The influence of current ratio, debt to equity ratio, and return on assets on dividend payout ratio

Shabrina, Widya; Hadian, Niki

doi:10.35912/ijfam.v3i3.221

Cited by 20 publications

(24 citation statements)

References 3 publications

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“…Furthermore, the DEBEQT ratio exhibited a positive and significant effect on the ROA of Japanese firms consistent with previous research by Amanda (2019), Hertina and Saudi (2019), and Hertina (2021). This implies that an increase in the DEBEQT is associated with higher ROA.…”

Section: Empirical Results and Discussionsupporting

confidence: 90%

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

Arhinful,

Radmehr

2023

Sage Open

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Japan is widely regarded as one of the world’s most developed nations. The country’s electronics industry, in particular, is consistently ranked among the global leaders in innovatiion. Industries such as automotive, construction, electronics, metal, and telecommunications, companies have traditionally leaned more heavily on debt financing for both their day-to-day operations and investment endeavors, rather than relying on equity financing. In Japan, debt financing is favored as cost-effective source of capital compared to equity financing. The study selected 257 automotive, construction, electronic, metal, and telecommunications companies between 2000 and 2021. To find the effect of financial leverage on financial performance, the study used the random effect and the GMM to estimate the effect of the firms’ leverage on financial performance. The study found that interest coverage has a positive and statistically significant effect on ROA, ROE, and Tobin’s Q. The study discovered that cash coverage has a positive and statistically significant effect on ROE. The study found that debt service obligations have a negative and statistically significant effect on financial performance.

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Section: Empirical Results and Discussionsupporting

confidence: 90%

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

Arhinful,

Radmehr

2023

Sage Open

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“…Real assets are tangible goods and services that contribute directly to an economy. In contrast, financial assets are instruments used by individuals to make claims on a real asset, contributing indirectly to an economy (Bodie, Kane, & Marcus, 2018;Shabrina & Hadian, 2021).…”

Section: Investment Strategymentioning

confidence: 99%

Investment strategy on indonesia islamic stocks using Greenblatt Magic Formula

Setiawan,

Fitri,

Muthohharoh

et al. 2023

Intenational. J. financial account. management

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Purpose: This study analyzes the portfolio form based on the Magic Formula investment strategy introduced by Greenblatt (2006). Research methodology: The portfolio formed is evaluated using the Sharpe, Treynor, and Jensen indices. Results: The results show that the Magic Formula investment portfolio provides higher returns than the reference index from June 2018 to May 2021, specifically -1.45% compared to -3.26%. The performance evaluation value of the Magic Formula investment portfolio was better than that of the reference index. Limitations: Although the Magic Formula portfolio performs well during the study period, investment portfolios can also be built and evaluated using other portfolio formulas. Contribution: This evidence shows that the Greenblatt Magic Formula investment strategy performs well because it can provide a greater return with less risk.

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“…Hal ini memberi arti bahwa dengan semakin tingginya nilai leverage maka membuat risiko yang akan dihadapi perusahaan menjadi meningkat pula. Penjelasan ini selaras dengan penjelasan dari beberapa hasil penelitian yang menunjukkan bahwa leverage berpengaruh secara negatif atas kebijakan dividen (Shabrina & Hadia, 2021;Angelia & Toni, 2020;Abrar et al, 2017;Zulkifli et al, 2017;Yanti, 2014). Perusahaan wajib melunasi kewajibannya sehingga mengakibatkan perusahaan akan mengalokasikan dananya untuk membayar hutang terlebih dahulu.…”

Section: Pendahuluanunclassified

Pengaruh Profitabilitas, Leverage dan Ukuran Perusahaan terhadap Kebijakan Dividen

Ridhwan¹,

Dwiati²

2022

Jakman

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Purpose: This study examines the factors that can affect dividend policy. The factors discussed are profitability, leverage and company size. Therefore, the purpose was to determine whether profitability, leverage and firm size can have an influence on the occurrence of dividend policy. Research Methodology: This research was conducted quantitatively. The population used is the companies engaged in manufacturing and also listed on the Indonesia Stock Exchange for 2016-2018 period. Purposive sampling method was used for determining a sample data. The total data is 149 data. The data testing method uses multiple regression analysis. Results: This research have a result that conclude that profitability have an effect toward dividend policy but leverage and firm size cannot affect dividend policy. Limitations: Generalization of result cannot be used for this research other than manufacturing companies and there are 91% other factors that can affect dividend policy. Contribution: This research contributes in terms of empirical evidence that can be used by investors and/or potential investors to learn about factors that can affect company policy regarding dividens. Keywords: 1. Dividend Policy 2. Profitability 3. Leverage 4. Firm Size

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The influence of current ratio, debt to equity ratio, and return on assets on dividend payout ratio

Cited by 20 publications

References 3 publications

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

The Impact of Financial Leverage on the Financial Performance of the Firms Listed on the Tokyo Stock Exchange

Investment strategy on indonesia islamic stocks using Greenblatt Magic Formula

Pengaruh Profitabilitas, Leverage dan Ukuran Perusahaan terhadap Kebijakan Dividen

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