Struktur Kepemilikan Saham Terhadap Kebijakan Utang Perusahaan DI Bursa Efek Indonesia (original) (raw)
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Kebijakan Hutang Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia
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Jurnal Riset Ekonomi Manajemen Bisnis Dan Akuntansi, 2014
Kebijakan dividen adalah sebuah keputusan yang harus diambil oleh perusahaan untuk menentukan apakah laba yang diperoleh perusahaan akan dibagikan kepada pemegang saham sebagai dividen atau akan ditahan dalam bentuk laba ditahan yang kemudian akan digunakan sebagai pendanaan untuk investasi kedepan. Kebijakan dividen dalam penelitian ini dijelaskan dengan Dividend Payout Ratio (DPR). Penelitian ini bertujuan untuk mengetahui pengaruh kebijakan hutang, struktur kepemilikan dan profitabilitas terhadap kebijakan dividen pada perusahaan food and beverages yang terdaftar di BEI tahun 2007-2011. Metode analisis yang digunakan adalah metode asosiatif dengan teknik analisis Regresi Linier Berganda. Populasi penelitian berjumlah 18 perusahaan dan sampel sebanyak 5 perusahaan. Hasil analisis menunjukan Kebijakan Hutang, Struktur Kepemilikan, dan Profitabilitas secara simultan berpengaruh signifikan terhadap kebijakan dividen. Sedangkan secara parsial, kebijakan hutang dan profitabilitas berpengaruh signifikan terhadap kebijakan dividen, sementara struktur kepemilikan tidak berpengaruh signifikan terhadap kebijakan dividen. Manajemen sebaiknya lebih meningkatkan kinerja perusahaan sehingga diharapkan dapat meningkatkan kemampulabaan agar dapat membayarkan dividen serta kewajiban perusahaan lainnya.
Jurnal Online Mahasiswa Bidang Ilmu Ekonomi, 2015
1 PENGARUH STRUKTUR KEPEMILIKAN TERHADAP KEPUTUSAN KEUANGAN DAN NILAI PERUSAHAAN PADA PERUSAHAAN LQ-45 YANG TERDAFTAR DI BURSA EFEK INDONESIA NURFITRI APRILINI Ipit_aprilini@yahoo.com ; No. Hp 085265667440 RESTU AGUSTI RISKA NATARIASARI ABSTRACT The aimed of this study is to investigate the effect of ownership structure to funding decisions, investment decisions, dividend policy and company value. The Sample in this research are 22 companies of the LQ 45 Company in Indonesia Stock Exchaange (IDX) so that the total sample period 2011-2012 amounted to 44 research data. This research uses multiple regression analysis with the SPSS program version 19.0. The result of this study found that managerial ownership have a significant effect on funding decisions, while institutional ownership has no significant effect on funding decisions. Ownership structure have a significant effect on dividend policy and ownership structure have a significant effect on company value. The magnitude of the effect managerial ownership on funding decisions is equal to -0,975. The magnitude of the effect institutional ownership and managerial ownership on dividend policy is equal to -1,818 and -0,04. While the magnitude of the effect institutional ownership and managerial ownership on company value is 1,772 and 0,202.
Studi Akuntansi dan Keuangan Indonesia, 2020
The purpose of this study was to determine whether institutional ownership, political connections, and institutional ownership on political connected companies affects the dividend policy of Indonesian companies listed on the Indonesian Stock Exchange from 2012 - 2017. The sample used in this study were totaled to 255 non-financial companies in Indonesia with total observations of 1530. The model used on this study was the Tobit regression model. The results show that institutional ownership has the tendency to not pay dividends, whereas political connections on companies tends to support the payment of dividends to the shareholders. Furthermore, this study found that when there is the presence of interactions between political connections and institutional ownership in the company, political connections tends to have a positive impact towards dividend policy, yet institutional ownership has an increasingly significant negative effect on dividend policy.
Jesya (Jurnal Ekonomi & Ekonomi Syariah)
Penelitian ini dilakukan pada industri manufaktur dimana diketahui jika perusahaan manufaktur lebih banyak pakai hutang untuk mendanai kegiatan produksinya misalnya pembelian mesin produksi dan pembelian bahan baku sedangkan jika perusahaan tidak hati-hati dalam mengelola hutangnya perus-ahaan manufaktur dapat terancam pailit dan kepemilikan saham manajerial akan bergeser menjadi kepemilikan instistusional. Tujuan diadakannya riset ini yaitu untuk mengetahui dan menganalisis apakah secara individual dan simultan variabel independen mempengaruhi kebijakan hutang. Penelitian ini merupakan penelitian deskriptif kuantitatif. Teknik pengumpulan data menggunakan studi dokumentasi yaitu data sekunder dalam bentuk laporan keuangan tahun 2017 - 2019. Jumlah populasi pada penelitian ini ada 169 perusahaan manufaktur dan perusahaan yang memenuhi kriteria ada sebanyak 38 perusahaan. Teknik analisis data yang digunakan adalah analisis regresi berganda dengan SPSS versi 21. Hasil penelitian ini m...
2011
The research will study the impact of free cash flow, institutional ownership, firm size, and dividend policy toward debt policy which represented by debt to equity ratio on companies which its stocks included in LQ45 Index at Indonesian Stock Exchange. Free cash flow, institutional ownership, firm size, and dividend policy used as independent variables meanwhile debt policy used as dependent variable. Samples in this research took by using purposive sampling method, 19 companies which included in LQ45 index were obtained as samples. Research period were began from 2008 through 2009. Data were secondary data consisted of financial statement and IDX's factbook that downloaded from IDX's website. Multiple regression technique used to analyse the data. The results show that only firm size itself may have significant effect on debt policy which represented by debt to equity ratio. Free cash flow, institutional ownership, and dividend policy did not effect debt policy significantly. Simultaneously, free cash flow, institutional ownership, firm size, and dividend may have significant effect on debt policy which is represented by debt to equity ratio. Result of analysis show that predictive ability of the four independent variables (Free cash flow, institutional ownership, firm size, and dividend policy) is 52,1% and it shown by adjusted R 2 value, the rest 47,9% influenced by other variables outside the model.