ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DEVIDEN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2013-2015

Ovita, Tari (2019) ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DEVIDEN (STUDI EMPIRIS PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI PERIODE 2013-2015. Other thesis, Universitas :Lancang Kuning.

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Abstract

In manufacture companies that is listed in Indonesia Stock Exchange over period 2013-2015 differ from year previous, this matter is caused by got the fact that many company doesn't distribute dividend continually, besides dividend that distributed during period is fluctuation. Come from phenomenon and contradiction theory that unfolded on so researcher interested to analyze about dividend policy. This study is performed to examine the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Growth, Collateralizable Assets (COL) and Return on Equity (ROE) toward Dividend Payout Ratio (DPR) in manufacture companies that is listed in Indonesian Stock Exchange over period 2013-2015. The population of this research is 138 manufacture companies that listed in Indonesian Stock Exchange period 2013-2015. Sampling technique used here is method of purposive sampling. The data is obtained from Indonesia Stock Exchange (IDX) 2013-2015 publication. It is gained sample amount of 20 manufacture companies from 138 manufacture companies those are listed in Indonesian Stock Exchange. The analysis technique used here is multiple regression with the least square difference and hypothesis test using F-statistic to examine the mean of mutual effect with level of significance 5% and t-statistic to examine partial regression coefficient. In the classical assumption test results showed that there were no deviations classical assumptions, it means that available data was conform with criterias of multiple regression analysis. Regression equation is DPR = 0,603 – 0,032 CR - 0,162 DER – 0,188 Growth + 0,009 COL + 0,480 ROE. From the results partially that the CR variable does not significantly influence the DPR. DER has no significant effect on the DPR. GROWTH has no significant effect on the DPR. COL does not have a significant effect on the DPR. ROE has a significant effect on the DPR. In the other hand, the result of regression estimation of 5 independent variables on DPR shows the prediction ability 21,2% as indicated by adjust R square that is 21,2% while the rest 78,8% is affected from other factors outside of this model. Keyword : Current Ratio (CR), Debt to Equity Ratio (DER), Growth, Collateralizable Assets (COL), Return on Equity (ROE), Dividend Payout Ratio (DPR).

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