Investment Opportunity, Institutional Ownership, Cash Flow, Company Life Cycle Terhadap Kebijakan Dividen Dan Return Saham (original) (raw)
Related papers
Jurnal Bisnis dan Akuntansi
The purpose of the research was to obtain empirical evidence that managerial and institutional ownership, divide nd policy, firm growth, profitability, firm size, systematic risk, investment opportunity set and asset structure affect debt policy. The population in this research are all companies that listed in Indonesia Stock Exchange with the observation period 2005 to 2008. The sample selection was done by using purposive sampling method. Data used in this research was obtained from financial statement and Fact Book, performance summary of listed companies and BAPEPAM - LK . Data analysis used a multiple regression analysis. The results of this research are managerial ownership, cash dividend policy, profitability, firm size, investment opportunity set and asset structure affect debt policy. While the institutional ownership, firm growth and systematic risk not affect debt policy. Manager who owns shares in his company tends to use funds from retained earnings and share capital. T...
Jurnal Riset Perbankan, Manajemen, dan Akuntansi
The purpose of this study is to analyze the effect of Return on Assets (ROA), Growth Opportunity (GO), Life Cycle (LC), on Dividend Policy (DPR) in companies listed on the Jakarta Islamic Index (JII). The sample used includes 16 companies using the purposive sample method. The data used in this study was obtained from the company's annual report for the 2015-2019 period. The technique used in this study uses the panel data regression method. The results showed that ROA and GO did not have a significant effect on the DPR, but LC had a significant positive effect on the DPR. From the results of the F ROA, GO, and LC tests as a whole have a significant effect on DPR.
Review Kebijakan Dividen Pada Siklus Hidup Perusahaan
AKUA: Jurnal Akuntansi dan Keuangan
This research is in the form of a literature review which aims to determine dividend policy at each stage of the company's life cycle. The results of this literature review show that companies at the introduction or startup stage tend not to distribute dividends. At the growth stage, dividend payments tend to be low but there are companies that can make dividend payments even though the amount is not so large. Companies tend to pay dividends at the mature stage. At this stage, the company pays higher dividends compared to other stages. Meanwhile, in the decline stage, dividend payments decrease because the company is no longer able to provide large dividends.
Kebijakan Dividen, Hutang, Dan Profitabilitas Terhadap Nilai Perusahaan
Vol 12 No 1 (2020): Edisi April, 2020
Firm value was a goal that must be achieved in the context of the welfare of shareholders. The objective of this research was to investigate the effect of dividend policy, debt policy, and profitability to firm value of property and real estate industries in 2012-2016. Population of this research was property and real estate companies listed in Indonesia Stock Exchange (IDX). The sampling method used was purposive sampling and the results were 10 companies according to the criteria of the sample. Method analysis using pooled regression. The results showed that dividend policy, debt policy, and profitability have significant effect to firm value simultaneously. Partially, dividend and debt policy have not significant effect to the firm value partially, but profitability has significant effect.
Pengaruh Kebijakan Dividen, Leverage Perusahaan Dan Profitabilitas Terhadap Return Saham
Jurnal Ilmiah Bisnis dan Ekonomi Asia
This research aimed to analyze the influence the dividend policy proxied by Dividend Payout Ratio (DPR), leverage the company proxied by Debt to Equity Ratio (DER) and profitability proxied by Return On Equity (ROE) to return stock in companies manufacturing sub-sectors of the food and drinks listed in Indonesia Stock Exchange period 20013-2015. This study uses quantitative methods. The sampling technique used purposive sampling method and selected according to established criteria. Model analysis used multiple linear regression. From the analysis of the following results, dividend policy (DPR), the…
Jurnal Ekonomi dan Bisnis, 2014
This study aims to analyze companies value on manufacture companies which is listed in Indonesian Stock Exchange from 2008 until 2010. There are many factors which influenced companies value like investment decisions, funding decisions, dividend policy, structure ownership (managerial and institusional). The population included in manufacture companies for four years. Sampling using a purposive sampling method and obtained 128 samples that meet the criteria and free from outliers. The data was analyzed by multiple regression. The results showed investment decisions, funding decisions, institusional ownership structure and significant positive effect on firm value. But for the dividend policy, structure of managerial ownership has negative effect and not significant on firm value.
Pengaruh Free Cash Flow, Ownership Structure, Growth Opportunity Terhadap Kebijakan Dividen
E-Jurnal Manajemen Universitas Udayana, 2021
This study aims to explain the effect of free cash flow, ownership structure which is divided into managerial ownership and institutional ownership, and growth opportunity on dividend policy in property and real estate companies in Indonesia. This research is located in property and real estate companies listed on the Indonesia Stock Exchange. Sampling in this study using census techniques using the entire population of property and real estate companies that distribute dividends, so as to get a sample of 18. The analysis technique used in this study uses multiple linear regression analysis. From the analysis conducted, the results of the study indicate that free cash flow has a significant positive effect on dividend policy. Managerial ownership, which is proxied by the percentage of manager's share ownership, has a significant positive effect on dividend policy. Institutional ownership which is proxied by the percentage of institutional share ownership has a significant positi...
Sentri, 2024
Tujuan penelitian ini yaitu untuk menguji dan menganalisis pengaruh free cash flow, investment opportunity set, dan struktur modal terhadap kebijakan dividen. Metode penelitian ini menggunakan metode penelitian kuantitatif, dengan jenis dan sumber data yaitu data sekunder yang diperoleh dari laporan keuangan tahunan perusahaan. Populasi dalam penelitian ini adalah perusahaan food and beverage yang terdaftar di Bursa Efek Indonesia selama periode 2018-2022. Teknik pengambilan sampel yang digunakan adalah purposive sampling sehingga diperoleh sebanyak 105 sampel perusahaan food and beverage yang memenuhi kriteria sebagai sampel penelitian. Metode analisis yang digunakan adalah uji statistik deskriptif, uji asumsi klasik, uji regresi dengan regresi linear berganda, dan uji hipotesis. Hasil penelitian ini menunjukkan bahwa free cash flow berpengaruh positif terhadap kebijakan dividen, investment opportunity set berpengaruh negatif terhadap kebijakan dividen, dan struktur modal berpengaruh positif terhadap kebijakan dividen. Free cash flow, investment opportunity set, dan struktur modal secara simultan berpengaruh signifikan terhadap kebijakan dividen..
Jurnal Ilmu Manajemen (JIM), 2020
This research was conducted to determine the effect of free cash flow, profitability, liquidity, company size and leverage on dividend policy (Dividend Payout Ratio). This type of research is causal research and uses quantitative data obtained by purposive sampling method, based on established criteria so that 15 companies can be obtained according to the criteria. The data analysis technique used is a multiple linear regression. The object in this study is a company listed in the Infrastructure, Utilities, and Transportation sector in the Indonesia Stock Exchange for the period 2014-2017. The data used is obtained from financial reports, annual reports, and a summary of the performance of listed companies. The research analysis method uses a multiple linear regression with the help of IBM SPSS version 23 software. The results of the study found that free cash flow did not effect on dividend policy because the availability of cash was not a major factor in the consideration of dividend distribution. Liquidity does not affect dividend policy because companies focus more on fulfilling their short-term obligations compared to distributing dividends. Leverage does not affect dividend policy because companies are more concerned with the obligation to pay their debt. Profitability harms on dividend policy because it tends to hold company profits as retained earnings. Company size hurts dividend policy because the allocation of net income tends to be used for investment rather than being distributed in the form of dividends.