Pengaruh pertumbuhan Aset, Leverage, ukuran perusahaan dan Profitabilitas terhadap kebijakan Dividen

Abstract

The ideal dividend policy divides current payouts and long-term growth equally. Thus, the purpose of this research is to determine the impact of asset growth, leverage, firm size, and profitability on empirical dividend policy for companies in the food and beverage subsector listed on the Indonesia Stock Exchange, either partially or concurrently, during 2016 until 2020. This analysis uses the form comparative causal analysis to determine the relationship correlation two or many variables. Purposive sampling was used to choose manufacturers with in food and beverage subsector that were posted here on Indonesia Stock Exchange between 2016-2020 as samples for this study. Obtained 8 corporations which meet qualifications for the research sample, then the sample can be obtained 40 financial statements. This research method uses multiple regression analysis. The results partially prove that the profitability variable (NPM) on dividend policy has had a positive and significant effect, other variables of asset growth (AG) and leverage (DER) have a negative and significant effect on dividend policy, and firm size (SF) have had no effect on dividend policy. Simultaneously, there influence for the variables on asset growth (AG), leverage (DER), firm size (SF), and profitability (NPM) for dividend policy was obtained..

The Determinants of Stock Price Volatility in Plantation Industry in Indonesia During 2016-2020

“…Thus, asset growth has no effect on stock volatility. This is supported by research results from [4], [5], [16], [17], and [18]. Based on the explanation, the hypothesis built is: H3: Growth in asset has no effect on stock price volatility.…”

“…an increase in assets is obtained from profits that are not distributed to shareholders, or in other words a decrease in dividends obtained by investors. Thus, asset growth has a negative effect on stock price volatility [6], [16], [17], and [18] However, research [5] and [11] state that asset growth has no effect on stock volatility. Research [19] shows asset growth has an effect on stock volatility.…”

Pengaruh Dividen, Pertumbuhan Aset, dan Volume Perdagangan terhadap Volalitas Harga Saham JII70

“…Hasil penelitian ini mendukung penelitian yang dilakukan oleh Ardiansyah & Isbanah, (2017), mengatakan dividen payout berpengaruh positif terhadap volatilitas harga saham dengan hasil nilai uji t sebesar 4.076 dengan tingkat signifikan 0.000. Penelitian ini sejalan dengan penelitian (Mulyana et al, 2023), hasil analisis data menunjukkan bahwa dividen payout memberikan pengaruh secara signifikan terhadap volatilitas harga saham sebesar 1,291.…”

Pengaruh Modal Intelektual, Leverage Dan Kapasitas Operasi Terhadap Profitabilitas

“…Leverage adalah kemampuan perusahaan dalam menggunakan aset untuk meningkatkan tingkat keuntungan finansial (return) pemilik perusahaan (Li et al, 2022). Selain dipengaruhi oleh weighted cost of capital, leverage struktur modal yang diterapkan manajemen dikatakan sebagai faktor alternatif yang mempengaruhi sumber pembiayaan, pertumbuhan bisnis, profitabilitas, keuntungan pajak, leverage yang diinginkan dan likuiditas keseluruhan, risiko bisnis dan risiko manajemen itu sendiri (Fatiyah & Purwaningsih, 2022).…”