ANALISIS FAKTOR – FAKTOR YANG MEMPENGARUHI KEBIJAKAN DIVIDEN (Studi Empiris Perusahaan Manufaktur yang listing di Bursa Efek Indonesia Periode 2008 – 2010)
Abstract: This research was
performed to examine the effect of variable profitability, liquidity, leverage,
growth firms and firm size on dividend policy by manufacturing companies listed
on the Stock Exchange of Indonesia from 2008 to 2010. The variable
profitability as measured by ROA, liquidity as measured by CR, leverage as
measured by DER, growing company as measured by sales growth, firm size
measured with the natural log of total assets and dividend policy with the
House.
The population of this research is 142 manufacturing companies listed on
the Stock Exchange of Indonesia from 2008 to 2010. The sampling technique used
was purposive sampling criteria: (1) manufacturing companies listed on the
Stock Exchange the period 2008 to 2010, (2) companies that have dividend period
from 2008 to 2009, and (3) the company has a complete financial statement data
from 2008 to 2010 . Data obtained from the publication ICMD 2010 and official
website BEI (www.idx.co.id). Obtained a sample of 22 companies. The analysis
technique used is multiple regression.
The results of multiple regression analysis demonstrated that
simultaneous influence of profitability, liquidity, leverage, growth and firm
size on dividend policy has a significant effect. Effect of partial significant
positive effect on the profitability of dividend policy, liquidity and leverage
not significant negative effect on dividend policy, corporate growth is not
significant positive effect on dividend policy and firm size has a significant
negative relationship dividend policy.
Penulis: Budi Hardiatmo,
Daljono
Kode Jurnal: jpakuntansidd131423
