PENGARUH FREE CASH FLOW, RETURN ON ASSETS, TOTAL ASSETS TURNOVER DAN SALES GROWTH TERHADAP DIVIDEND PAYOUT RATIO (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012)
ABSTRACT: The purpose of this
study is to know the effect of Free Cash
Flow, Return On Assets, Total Assets Turnover, and Sales Growth on Manufacture
Firm Dividend Payout Ratio Listed in Indonesia Stock Exchange Period 2008 -
2012. The sample of several companies on Manufacturer Firm listed on
Indonesia Stock Exchange. The research
model in this
study using panel
data analysis (unbalanced panel)
with fixed effect approach. The empirical results show that ROA have
positive and significant
eff ect on DPR.
As for, free
cash flow, and TATO have negative significant effect on
DPR, but sales growth have negative and not significant effect on DPR.
Simultaneous test showed that free cash
flow, return on assets,
total assets turnover,
and sales growth
significant effect on dividend payout ratio.
Keywords: Free Cash
Flow, Return On
Assets, Total Assets
Turnover, Sales Growth, Dividend
Payout Ratio
Penulis: Umi Mardiyati, Destyarsah
Nusrati, Hamidah
Kode Jurnal: jpmanajemendd140818
