PENGARUH LEVERAGE DAN GROWTH OPPORTUNITIES TERHADAP KEBIJAKAN DEVIDEN PERUSAHAAN MANUFAKTUR YANG GO PUBLIC DI BURSA EFEK INDONESIA PERIODE 2009-2011
ABSTRACT: This study aims to
see the effect of leverage as measured using the debt to total asset of the
company’s and the effect of growth opportunity of company’s as measured by
price earing ratio to company’s devidend policy. This study uses secondary data
by the number of samples used by 35 manufacturing companies listed on the
Indonesia Stock Exchange during the three-year period 2009-2011 and has met
certain criteria.
The result showed that the debt to total asset negatively affect the
devidend policy. This can be explained that the higher debt, it will be able to
increasing the expenses of earning after tax that should be able to be paid for
cash devidend. While the results of subsequent research found that the price
earning ratio aslo has a negative effect on corporate devidend policy. This can
be explained that the bigger chance of company’s growth will make their manager
to buy an investment rather than pay the cash devidend.
Penulis: ALOYSIUS STEVEN
WIBOWOPUTRA
Kode Jurnal: jpmanajemendd130690
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