ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI KEBIJAKAN DEVIDEN PADA PERUSAHAAN MANUFAKTUR (Studi Pada Perusahaan Manufaktur Yang Tercatat di BEI)

SUMARNO SUMARNO

Abstract


This research is the study of exploitation, as for the purpose of this research study to determine the effect of liquidity factors, capital markets, the stability of profit on dividend policy on manufacturing companies in BEI and to identify factors that have a dominant influence on dividend policy on manufacturing companies in BEI. The usefulness of research to be achieved, especially for investors that can be used to further assess the prospects of return or acceptance in the form of dividends, as well as in conducting sales and purchases of existing shares of the capital market. Analysis tools used in this research is by using multiple linear regression using the F test and t test Based on the analysis results can be known that the Current Ratio (CR), Return On Equity (ROE) and Earning Pershare (EPS) had significant impact on dividend policy on manufacturing companies listed in Indonesia Stock Exchange (IDX) of 2004 until 2006.Hasil coefficient regression of each variable can be known the level of influence of each variable, for that is equal to 2.548 Current Ratio, Return On Equity (ROE) of 0.624 and Earning Pershare (EPS) amounted to 0.575,. Based on the regression coefficient of each variable indicates that the Current Ratio has the greatest influence on dividend policy on manufacturing companies listed in Indonesia Stock Exchange (BEI) in 2004 until 2006. Suggestions are proposed, which is expected to investors in determining or selecting stocks in order to make an investment expected investors to be cautious and keep up to date stock performance for the conduct transactions on the stock market. Through these measures are expected to prospective investors were not wrong in determining the shares used in investing and providing the level of dividends in line with expectations. Concrete steps that can be done that is expected of the investors to pay attention to the three variables used in this research, particularly on the variable ratio current. For further researchers are expected for the next researcher to observe the movement of the value of a stock dividend on the companies listed in Indonesia Stock Exchange and is expected to extend the period (period) so that the results of the study and use of financial performance that affect dividend policy.

 

Keyword : Current Ratio (CR), Return On Equity (ROE) dan Earning Pershare (EPS) dan Deviden Payout Ratio

Link Terkait : http://skripsi.umm.ac.id/files/disk1/310/jiptummpp-gdl-s1-2009-sumarno036-15473-Pendahul-n.pdf


Keywords


Current Ratio (CR); Return On Equity (ROE) dan Earning Pershare (EPS) dan Deviden Payout Ratio.