scholarly journals THE EFFECT OF CURRENT RATIO, AND GROWTH ASSETS ON DIVIDEND POLICY

2020 ◽  
pp. 133-141
Author(s):  
Garin Pratiwi Solihati,S
Keyword(s):  
Real Estate ◽  
Quantitative Research ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Sample Selection ◽  
Current Ratio ◽  
Dividend Payout ◽  
Independent Variables ◽  
Asset Growth ◽  
The Relationship

This study aims to determine and analyze the effect of the current ratio and growth assets on dividend policy partially and simultaneously. By testing the independent variables one by one dependent and jointly testing all independent variables. This type of research used quantitative research. The objects of this study are all Property, Real Estate and Buillding companies listed on the Indonesia Stock Exchange (IDX) in the 2015-2017 period. This research was conducted on 19 companies, the sample selection method used was purposive sampling method. The data analysis method used in this study is multiple linear regression, which is an analysis of the relationship between one dependent variable with two or more independent variables. The results of this study indicate that partially and simultaneously the Current Ratio has a positive and significant effect on Dividend Payout Ratio, and Growth Asset has a negative and not significant effect on Dividend Payout Ratio. KEYWORDS : Current Ratio, Asset Growth, Dividend, Property company, Real Estate dan Buillding

Kebijakan Pembagian Dividen Perusahaan BUMN Indonesia Periode 2011-2016

2018 ◽  
Vol 17 (1) ◽  
pp. 65
Author(s):  
Siti Nurainul Jannah
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Secondary Data ◽  
Multiple Linear Regression Analysis ◽  
Payout Policy ◽  
Company Size ◽  
Dividend Payout ◽  
Independent Variables ◽  
Asset Growth

The purpose of this study is to analyze the factors that influence the dividend payout policy on BUMN companies listed in Indonesia Stock Exchange period 2011-2016. The independent variables used in this research are profitability, liquidity, asset growth, and company size. The method used is the method of quantitative research and the object of research is a state-owned company listed on the Indonesia Stock Exchange. The data used in this study was secondary data in the form of financial statements obtained by data collection techniques using documentation method. The sample used in this research is twelve companies using purposive sampling method. The technique of data analysis using was multiple linear regression analysis using SPSS test tool. The results showed that all independent variables together positive effect on dividend policy. While the t-test results show that only Profitability variables that have a positive and significant influence toward the dividend payout policy. The independent variables liquidity, asset growth, and company size have a positive and insignificant effect on dividend policy. The dividend payout policy is one of the main concerns of the stakeholders. However, this study uses only four independent variables to analyze the factors that influence the dependent variable. The magnitude of influence of all independent variables in this study only 33% and the rest much influenced by other variables outside in this study. Keywords: dividend payout policy, profitability, liquidity, asset growth, company size

Analisis Faktor-Faktor Yang Mempengaruhi Dividend Payout Ratio Pada Saham Consumer Good Industry Yang Tercatat Di Bursa Efek Indonesia

2019 ◽  
Vol 14 (1) ◽  
Author(s):  
Beta Asteria ◽  
Dyah Ayu Widiastuti
Keyword(s):  
Dividend Policy ◽  
Stock Exchange ◽  
Consumer Good ◽  
Profit Sharing ◽  
Consumer Good Industry ◽  
Return On Assets ◽  
Current Ratio ◽  
Good Industry ◽  
Dividend Payout ◽  
Independent Variables

Determination of dividend policy related to profit sharing decisions obtained by the company. Management will make a decision whether management will share profits with shareholders as dividends or retain profits for investment funding to be made in the future. Dividend policy is important to study because it has an impact on company value reflected in stock prices. This study aims to analyze the effect of Return on Assets (ROA), Debt to Equity (DER) and Current Ratio (CR) to Dividend Payout Ratio in Consumer Good Industry stocks listed on the Indonesia Stock Exchange in 2014-2017. The sampling technique in this study is Purposive Sampling. Of the 49 Consumer Good Industry shares, only 8 were included in the criteria for the study sample from 2014-2017, so the number of research samples was 36. The regression analysis method was used in this study, namely 1. T test to examine the effect of independent variables on the dependent variable Partial; and 2. F test to examine the effect of independent variables on the dependent variable simultaneously. The results of the study prove that Return on Assets (ROA) has a significant effect on Dividend Payout Ratio in Consumer Good Industry shares listed on the Indonesia Stock Exchange in 2014-2017. Whereas Debt to Equity (DER) and Current Ratio (CR) were not proven to influence partially to the Dividend Payout Ratio in Consumer Good Industry shares listed on the Indonesia Stock Exchange in 2014-2017. As well as the results of the study prove that Return on Assets (ROA), Debt to Equity (DER) and Current Ratio (CR) simultaneously have a significant effect on Dividend Payout Ratio (DER) in Consumer Good Industry shares listed on the Indonesia Stock Exchange in 2014- 2017.

scholarly journals Pengaruh Current Ratio, Debt to Equity Ratio, Dan Return on Assets terhadap Kebijakan Deviden pada Perusahaan Property dan Real Estate yang Terdaftar di Bursa Efek Indonesia

2020 ◽  
Vol 4 (1) ◽  
pp. 82-89
Author(s):  
Enda Noviyanti Simorangkir ◽  
Teguh Hakim Prajoggi ◽  
Enzelina Enzelina ◽  
Edo Hasugian ◽  
Desy Desy
Keyword(s):  
Real Estate ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Sampling Technique ◽  
Coefficient Of Determination ◽  
Return On Assets ◽  
Current Ratio ◽  
Dividend Payout ◽  
Equity Ratio

In investing capital an investor needs a company's financial statements that will help in making investment decisions. This study aims to analyze and test the effect of the current ratio, debt to equity ratio, return on assets on dividend payout ratios in property and real estate companies listed on the Indonesia Stock Exchange (IDX) for the 2015-2017 period. The research method in this study uses a quantitative approach. There were 46 companies that were used as populations in this study and by using a purposive sampling technique 13 samples were also obtained. The data analysis testing method used is multiple linear regression analysis using the classic assumption test. The results of this study show that the current ratio, debt to equity ratio, and return on assets have a simultaneous effect on dividend policy on property and real estate companies listed on the IDX for the 2015-2017 period with a Fcount value of 4.309> Ftable of 2, 87. Partially the debt to equity ratio, return on assets has no effect on dividend policy while the current ratio partially has a positive effect on dividend policy. The results of the analysis of the coefficient of determination show the Adjusted R2 value of 0.207, meaning that the variation in the variable dividend payout ratio can be explained by variations in the current ratio variable, debt to equity ratio and return on assets by 20.7% while the remaining 70.3%, is described by other variables outside research. Keywords: Current Ratio (CR), Debt to Equity Ratio (DER), Return on Assets (ROA) and dividend policy

scholarly journals PENGARUH PENERBITAN SUKUK TERHADAP REAKSI PASAR (SURVEY TERHADAP PERUSAHAAN-PERUSAHAAN YANG MENERBITKAN OBLIGASI SYARIAH YANG TERDAFTAR DIBURSA EFEK INDONESIA SELAMA TAHUN 2015)

2019 ◽  
Vol 4 (3) ◽  
pp. 496-503
Author(s):  
Mulya Iskandar ◽  
Ridwan Ridwan
Keyword(s):  
Stock Returns ◽  
Abnormal Return ◽  
Research Method ◽  
Quantitative Research ◽  
Stock Exchange ◽  
Secondary Data ◽  
Cumulative Abnormal Return ◽  
Market Reactions ◽  
Independent Variables ◽  
The Relationship

This study aims to determine how the influence of a sukuk instrument issuance on market reactions listed on the Indonesia Stock Exchange (IDX) during 2015. The research method used in this study is quantitative research. Quantitative research contains a relationship between cause and effect. The type of data used is secondary data, data collection used by the author is to know the relationship between two or more variables. The object to be examined in this study is the total value and rating of the issuance of Islamic bonds (sukuk) companies as independent variables and cumulative abnormal return shares of companies that issue Islamic bonds (sukuk) listed on the Indonesia Stock Exchange in 2015. The results of this study indicate the value of sukuk bond issuance and sukuk bond issuance ratings jointly affect stock returns. The value of issuing sukuk bonds partially affects stock returns and the rating of bond issuance has an effect on return.

scholarly journals Fundamental factors influencing returns of shares listed on the Johannesburg Stock Exchange in South Africa

2017 ◽  
Vol 9 (2) ◽  
pp. 426-435
Author(s):  
Marise Vermeulen
Keyword(s):  
Stock Exchange ◽  
Dividend Payout ◽  
Return On Equity ◽  
Explanatory Variables ◽  
Johannesburg Stock Exchange ◽  
Earnings Per Share ◽  
Asset Growth ◽  
Book To Market Ratio ◽  
The Impact ◽  
The Relationship

This study investigated the relationship between share returns and nine variables that had been proven to influence returns in previous research, using a multiple regression analysis. These variables are size, leverage, book-to-market ratio, earnings yield, dividend payout, earnings growth, return on equity, earnings per share and asset growth. The impact of some of the variables on share returns proved to be insignificant, and some collinearity was identified between some of the variables. However, three significant variables were identified and the final regression model included the book-to-market ratio, dividend payout and leverage as the explanatory variables.

scholarly journals THE EFFECT OF DEBT TO EQUITY RATIO (DER), CURRENT RATIO (CR), AND GROWTH ASSETS ON DIVIDEND POLICY IN CONSUMER GOODS MANUFACTURING COMPANIES WHICH IS LISTED IN THE STOCK EXCHANGE INDONESIA 2015-2017 PERIOD

ACCRUALS ◽  
2020 ◽  
Vol 4 (02) ◽  
pp. 175-184
Author(s):  
Jasinta Mustika Sianipar
Keyword(s):  
Consumer Goods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Positive Influence ◽  
Manufacturing Companies ◽  
Current Ratio ◽  
Regression Methods ◽  
Equity Ratio ◽  
Asset Growth ◽  
Quantitative Descriptive

The existence of this study is to determine the effect of DER, CR, and AG on the consumer goods sector dividend policy contained on the IDX. Research is classified as a quantitative approach, the type of research used is quantitative descriptive and its nature is based on the level of explanation. The population is 50 companies and the sample is 19 companies. Data collection techniques are documentation and sources of IDX financial statements. This research is tested using multiple linear regression methods before testing the hypothesis the data will be tested using the classic assumption test. The conclusions obtained in the study showed that simultaneously DER, CR, and AG had a positive influence on dividend policy. Partially, DER has a positive and significant impact on dividend policy with a value of 2,792> 1.67412 and 0.008 <0.05. CR positive and significant effect on dividend policy 2,780> 1.67412 and 0.008 <0.05. AG negative and insignificant effect 2.780> 1.67412 and significant value 0.436> 0.05.Keywords: Debt To Equity Ratio (Der), Current Ratio (Cr), And Asset Growth (AG) Against Dividend Policy

scholarly journals The Effect of Profitability, Liquidity, and Capital Structure on Firm Value with Dividend Policy as a Moderating Variable in the Company Mining Listed on the Indonesia Stock Exchange

2021 ◽  
Vol 8 (12) ◽  
pp. 328-337
Author(s):  
Emelia Febrinawaty Cordiaz ◽  
Erlina . ◽  
Chandra Situmeang
Keyword(s):  
Capital Structure ◽  
Firm Value ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Analytical Technique ◽  
Independent Variables ◽  
Mining Companies ◽  
Policy Variable ◽  
Negative Effect ◽  
The Relationship

The purpose of this study is to examine and analyze the effect of profitability, liquidity, and capital structure on firm value in mining companies listed on the Indonesia Stock Exchange and to test whether dividend policy can moderate the relationship between the independent variables and the dependent variable. The population of this study is all mining companies listed on the Indonesia Stock Exchange from 2011 to 2019. The research sample was determined by the purposive sampling method, so a sample of 11 companies was multiplied by 9 years of research to obtain 99 observations. The analytical technique used in this study is moderating regression analysis (MRA) with Eviews 10 software tools. This study partially shows that profitability has a positive effect on firm value, liquidity has a negative effect on firm value, and capital structure has a negative effect on firm value. All of these independent variables together affect firm value. The dividend policy variable moderates the relationship between profitability and firm value but does not moderate the relationship between liquidity and capital structure on firm value. Keywords: profitability, liquidity, capital structure, dividend policy, firm value.

scholarly journals Pengaruh Asset Growth, Sales Growth, Net Profit Margin, Current Ratio dan Debt To Equity Ratio terhadap Dividend Payout Ratio pada Perusahaan yang Termasuk dalam Indeks Lq 45 Tahun 2013 – 2016

2018 ◽  
Vol 3 (1) ◽  
pp. 12
Author(s):  
Mufidah Mufidah
Keyword(s):  
Profit Margin ◽  
Sales Growth ◽  
Current Ratio ◽  
Dividend Payout ◽  
Independent Variables ◽  
Net Profit ◽  
Negative Effect ◽  
Equity Ratio ◽  
Asset Growth ◽  
Positive Effect

This research aimed to examine  theinfluence of Asset Growth, Sales Growth, Net Profit Margin , Current Ratio , debt to equity ratio on dividend payout ratio of the Company listed in indeks LQ 45 . The data used in this research is 16 companies for the period of 2013 – 2016 . The method of data analysis uses multiple linear regression. The result indicates that simultaneously the variable of Asset Growth, Sales Growth , Net Profit Margin, Current Ratio, debt to equity ratio significant affect divident payout ratio. These independent variables are able to explain the effect dividend payout ratio amount of 83,7 % while the remains 16,3 % is determined by other factors. Partially all of the variables  affect dividend payout ratio except of the variable of net profit margin. Sales growth had positive effect on dividend payout ratio . Beside that aset growth, current ratio and debt to equity ratio have  a negative effect on dividend payout ratio. Keywords: dividend payout ratio ,Sales Growth

scholarly journals Pengaruh Likuiditas, Profitabilitas, Leverage, dan Market Ratio terhadap Dividend Payout Ratio pada Perusahaan Manufaktur

2017 ◽  
Vol 12 (1) ◽  
pp. 17
Author(s):  
Erna Puspita
Keyword(s):  
Quantitative Research ◽  
Dividend Policy ◽  
Secondary Data ◽  
Cash Dividend ◽  
Financial Policies ◽  
Dividend Payout ◽  
Return On Equity ◽  
Independent Variables ◽  
Equity Ratio ◽  
Retained Earnings

Dividend policy is concerned with financial policies regarding what amount cash dividend paid to shareholders and re-invested as retained earnings. The recent research aimed to test empirically various factors is considered to affect dividend policy. The independent variables in his research included Current Ratio (CR), Return on Equity (ROE), Debt to Equity Ratio (DER), and Earning Per Share (EPS). Meanwhile, the dependent variable was Dividend Payout Ratio (DPR). Quantitative research was used as the research design and the data was secondary data. Furthermore, purposive sampling was selected to get the sample. The result was 14 companies that pay dividend continuously during this research conducted on 2012 - 2014 were selected as the sample of this research. Multiple linier regression was used to analyze the data. The results showed that ROE and EPS has a contribution to the DPR, and then CR and DER has no contribution to the DPR.

scholarly journals The Determinant On Earnings Persistence In Automotive Companies In Indonesia

Riset ◽  
2020 ◽  
Vol 2 (1) ◽  
pp. 252-263
Author(s):  
Adibah Yahya ◽  
Saepul Hidayat
Keyword(s):  
Stock Exchange ◽  
Sample Selection ◽  
Secondary Data ◽  
Financial Ratios ◽  
Coefficient Of Determination ◽  
Earnings Persistence ◽  
Return On Assets ◽  
Current Ratio ◽  
Independent Variables ◽  
Total Debt

The purpose of this study was to determine the effect of the variable Current Ratio, Total Debt To Total Assets, Total Assets Turnover, Return On Assets, on earnings persistence. This study uses secondary data, namely the annual financial statements of automotive companies listed on the Indonesia Stock Exchange in the 2014-2018 period. The sample selection uses a purposive sampling method. The data source is the financial ratios of automotive companies listed on the IDX. Methods of data analysis using the classic assumption test, multiple linear regression, T-test, F-test and the coefficient of determination. The results showed that partial earnings persistence expressed in financial ratios consisting of the Return On Assets (ROA) variable significantly affected earnings persistence, while the Current Ratio (CR), Total Debt To Total Asset (TDTA) and Total Assets Turnover (TATO) has no significant effect on earnings persistence. While the results of the study simultaneously stated in financial ratios consisting of CR, TDTA, TATO, and ROA independent variables stated that together the independent variables had no significant effect on earnings persistence. R Square value of 0.028 can be interpreted that CR, TDTA, TATO and ROA of 2,8% while the remaining 97,2% is influenced by other variables not examined. Keywords: Current Ratio, Total Debt To Total Assets, Total Assets Turnover, Return On Assets, Earnings Persistence

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