm size on financial performance. Based on the results of testing the hypothesis obtained that Ha is accepted, namely institutional ownership has a positive effect on financial performance. While the hypothesis for the gender of the board of directors, the gender of the board of directors and the size of the company shows that H0 is accepted, namely the gender of the board of directors, the gender of the board of directors, and the size of the company does not have a positive effect on financial performance

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Analisis Faktor yang Mempengaruhi Earning Management di Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di BEI Tahun 2015-2019

Horizon ◽

10.22202/horizon.v1i4.4945 ◽

2021 ◽

Vol 1 (4) ◽

pp. 733-747

Author(s):

Geni Ramadhani ◽

Citra Ramayani ◽

Nilmadesri Rosya

Keyword(s):

Earnings Management ◽

Cash Flow ◽

Firm Size ◽

Consumer Goods ◽

Stock Exchange ◽

Free Cash Flow ◽

Managerial Ownership ◽

Company Size ◽

Manufacturing Companies ◽

Consumer Goods Industry

This study aims to analyze: The effect of profitability, leverage, company size, managerial ownership, free cash flow on earnings management in manufacturing companies in the consumer goods industry listed on the IDX in 2015-2019. Earnings management is measured by discretionary accruals with the modified Jones model. The population in this study were all manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange with a sample size of 13 companies. The data used in this study are data on manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange in 2015-2019 using panel data regression. The results of this study indicate that profitability has no significant effect on earnings management. Leverage has a significant effect on earnings management. Firm size has no significant effect on earnings management. Managerial ownership has a significant effect on earnings management. Free cash flow has no significant effect on earnings management. Profitability, leverage, firm size, managerial ownership, free cash flow simultaneously have a significant effect on earnings management.Keywords: Profitability, Leverage, Company Size, Managerial Ownership, Free Cash Flow and Earnings Management

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Determinants of Dividend Policy

Jurnal Ilmu Manajemen Advantage ◽

10.30741/adv.v4i1.592 ◽

2020 ◽

Vol 4 (1) ◽

pp. 1-5

Author(s):

Ratna Wijayanti Daniar Paramita

Keyword(s):

Cash Flow ◽

Dividend Policy ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Sampling Technique ◽

Multiple Linear Regression Analysis ◽

Free Cash Flow ◽

Manufacturing Companies ◽

Analysis Technique ◽

Positive Effect

This study aims to analyze the influence of Free Cash Flow, Profitability, Liquidity and Leverage on Dividend Policy. This research was conducted at manufacturing companies listed on the Indonesian Stock Exchange in the Consumer Goods Industry sector in the 2015-2018 period. The data analysis technique used multiple linear regression analysis. This study used purposive sampling technique to obtain samples according to the specified criteria. The number of companies based on the criteria in the study were 13 companies. The results of this research are free cash flow, liquidity, and leverage have no significant effect on dividend policy, while profitability has a significant positive effect on dividend policy.

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Ukuran Perusahaan Memoderasi Pengaruh Profitabilitas, Free Cash Flow, dan Likuiditas pada Kebijakan Dividen

E-Jurnal Akuntansi ◽

10.24843/eja.2020.v30.i04.p19 ◽

2020 ◽

Vol 30 (4) ◽

pp. 1034

Author(s):

Made Dita Wahyuni ◽

I Dewa Nyoman Badera

Keyword(s):

Regression Analysis ◽

Cash Flow ◽

Firm Size ◽

Research Method ◽

Dividend Policy ◽

Stock Exchange ◽

Free Cash Flow ◽

Analysis Technique ◽

Retained Earnings ◽

Positive Effect

Dividend policy is the company's decision to determine whether profits derived by the company will be distributed to shareholders in the form of dividends or will be used as retained earnings. Companies must pay attention to factors in determining dividend policy. This study aims to analyze the iinfluence of the effect of profitability, free cash flow, and liquidity on dividend policy with firm size as a moderating variable. This research was conducted at infrastructure, utilities, and transportation companies listed on the Indonesia Stock Exchange in 2016-2018. The sample research method used was purposive sampling. The data analysis technique used is Moderated Regression Analysis. Based on the results of the study, it is known that profitability and firm size do not affect dividend policy, meanwile free cash flow and liquidity have a positive effect on dividend policy. This study also found that firm size can strengthen the effect of profitability, free cash flow, and liquidity on dividend policy. Keywords: Profitability; Free Cash Flow; Liquidity; Dividend Policy; Firm Size.

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