PENGARUH ARUS KAS BEBAS, COLLATERALIZABLE ASSETS, DAN KEBIJAKAN UTANG TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN YANG TERDAFTAR DI JAKARTA ISLAMIC INDEX
ABSTRACT: The aim of this
study is to investigate the effect of free cash flow, collateralizable assets,
and debt policy, both simultaneously and partially, to dividend policy on
listed companies at Jakarta Islamic Index for the year 2007-2010. The study
type used is verificative study or hypothesis testing study. By using census
method and unbalanced panel data, there are 91 firm observations fulfilling the
population criteria.
The source of data is secondary data obtained from the capital market reference centre at the Indonesia
Stock Exchange. The multiple regression analysis model is used to test the hypothesis.
The results show that (1) free cash flow, collateralizable assets, and
debt policy simultaneously have influence to dividend policy (2) free cash flow
has positive influence to dividend policy (3) collateralizable assets has
positive influence to dividend policy, and (4) debt policy has negative
influence to dividend policy.
Penulis: Muhammad Arfan, Trilas
Maywindlan
Kode Jurnal: jpakuntansidd130175
