Pengaruh Struktur Kepemilikan Terhadap Kebijakan Dividen Pada Perusahaan Manufaktur (original) (raw)
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2016
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2020
The purpose of this study is to determine the factors that influence dividend policy on Manufacturing companies listed on the Indonesia Stock Exchange. These factors include Managerial Ownership (KM), Institutional Ownership (KI), Foreign Ownership (KA), Leverage (DER), Company Size (SIZE). This type of research is causative and quantitative and the data used are secondary data. Sampling in this study used a purposive sampling method, so that the manufacturing companies sampled amounted to 63 companies. Data analysis methods used are Descriptive Analysis, Classical Assumption Test, Multiple Linear Regression Analysis, and Model Feasibility Test. The results show that Managerial Ownership, Institutional Ownership, Foreign Ownership have no effect on Dividend Policy. While Leverage and Company Size have a significant influence on Dividend Policy.
2019
This research aimed to examine the effect of debts policy, profitability, managerial ownership on the dividend policy. whlie, the population was manufacturing companies 2015-2018. Moreover, the data collection technique used purposive sampling, in which the sample was based on criteria given. In line with, there were 40 samples of manufacturing companies. Furthermore, the research was quantitative. In addition, the data analysis technique used multiple linear regression and classical assumption. The research result concluded as follows: (a) Debts policy did not affect the dividend policy. This happened as most of company profit would be allocated for funds backup in order to pay debts. As consequence, it prevented the company for bankruptcy. (b) Profitablity did not affect the dividend policy. In other words, the higher the lower its dividend. This happened as company would publish retained earnings in order to be used for its future needs. (c) Managerial ownership did not affect th...
2016
Manajer yang mempunyai saham di sebuah Perusahaan memiliki wewenang untukmemutuskan apakah laba Perusahaan akan dibagikan kepada para pemegang saham sebagai bentukdividen atau di tahan guna pembiayaan Perusahaan yang disebut dengan kebijakan dividen. Melaluihasil dari laporan keuangan Perusahaan seorang manajer dapat melihat sejauh mana Perusahaanbekerja dengan baik atau sebaliknya. Return On Total Assets adalah rasio yang digunakan untukmengukur kemampuan Perusahaan dalam menghasilkan laba yang berasal dari aktivitas investasi.Tujuan penelitian ini adalah untuk mengetahui seberapa besar pengaruh kepemilikan manajerial dankinerja keuangan terhadap kebijakan dividen. Penelitian ini dilakukan pada seluruh Perusahaanmanufaktur di Bursa Efek Indonesia. Besarnya jumlah sampel sebanyak 30 Perusahaan, melaluimetode purposive sampling. Pengumpulan data dilakukan melalui laporan keuangan. Teknik analisisyang diterapkan adalah analisis regresi linier berganda. Hasil analisis menemukan bahwake...
STIE Indonesia Banking School, 2020
The purpose of this study is to analyze the effect of ownership structure on firm value with dividend policy as moderate variable. The population of this study are all manufacture firms that are listed in Indonesian Stock Exchange from 2016 to 2018. This study is using purposive sampling method and as the result, 36 firms were chosen as the samples. Multiple analysis regression has been used to test all of the hypothesis by a software called Eviews 11. The result indicate that managerial ownership has a positive effect on firm value; intitutional ownership has a negative effect on firm value; dividend policy can't moderate the relationship between managerial ownership and firm value; dividend policy can moderate the relationship between institutional ownership and firm value.
Kinerja Perusahaan Manufaktur Dan Kebijakan Dividen
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Amid economic pressure due to the COVID-19 pandemic, the manufacturing sector continues to play an important role to support the national economy. This is evidenced by the company’s consistency in paying dividends. This study was conducted to investigate the impact of financial performance on the dividend policy of manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2020 period. Financial performance is measured by liquidity, firm size, profitability, and debt policy, while dividend policy is measured by the percentage of dividends to net income. The results showed that simultaneously financial performance had a significant impact on dividend policy with the Prob. (F) of 0.000 < 0.05. Furthermore, the results of the partial analysis show that debt policy has no significant impact on dividend policy. However, liquidity, firm size, and profitability have a significant positive impact on dividend policy. These results indicate that if the liquidity as measur...
Jurnal Benefita, 2019
Tujuan penelitian ini adalah untuk mengetahui pengaruh secara parsial dan simultan dari Pertumbuhan Perusahaan, Ukuran Perusahaan, Struktur Modal dan Return On Equity Terhadap Kebijakan Dividen. Populasi penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2013 sampai tahun 2015 sebanyak 131 perusahaan. Pengambilan sampel dilakukan dengan teknik purposive sampling sehingga dihasilkan 22 perusahaan. Analisis data yang digunakan adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa Pertumbuhan Perusahaan tidak berpengaruh terhadap Kebijakan Dividen, sedangkan Ukuran Perusahaan, Struktur Modal dan Return on Equity berpengaruh terhadap Kebijakan dividen. Kata kunci: kebijakan dividen; pertumbuhan perusahaan; struktur modal return on equity; ukuran perusahaan
Pengaruh Struktur Kepemilikan dan Faktor Keuangan terhadap Kebijakan Dividen
E-Jurnal Akuntansi, 2020
The ownership structure and financial factors are considered influential to the dividend policy of a company. Thus the aim of this study is to examine the effects of institutional ownership, managerial ownership, liquidity, leverage, and profitability on dividend policy. This study uses quantitative approach and analyzes samples taken from the financial statements of 161 different manufacturing companies listed in the Indonesian Stock Exchange between 2015-2017. These samples are then selected using purposive random sampling in which only 49 samples fit the criteria. The data analysis technique used is the multiple linear regression analysis technique. This study concludes that institutional ownership, managerial ownership, liquidity, and profitability have positive and significant effects on dividend policy. However, leverage has a insignificant effect on dividend policy. Keywords: Dividend Policy; Institutional Ownership, Managerial Ownership; Liquidity; Leverage; Profitability.
2019
This study aims to determine the effect of capital structure and institutional ownership on firm value with dividend policy as an intervening variable. In manufacturing companies listed on the Indonesia Stock Exchange with a sample of 39 companies. The analytical method used is path analysis. The observati on period for 5 years and the research data are secondary data obtained from www.idx.co.id. The results showed that the direct effect of capital structure variables (DER) had a negative and significant effect on firm value, institutional ownership variables (INST) had a negative and significant effect on firm value, dividend policy (DPR) had a positive but not significant effect on firm value. While the indirect effect of capital structure (DER) on firm value (INST) through dividend policy (DPR) is that dividend policy cannot mediate the effect of capital structure on firm value and indirect influence of institutional ownership (INST) on firm value (INST) through dividend policy (...
E-Jurnal Manajemen Universitas Udayana
Penelitian ini bertujuan untuk menguji pengaruh ukuran perusahaan, profitabilitas, dan leverage terhadap kebijakan dividen. Penelitian ini dilakukan pada Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia (BEI). Pengambilan sampel dilakukan dengan menggunakan sampling jenuh atau sensus dan diperoleh sebanyak 47 perusahaan manufaktur yang membayarkan dividen dan menghasilkan profit di BEI selama tahun 2014-2016. Teknik analisis yang digunakan adalah analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa ukuran perusahaan dan profitabilitas berpengaruh terhadap kebijakan dividen, sedangkan leverage tidak berpengaruh. Kata Kunci : kebijakan dividen, profitabilitas, ukuran perusahaan, leverage