FAKTOR FUNDAMENTAL YANG MEMPENGARUHI PERUBAHAN HARGA SAHAM (Studi Empiris pada Perusahaan Finansial yang Terdaftar Di BEI Tahun 2009 dan 2010)
Abstract: The objective of the
study is to investigate the effect of free cash flow, return on equity, current
ratio, firm size and net profit margin on dividend policy that measured by
dividend payout ratio. The population of this study are all manufacturing
companies listed on the Indonesian Stock Exchange (IDX).The period of this
study are 2008-2011. Based on purposive sampling method, 19 companies were used
on the study. The sample were gathered from annual reports and ICMD. This study
used multiple linear regression as analysis method with 5% significant level.
The results of the study indicate that free cash flow and return on equity have
positive effect on dividend policy, while current ratio, firm size and net
profit margin have no significant effect on dividend policy.
Keywords: Dividend Policy,
dividend payout ratio (DPR), free cash flow (FCF), return on equity (ROE),
current ratio (CR), firm size (FZ) and net profit margin (NPM)
Penulis: Bunga Maharani, Dwi
Ratna Wulandari
Kode Jurnal: jpakuntansidd130787
