Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

Sejati, Fajar Rina; Ponto, Sahrul; Prasetianingrum, Septyana; Sumartono, Sumartono; Sumbari, Nona Naomi

doi:10.20473/baki.v5i2.21480

Cited by 16 publications

(23 citation statements)

References 18 publications

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“…Companies that pay dividends will show that the company has reasonable expectations for the future (Adnan et al, 2014). In the context of dividend policy, dividend distribution is a signal for investors, thereby reducing information asymmetry (Sejati et al, 2020). The increase in dividends is a signal for investors who predict the company's future earnings will be in better condition so that dividend distribution will increase investment confidence for investors (Salsabilla & Isbanah, 2020).…”

Section: Signaling Theorymentioning

confidence: 99%

The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

Arsyad

Haeruddin

Muslim

et al. 2021

IAJ

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Dividends are a significant factor in investors' investment interests, so that dividend policy is a critical factor for companies to retain their shareholders. On this purposes, the companies must improve financial performance, especially activity ratios, liquidity ratios, and profitability ratios in this condition. The consumer goods industry sector is one of the industries that play a significant role in the capital market as they have rapid business competition. Until May 2020, the performance condition of companies in the consumer goods industry was experiencing less than optimal conditions as the manufacturing sector weakened at 22.0% due to the weakening of Indonesia's manufacturing Purchasing Managers' Index (PMI). The condition indicates that the impact of a decrease in the company's liquidity performance is a decrease in demand for manufactured goods which gives results in a decrease in profitability performance, and a less than optimal turnover of company assets in the consumer goods industry sector. This study uses manufacturing companies in the consumer goods industry listed on the Indonesia Stock Exchange from 2015 to 2019 as a sample. Multiple regression analysis results show that return on investment has a positive and significant effect on the dividend payout ratio. This result implies that the profitability ratio is a positive signal for investors in the capital market regarding the company's dividend policy.

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Section: Signaling Theorymentioning

confidence: 99%

The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

Arsyad

Haeruddin

Muslim

et al. 2021

IAJ

View full text Add to dashboard Cite

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“…Penelitian Kurniawan & Jin (2017) menunjukkan profitabilitas berpengaruh positif terhadap kebijakan dividen, sejalan dengan Ali et al (2018) dan Hesniati & Hendra (2019). Namun kontradiktif dengan Sejati et al (2020) dan Lin et al (2018) menyatakan profitabilitas tidak berpengaruh terhadap kebijakan dividen.…”

Section: Gambar 1 Perbandingan Dpr Periode 2015-2019unclassified

“…Hasil penelitian profitabilitas yang diproksikan ROA ternyata tidak dapat mempengaruhi kebijakan dividen, jadi laba yang diperoleh bukan faktor acuan utama dalam penentuan besarnya dividen yang dibayarkan. Perusahaan mature atau matang cenderung memiliki ketersediaan lebih pada cadangan laba atau arus kas yang dapat digunakan, baik untuk kegiatan investasi maupun didistribusikan sebagai dividen, tanpa harus mengubah proporsi dividen pada pemegang saham, (Sejati et al 2020). Dengan demikian, perusahaan tidak bertumpu pada besarnya laba yang didapatkan.…”

Section: Pengaruh Profitabilitas Terhadap Kebijakan Dividenunclassified

Pengaruh Faktor Internal Perusahaan terhadap Kebijakan Dividen Pada Perusahaan LQ45

Handayani

Wijayanti

Suhendro

2021

JIUBJ

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Expecting income or return from the company is the general target of investors in investing. Dividends are one of the incomes that investors want. This study aims to analyze the influence of profitability, liquidity, company size, sales growth and IOS on dividend policy. For this research was taken in LQ45 companies listed on the Indonesia Stock Exchange for the period 2015 to 2019. Through purposive sampling selected 18 companies that meet the research criteria, so that the sample is 90 observations. Data testing method through multiple linear regression. The results of the study based on the F test showed that all independent variables in the study had a simultaneous effect on dividend payout ratio, while based on t-test resulting in profitability, company size and IOS had no effect on dividend payout ratio, but liquidity had an effect on dividend payout ratio and sales growth negatively affected dividend payout ratio.

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“…Terdapat beberapa faktor yang dapat mempengaruhi kebijakan dividen. Faktor-faktor tersebut adalah efektivitas usaha, free cash flow, kebijakan hutang, likuiditas, profitabilitas (ROA), struktur kepemilikan, dan ukuran perusahaan (Silaban dan Purnawati (2016), Atmoko et al, (2017, Sejati et al, (2020)). Faktorfaktor yang mempengaruhi kebijakan dividen, diantarnya yaitu profitabilitas (ROA) dan kebijakan hutang.…”

Section: Pendahuluanunclassified

Pengaruh Return on Assets dan Kebijakan Hutang Terhadap Kebijakan Dividen Pada Perusahaan Perbankan Terdaftar di BEI Periode 2016-2020

Alfero

Blongkod

Husain

2022

jar

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The research aims to find outthe effect of Return On Assets (ROA) and debt policy on the dividend policy in the banking firms listed in Indonesia Stock Exchange during period of 2016-2020. The research applies a quantitative descriptive method where the data used are secondary data obtained from firms’ financial statement. The samples in this research are 50 data from 10 banking firms listed in Indonesia Stock Exchange during 5 years. The technique of data analysis employs Multiplke Linear Regression. The research findings indicate that the Return On Assets (ROA) does not effect the dividend policy, whereas the debt policy affects the dividend policy in the banking firms listed in Indonesia Stock Exchange during period of 2016-2020. Simultaneously, the Return On Assets (ROA) and Debt Policy do not affect the dividend policy significantly.

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Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

Cited by 16 publications

References 18 publications

The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

The effect of activity ratios, liquidity, and profitability on the dividend payout ratio

Pengaruh Faktor Internal Perusahaan terhadap Kebijakan Dividen Pada Perusahaan LQ45

Pengaruh Return on Assets dan Kebijakan Hutang Terhadap Kebijakan Dividen Pada Perusahaan Perbankan Terdaftar di BEI Periode 2016-2020

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