PENGARUH PROFITABILITAS TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR DI INDONESIA
Abstract: Manufacture
industries decline in 2006 was caused by 3 big obstructions, its instability in
macroeconomics, uncertainty policy and corruptions. This condition caused the
payment of dividend manufactures companies decline year to year and some
companies didnt paid the dividend for 3 years respectively. The objective of
this research is to find out and analyzes the influence of Cash Ratio, Net
Profit Margin (NPM), dan Return on Investment (ROI)) to dividend payout ratio
at manufactured industry in Indonesia and which factor will be the most
dominant to Dividend Payout Ratio (DPR). The data used in this research is from
the yearly financial report of the thirty one manufactured industries listed at
the Indonesia Stock Exchange (IDX) at 2001 to 2006. The types of research are
descriptive and quantitative with the explanatory research method. The analysis
of method used in this research is the multiple linear regressions method. The
hypothesize test used the statistical of F-test and the statistical of t-test
with confident interval 95% and level of significant 5%. The statistical of
F-test shows that all independent variables simultaneously influence DPR at the
determinant coefficient (R2) 62,1% its shows that research independent
variables able to explain 37,9% to DPR while the remaining of 56,7% explained
by independent variables that were un-research. The statistical of t-test shows
that only ROI partially influence DPR. Return on Investment is the most
variable that influence DPR.
Penulis: Rini Dwiyani
Hadiwidjaja, Lely Fera Triani
Kode Jurnal: jpmanajemendd090164
