scholarly journals PENGARUH PROFITABILITAS, LIKUIDITAS, HUTANG DAN UKURAN PERUSAHAAN TERHADAP DIVIDEND PAYOUT RATIO

2021 ◽  
Vol 17 (1) ◽  
Author(s):  
Regina Fricilya D. Yasmin ◽  
Gendro Wiyono ◽  
Ratih Kusumawardhani
Keyword(s):  
Time Series ◽  
Panel Data ◽  
Cash Flow ◽  
Firm Size ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Time Series Regression ◽  
Dividend Payout ◽  
Independent Variables ◽  
Industry Sector

The aim of this paper was to examined the influence of profitability, cash flow, liquidity, leverage and firm size towards dividend payout ratio. The sample includes 11 manufactur companis in consumer goods industry sector listed in Inodnesia Stock Exchange (IDX) on the year period 2016-2019. We use time series regression (panel data) to test the hypothesis of this study. The results shows that independent variables of profitability, liquidity, and leverage have positive and significant impact in dividend payout ratio; whereas, the independent variables of cash flow and firm size have negative and significant impact on dividend payout ratio.Kata Kunci : Dividend Payout Ratio, Profitabilitas, Likuiditas, Hutang, Ukuran Perusahaan

scholarly journals THE EFFECTS OF LIFE CYCLE AND FREE CASH FLOW ON DIVIDEND OF AGRICULTURAL COMPANIES THAT LISTED IN INDONESIA STOCK EXCHANGE

2020 ◽  
Vol 9 (2) ◽  
pp. 121
Author(s):  
Helma Malini ◽  
Venu Fitratama
Keyword(s):  
Life Cycle ◽  
Cash Flow ◽  
Firm Size ◽  
Negative Impact ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Investment Opportunity ◽  
Dividend Payout ◽  
Independent Variables ◽  
Investment Opportunity Set

Company decision to give profits to their investors is based on several reasons including internal policy from the company. Therefore, this study discusses the effects of life cycle and free cash flow on dividend of agricultural companies that listed in Indonesia stock exchange. Independent variables; used are free cash flow, life cycle, firm size, leverage, assets growth, and investment opportunity set. The population in this study is Agricultural company listed on Indonesia Stock Exchange (BEI) in the period of 2015 - 2018. The sample collected using purposive sampling methods. Total of 21 companies were determined as samples. The method of analysis in this study is panel data regression with basis on fixed effect model. The result of this study indicate that the independent variables of free cashflow, life cycle, firm size, leverage, and investment opportunity set have positive impact toward dividend payout ratio while assets growth has negative impact on dividend payout ratio. The result of determination coefficient shows that the independent variables give affect 63.69% against dependent variable.Keywords: Free cash flow, Life cycle, Firm size, Leverage, Assets growth, Investment opportunity set, Dividend payout ratio, Dividend policy

scholarly journals Faktor–faktor yang Mempengaruhi Dividend Perusahaan Sektor Manufaktur yang Terdaftar di Bursa Efek Indonesia dan Bursa Malaysia

2020 ◽  
Vol 1 (1) ◽  
pp. 43-55
Author(s):  
Fellicia Hadi Seputro ◽  
Werner Ria Murhadi ◽  
Arif Herlambang
Keyword(s):  
Life Cycle ◽  
Firm Size ◽  
Executive Director ◽  
Stock Exchange ◽  
Manufacturing Sector ◽  
Life Cycle Stage ◽  
Total Asset ◽  
Executive Directors ◽  
Dividend Payout ◽  
Independent Variables

This study aims to investigate the determinants of firms dividend payout ratio, such as life cycle stage, independent non-executive director, risk, firm size, market-to-book ratio, cash to total asset, and leverage of manufacturing sector companies listed in the Indonesia Stock Exchange and Malaysia Stock Exchange in 2014-2018. This study uses the quantitative approach and multiple linear regression to analyze the data. The object of this research are 295 year observations in Indonesia Stock Exchange and 600 year observations in Malaysia Stock Exchange. The Independent variables used in this study are life cycle stage and independent non-executive directors. While the control variables are risk, firm size, market-to-book ratio, cash to total asset and leverage. The study finds that in manufacturing sector companies listed in the Indonesia Stock Exchange, life cycle stage, independent non-executive director, firm size and market-to-book ratio affect dividend payout ratio positively. On the other hand, leverage affect dividend payout ratio negatively. While risk and cash to total asset has no significant effect on dividend payout ratio. Meanwhile in manufacturing sector companies listed in the Malaysia Stock Exchange, the study finds that life cycle stage, independent non-executive director, firm size, market-to-book ratio and cash to asset affect dividend payout ratio positively. While risk and leverage affect dividend payout ratio negatively.      Keywords: dividend policy, life cycle stage, independent non-executive director

scholarly journals PENGARUH FIRM SIZE, LEVERAGE DAN PROFITABILITY TERHADAP ECONOMIC VALUE ADDED (EVA) PADA EMITEN MANUFAKTUR DI BURSA EFEK INDONESIA

2019 ◽  
Vol 7 (2) ◽  
pp. 33-46
Author(s):  
Maharani Rahma
Keyword(s):  
Panel Data ◽  
Firm Size ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Generalized Least Squares ◽  
Total Asset ◽  
Economic Value Added ◽  
Return On Equity ◽  
Independent Variables

The purpose of this research is to analyze the effect of the Firm Size, Leverage and Profitability Tto Economic Value Added on emiten manufactur in Indonesia Stock Exchange. The selected independent variables in this study are Total Asset, Debt to Equity Ratio (DER) and Return on Equity (ROE) and the dependent varable is Economic Value Added (EVA). This research was conducted on manufactur listed issuers in Indonesia Stock Exchange in 2010-2014 period. Research carried out by using 59 sampels based on stratefied random sampling method. Panel Data Regression Models with Generalized Least Squares (GLS) method is used to data analysis and hipothesis testing. The results of this research and hypothesis testing indicate that: (1) Partially,Total Assets,ROE have a possitively relationships with significantly affect to the EVA and DER have a possitvely relationships with not significantly affect to the EVA.(2) Total Asset, DER and Profitability simultaneously have possitively relationship with  significantly affect to the EVA. (3) model in this study showed a weak pattern relationships between the dependent variable with the independent variables. Keywords : Firm Size, Leverage, Profitability, Economic Value Added, panel data

scholarly journals The Effect of Current Ratio, Debt to Equity Ratio and Return in The Consumer Goods Industry Sector Listed in Indonesia Stock Exchange 2012-2017

2019 ◽  
Vol 2 (3) ◽  
Author(s):  
Yusi Amelia ◽  
Rina Y Asmara
Keyword(s):  
Consumer Goods ◽  
Regression Coefficient ◽  
Stock Exchange ◽  
Current Ratio ◽  
Dividend Payout ◽  
Return On Equity ◽  
Industry Sector ◽  
Negative Effect ◽  
Equity Ratio ◽  
Consumer Goods Industry

This study aims to analyze the effect of current ratio (CR), debt to equity ratio (DER), and return on equity ratio (ROE) on dividend payout ratio (DPR) in the consumer goods industry sector listed in Indonesia Stock Exchange period of 2012-2017. The sample selection in this study using purposive sampling method and got 13 companies that match the criteria. From result of research got value of adjusted R-Square equal to 62.64%. It indicated that return on equity has a significant negative effect on dividend payout ratio with regression coefficient equal to -1.070932. However, the result of current ratio has insignificant negative effect on the dividend payout ratio with regression coefficient of -2.462612 and debt to equity ratio has insignificant positive effect on the dividend payout ratio with regression coefficient of 0.012540.

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 FAKTOR – FAKTOR YANG BERPENGARUH TERHADAP DIVIDEN PAYOUT RATIO

2021 ◽  
Vol 4 (2) ◽  
Author(s):  
Yulia Isnaini Putri ◽  
Yuli Chomsatu Samrotun ◽  
Riana R Dewi
Keyword(s):  
Sampling Method ◽  
Stock Exchange ◽  
Sampling Technique ◽  
Total Sample ◽  
Manufacturing Companies ◽  
Dividend Payout ◽  
Independent Variables ◽  
Industry Sector ◽  
Earnings Per Share ◽  
Industry Sectors

This study aims to examine and analyze the factors that influence the dividend payout ratio in manufacturing companies in various industry sectors and the basic & chemical industry sector. The population of this research is 17 manufacturing companies in various industry sectors which are listed on the Indonesia Stock Exchange in the period of 2016-2018. With a total sample of 51 and this sampling technique uses a purposive sampling method. Testing the hypothesis of this study using multiple linear regression. The independent variables in this study are profitability (ROA), liquidity (CR), leverage (DER) and earnings per share (EPS). Whereas the dependent variable is the dividend payout ratio (DPR). The results of this study indicate that profitability (ROA), liquidity (CR) and earnings per share (EPS) affect the dividend payout ratio, laverage (DER) does not affect the dividend payout ratio.

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 PENGARUH EARNING PER SHARE DAN CASH RATIO TERHADAP DIVIDEN PAYOUT RATIO DENGAN ASSET GROWTH SEBAGAI VARIABEL MODERASI PADA SEKTOR INDUSTRI BARANG KONSUMSI DI BEI PERIODE 2009-2012

2016 ◽  
Vol 3 (3) ◽  
Author(s):  
Muhammad Hidayat
Keyword(s):  
Regression Analysis ◽  
Linear Regression ◽  
Hypothesis Testing ◽  
Consumer Goods ◽  
Stock Exchange ◽  
Secondary Data ◽  
Dividend Payout ◽  
Industry Sector ◽  
Asset Growth ◽  
Level Of Significance

This study is performed to examine the effect of Earning Per Share and Cash Ratio toward Dividend Payout Ratio with Asset Growth as a moderating variabel on companies which were consumer goods industry sector  listed in Indonesia Stock Exchange over period 2009-2012.Population of this research were 33 companies. Sample selected by using method of purposive sampling were 15 companies. The data research is secondary data obtained from the Indonesian Stock Exchange (www. idx.co.id). Hypothesis testing studies used linear regression analisys and moderated regression analysis, with application tool of SPSS (Statistical Product and Service Solutions).From the analysis result indicates that Earning Per Share variable partially significant positive toward Dividend Payout Ratio on the level of significance less than 5%, while it indicates that Cash Ratio variable not significant positive toward Dividen Payout Ratio. Asset Growth is not able to significantly moderate the effect of Earning Per Share on the Dividend Payout Ratio, Asset Growth is not able to significantly moderate the effect of Cash Ratio on the Dividend Payout Ratio. 

scholarly journals IMPACT ON PROFIT, CASH FLOW, COMPANY SIZE AND FINANCIAL DISTRESS

2020 ◽  
Vol 4 (1) ◽  
pp. 21-26
Author(s):  
Liza Zuhrianto ◽  
Sri Mulyani ◽  
Ratna Wijayanti Daniar Paramita
Keyword(s):  
Cash Flow ◽  
Consumer Goods ◽  
Financial Distress ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Sampling Technique ◽  
Manufacturing Companies ◽  
Industry Sector ◽  
Consumer Goods Industry

The purpose of this study was to determine the effect of earnings, cash flow, and firm size on the financial distress of manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange in 2016-2018. This type of research is quantitative research. The type of data in this study is secondary data. Data analysis techniques used multiple linear regression analysis. This study uses a purposive sampling technique to get samples according to specified criteria. The number of samples selected based on the criteria in this study is 32 companies with a population of 38 manufacturing companies in the consumer goods industry sector, which are listed on the Indonesia Stock Exchange in 2016-2018. The results showed that profits measured using a return on assets affect financial distress

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.

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