Pengaruh DER, TATO dan NPM Terhadap Kebijakan Dividen (Studi Kasus Pada Industri Dasar dan Kimia yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2012-2016)

Firdaus, Iwan; Handayani, Putri

doi:10.33021/jaaf.v3i1.679

Cited by 8 publications

(10 citation statements)

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“…The higher the total asset turnover ratio of a company, the greater the company's profit, so the amount of dividends to be distributed is also more significant. The research results support the statement's hypotheses by Firdaus and Handayani (2019) and Simanjuntak (2016), which states that total asset turnover positively and significantly affects dividend policy. Collateralizable assets are the number of assets guaranteed by the company to creditors when applying for loans.…”

Section: H2: Investment Opportunity Has a Negative Effect On Dividend Policysupporting

confidence: 85%

THE EFFECT OF EARNING PER SHARE, INVESTMENT OPPORTUNITY SET, TOTAL ASSET TURNOVER, AND COLLATERALIZABLE ASSET ON DIVIDEND POLICY (Research on Consumer Goods Industrial Sector Companies Listed on the Indonesian Stock Exchange for the 2015-2019 period)

Rizal

Triyanto

2021

J. Accounting

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Dividend policy is a company's decision to determine whether the profits earned by the company will be distributed to investors in the form of dividends or by increasing the company's retained earnings. The purpose of this research was to determine the effect of earnings per share, investment opportunities, total asset turnover, and collateralizable assets on dividend policy in consumer goods industry entities listed on the Indonesia Stock Exchange for the 2015-2019 period. The population in this research was the consumer goods industry listed on the Indonesia Stock Exchange of 52 entities in 2015-2019. The technique of determining the sample used is purposive sampling. The samples obtained are 13 companies incorporated in the consumer goods industry sectors in the Indonesia Stock Exchange for 2015-2019. Based on the analysis, the result shows that the variable total asset turnover partially has a significant positive effect on dividend policy. Collateralizable asset variable has a significant negative impact on dividend policy. In contrast, the investment opportunity variables and earnings per share don't affect dividend policy. This research can be used as a reference for stakeholders in the company to consider the total asset turnover that affects dividend policy in a company.

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Section: H2: Investment Opportunity Has a Negative Effect On Dividend Policysupporting

confidence: 85%

THE EFFECT OF EARNING PER SHARE, INVESTMENT OPPORTUNITY SET, TOTAL ASSET TURNOVER, AND COLLATERALIZABLE ASSET ON DIVIDEND POLICY (Research on Consumer Goods Industrial Sector Companies Listed on the Indonesian Stock Exchange for the 2015-2019 period)

Rizal

Triyanto

2021

J. Accounting

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“…As a conclusion, the results revealed that the Current ratio (CR) and total asset turnover (TATO) showed a significant relationship to the dividend payout ratio (DPR) while debt ratio (DR) and return on investment (ROI) showed an insignificant relationship to dividend payout ratio (DPR). This finding is supported by the previous researcher which is Hadianto & Sahabuddin (2016); Gunawan and Tobing (2018); Simanjuntak (2016); Firdaus and Handayani (2019); Rizal and Triyanto (2021); Rafique (2012); Manaf et al (2021); Banarjee (2017) as well as (Fauzi and Rukmini, 2018). Future studies should focus on other variables that gives more impact towards dividend payout ratio.…”

Section: Discussionsupporting

confidence: 73%

“…This suggested that activity performance is one of the drivers of dividend policy through effective management of assets. Prior literature reports company's activity performance measured by total asset turnover positively and significantly affects the dividend policy of the company (Firdaus & Handayani, 2019;Simanjuntak, 2016;Rizal & Triyanto, 2021). However, in the other study, Arsyad et al (2021) showed that the activity performance of a company has no bearing on its dividend payout.…”

Section: Activity Ratiomentioning

confidence: 99%

Interrelationships between Financial Ratios and Dividend Policy: The Evidence of Healthcare Equipment and Service Sector in Malaysia

Syaharuddin¹,

Mustafa²,

Samsudin³

et al. 2022

IJARAFMS

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A company's dividend policy is measured by the dividend payout ratio which is the total amount of dividends paid out to its shareholders relative to the company's net income. In contrast, the ability of a company to make a profit is measured by its financial performance, which is generated from the revenue and aggregate expenses line items on the income statement. The financial performance consists of calculating financial ratios analysis such as liquidity, activity, leverage and profitability ratio. The purpose of this study is to examine the relationship between financial ratios analysis and dividend of Malaysia's healthcare equipment and services sectors. This study also wanted to examine the effects of the financial ratios that affect the dividend payout ratio of healthcare equipment and services companies that had been listed under Bursa Malaysia. The international economy, especially the healthcare industry, has recently been impacted by the COVID-19 outbreak. The significant business opportunities that have developed due to the pandemic have piqued the interest of investors in this industry. As a result, it is important to recognize the factors that influence healthcare companies' dividend policy in a developing market, especially in Malaysia (Latif et al., 2021). In this research, dividend payout ratio (DPR) is chosen as a dependent variable. It is measured by its independent variables which are current ratio (CR), total assets turnover ratio (TATO), debt ratio (DR) and return on investment ratio (ROI) respectively. The method used in this study is multiple linear regression, descriptive analysis, and correlation coefficient. The findings show that only the Current Ratio (CR) and Total Assets Turnover (TATO) have a significant relationship. For further studies, researchers can extend the research by changing the dependent variable from the healthcare sector to the financial sector or any other sector that was affected due to Covid-19.

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“…The same result by Dewi (2013), Lindi et al (2019), and Mardiyati (2014) which states TATO has no significant effect on the DPR. This finding is contrary to stated that the DPR was significantly influenced by TATO (Firdaus and Handayani, 2019;Fuadi and Satini, 2015;Kuniawan et al, 2016;Nugroho, 2019;Purnami and Artini, 2016;Sabri et al, 2018;Simaanjuntak, 2016;Wijaya, 2017).…”

Section: Discussioncontrasting

confidence: 56%

“…In other words, a company that has a large asset circulation can reflect the magnitude of the company's ability to pay dividends, and vice versa if the circulation of assets of a small companies then the ability of dividend payments will also be small. Research that proves that the dividend pay-out ratio is influenced by the total assets turnover significantly ('Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen', n.d.;Firdaus & Handayani, 2019;Fuadi & Satini, 2015;Kuniawan et al, 2016;Purnami & Artini, n.d.;Sabri et al, 2018;Wijaya, 2017). The results of the study contradict the findings (Choridah & Diana, 2019;Mardiyati, 2014) which found no significant effect between the dividend pay-out ratio and total assets turnover.…”

Section: Introductionmentioning

confidence: 99%

Total Assets Turnover Against Dividend Payout Ratio: The Role of Return On Assets Mediation

Setyaningsih¹,

Yuliana²

2020

jmi

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The research objective is to examine the direct effect of TATO and ROA on the DPR, TATO on ROA, and the indirect effect of TATO on the DPR through ROA in the consumer goods industry sector in 2016-2018. The study population was all companies in the consumer goods industry sector with a total of 38 companies, while the samples taken were 21 companies. This type of research is quantitative research using Warp Partial Least Square (Warp-PLS) for data analysis. The direct effect test results show that TATO has no significant effect on the DPR, TATO significantly influences ROA and ROA significantly influences DPR. While the results of indirect influence testing prove that TATO significantly influences DPR through ROA, so the higher ROA is closer to the relationship between TATO and DPR. Keywords ? Total Assets Turnover (TATO); Return On Assets (ROA); Dividend Payout Ratio (DPR)

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Pengaruh DER, TATO dan NPM Terhadap Kebijakan Dividen (Studi Kasus Pada Industri Dasar dan Kimia yang Terdaftar Di Bursa Efek Indonesia (BEI) Tahun 2012-2016)

Cited by 8 publications

References 0 publications

THE EFFECT OF EARNING PER SHARE, INVESTMENT OPPORTUNITY SET, TOTAL ASSET TURNOVER, AND COLLATERALIZABLE ASSET ON DIVIDEND POLICY (Research on Consumer Goods Industrial Sector Companies Listed on the Indonesian Stock Exchange for the 2015-2019 period)

THE EFFECT OF EARNING PER SHARE, INVESTMENT OPPORTUNITY SET, TOTAL ASSET TURNOVER, AND COLLATERALIZABLE ASSET ON DIVIDEND POLICY (Research on Consumer Goods Industrial Sector Companies Listed on the Indonesian Stock Exchange for the 2015-2019 period)

Interrelationships between Financial Ratios and Dividend Policy: The Evidence of Healthcare Equipment and Service Sector in Malaysia

Total Assets Turnover Against Dividend Payout Ratio: The Role of Return On Assets Mediation

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