FAKTOR-FAKTOR YANG BERPENGARUH TERHADAP KEBIJAKAN DIVIDEN
Abstract: The Objective of
this research is to analyse the influence of free cash flow, collateral assets,
debt to equity ratio and profitability toward dividend policy in manufacture
companies that is listed in BEI over period 2009-2011. Sampling technique used
here is purposive sampling. The data is obtained based on Indonesian Capital
Market Directory and audited financial reports. It is gained sample amount of
188 observations. Data analysis used descriptive statistics, classical
asumption test, and multiple liniar regression analysis. From the analysis result, it indicates that
debt to equity ratio and profitability variable partially significant toward
dividend policy on the level of significance less than 1 percent, while it
indicates that free cash flow and collateral assets variable partially not
significant toward dividend policy. While simultaneously free cash flow,
collateral assets, debt to equity ratio and profitability proof significantly
influent dividend policy in level less than 1 percent. Predictable of four
variables toward dividend policy is 20,4
percent as indicated by adjusted R square that is 20,4percent while the rest
79,6 percent is affected by other factors which are not included into the study
model.
Penulis: Novia Ayu
Puspitasari, Darsono
Kode Jurnal: jpakuntansidd141051
