Pengaruh fundamental keuangan dan kebijakan investasi perusahaan terhadap dividend payout ratio pada perusahaan manufaktur yang terdaftar di BEJ
The objectives of the research are to analyze financial fundamentals effect and company’s investment policy towards dividend payout ratio. Control variables used in this research are investment, liquidity, profitability and company size. This research is done based on previous research by Anil and K...
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| Format: | Theses and Dissertations NonPeerReviewed |
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[Yogyakarta] : Universitas Gadjah Mada
2009
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| Online Access: | https://repository.ugm.ac.id/83199/ http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=44063 |
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| Institution: | Universitas Gadjah Mada |
| Summary: | The objectives of the research are to analyze financial fundamentals effect and company’s investment policy towards dividend payout ratio. Control variables used in this research are investment, liquidity, profitability and company size. This research is done based on previous research by Anil and Kapoor (2008) who investigated the effect of current and anticipated earning, cash flow, corporate tax and growth towards dividend payout ratio. Samples used in this research are companies which continuously listed in Jakarta Stock Exchange (Bursa Efek Jakarta) in manufacturing sector during 2002 to 2006 periods. Method used in sample collection in this research is purposive sampling. One hundred and thirty two companies regarded fulfill the requirements during observation periods. Research result shows that liquidity has a significantly negative value and company size has a significant and positive value towards dividend payout ratio. Investment doesn’t have any significant effect towards dividend payout ratio, but its relation has a positive direction. Profitability also found no significant effect, but its relation toward dividend payout ratio has a negative direction. |
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