PENGARUH PROFITABILITAS, FIRM SIZE, MTBV, ARUS KAS DAN PERTUMBUHAN PENJUALAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN SEKTOR KEUANGAN DI BURSA EFEK INDONESIA

Abstract:  This  research  aimed  to  examine  the  influence  of profitability,  firm  size,  MTBV,  cash  flow  and  sales  growth  toward dividend  policy  on  the  fnancial  sector  in  the  Indonesia  Stock Exchange in period 2008-2012.  The research sample consisted of 16 financial  sector  companies.  The  sampling  method  using  purposive sampling  technique.  Techniques  of  data  analysis  in  this  research uses  multiple  linier  regression  analysis  and  hypothesis  testing performed  using  the  F  test  and  t  test.  The  result  showed  that  the variables  of  profitability,  MTBV,  and  sales  growth  no  effect  on dividend  policy.  While  the  variables  firm  size  and  cash  flow  had  a negative  effect  on  dividend  policy.  The  value  of  Adjusted  R  Square explains that the regression model is ability of profitability, firm size, MTBV, cash flow and sales growth in explaining the dividend policy of 13,2% and the remaining 86,8% is explained by other variables.
Keywords:  dividend policy, profitability, firm size, MTBV, cash flow, and sales growth
Penulis: HIDAYATUL ILMIAH, NADIA ASANDIMITRA
Kode Jurnal: jpmanajemendd141010

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