Analysis of Cash Ratio, Firm Size and Return on Assets that Influence Dividend Payout Ration Soe Companies Listed on the Indonesia Stock Exchange
DOI:
https://doi.org/10.35335/ijafibs.v9i4.37Keywords:
Cash Ratio, Firm Size, Return On Assets, Dividend Payout RatioAbstract
This study aims to determine whether the Influence cash ratio, firm size and return on assets influence simultaneously and partially to the dividend payout ratio At the state-owned company Listed on the Indonesia Stock Exchange. The method of this thesis is a descriptive statistical analysis, the classic assumption test, and hypothesis testing. Independent variables in this study is the cash ratio, firm size and return on assets while Dependent variable is the dividend payout ratio with a sample size of this study as many as 54 by using purposive sampling acquired 18 companies over three years. The type of data used is secondary data. The results of this study demonstrate that, in sumultaneous cash ratio, firm size and return on assets has no effect simultaneous dividend payout ratio in the state-owned company. In partial cash ratio, and return on assets have no effect and firm size affect the dividend payout ratio.
References
Ang, Robert. 1997. Buku Pintar Pasar Modal Indonesia. Jakarta: Indonesia. Mediasoft.
Anil, Kanwal and Kapoor, Sujana. 2008. “Determinants of Dividend Payout Ratios-A Study of Indian Information Technology Sector”. International Research Journal of Finance and Economics – Issue 15 (2008).p.63-71.
Atika Jauhari Hatta. 2002. Faktor-Faktor yang Mempengaruhi Kebijakan Dividen: Investigasi Pengaruh Teori Stakeholder. JAAI Volume 6 No. 2, Desember 2002.
Bagus Laksono.2006. “Analisis Pengaruh Return On Asset, Sales Growth, Asset Growth, Cash Flow dan Likuiditas terhadap Dividend Payout Ratio ( perbandingan pada perusahaan Multi National Company dan Domestic Corporation yang listed di bursa Efek Jakrta Peride 2002-2004)”. Tesis. Universitas Diponegoro.
Baridwan, Zaky. 2004. Intermediate Accounting. Yogyakarta: BPFE UGM. Brigham, Eugene F. and Gapenski Louise C. 1996). Intermediate Financial Management, 5 th Edition, New York: The Dryden Press.
Brigham, Eugene dan Joel F Houston, 2001. Manajemen Keuangan II. Jakarta: Salemba Empat.
Chasanah, Amalia Nur. 2008. “Faktor – Faktor yang Mempengaruhi Dividend Payout Ratio (DPR) Pada Perusahaan yang Listed di Bursa Efek Indonesia”. Thesis. Semarang: Universitas Diponegoro.
Darmadji, Tjiptono & Fakhrudin, 2006, Pasar Modal di Indonesia : Pendekatan Tanya Jawabm Edisi, Pertama, Salemba Empat, Jakarta
Farinha, J. 2002. “Dividen d Policy, Corporate Governance and The Managerial Entrenchment Hypothesis: An Empirical Analysis”. Journal of Financial Research.
Firmansyah, Tri Yoga. 2011. Analisis Pengaruh Cash Position, Debt to Equity Ratio, Return On Assets Terhadap Dividen Payout Ratio. Jurnal tidak diterbitkan. Semarang: Universitas Dian Nuswantoro.
Ghozali, Imam. 2009. Multivariate Lanjutan dengan Program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
Gugler, K., & Yurtoglu, BB. 2003. Corporate Governance and Dividend Pay out Policy in Germany. European Economic Review 47;731-758.
Hanafi, Mamduh, M., 2004. Manajemen Keuangan, Edisi 2004/2005. Yogyakarta: Badan Penerbit Fakultas Ekonomi-UGM.
Husnan, Suad, 2000. Manajemen Keuangan, Teori dan Penerapan, Edisi Ketiga. Yogyakarta: BPFE Universitas Gajah Mada.
Kadir, Abdul. 2010. “Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen Pada Perusahaan Credit Agencies Go Public Di Bursa Efek Indonesia”. Jurnal Manajemen dan Akuntansi. Volume 11 No 1.p.10-20.
Mamduh M. Hanafi dan Abdul Halim, 2005, “Analisi Laporan Keuangan”, Yogyakarta.
Marlina, L dan Clara D.2009.”Analisis Pengaruh Cash Position, Debt to Equity Ratio dan Return On Asset Terhadap Dividend Payout Ratio”. Jurnal Manajemen Bisnis, Vol.2, No.1, Hal.1-6.
Michell suherli dan Sofyan Safri Harahap, 2004. “Studi Empiris Terhadap Faktor Penentu Kebijakan Jumlah Deviden”, volume 4 nomor 1.
Permatasari, 2009 “Pengaruh cash ratio, return on asstes, growth, firm size, debt to equity ratio terhadap dividend payout rati”. Fakultas Ekonomi UGM Yogyakarta.
Puspita, 2009 “Pengaruh cash ratio, debt to equity ratio, dan return on asstes terhadap dividend payout ratio pada perusahaan manufaktur yang terdaftar di bursa efek Indonesia”. Jakarta
Robert Ang, 2007, Buku Pintar: Pasar Modal Indonesia, Mediaesoft Indonesia. Riyanto, Bambang. 2001. Dasar-Dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE.
Sartono, Agus, 2001, Kepemilikan Orang Dalam (Insider Ownership), Utang, dan KebijakanDividen: Pengujian Empirik Teori Keagenan (Agency Theory), JAAI No 6 Vol 2.
Sharaks, Adel, (2005), Dividend Policy and Future Cash Flows, Finance India, Vol XIX, No.3,Seprtember, pp.901-913
Sri Sudarsi. 2002. Manajemen Keuangan, Edisi 3, Mitra Wacara, Jakarta.
Suad Husnan, 2001, Manajemen Keuangan, Keputusan Investasi dan Pembelanjaan, Edisi 2, Fakultas Ekonomi UGM Yogyakarta.
Sunarto dan Kartika, Andi. (2004). Analisis Faktor-faktor yang Mempengaruhi Dividen Kas di Bursa Efek Jakarta. Jurnal Bisnis dan Ekonomi, Vol.10, No.1:67-82.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2022 International Journal of Applied Finance and Business Studies

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.