Analisis Pengaruh Ukuran Perusahaan, Profitabilitas, Financial Leverage, Pertumbuhan, Kesempatan Investasi, Likuiditas, Laba Ditahan, Cash Holding, dan Variabel Dummy Terhadap Kebijakan Dividen pada Perusahaan yang Terdaftar di Bursa Efek Indonesia

Nengsih, Nengsih (2011) Analisis Pengaruh Ukuran Perusahaan, Profitabilitas, Financial Leverage, Pertumbuhan, Kesempatan Investasi, Likuiditas, Laba Ditahan, Cash Holding, dan Variabel Dummy Terhadap Kebijakan Dividen pada Perusahaan yang Terdaftar di Bursa Efek Indonesia. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

This research aim on analyzing the effect of firm size, profitability, financial leverage, growth, investment opportunities, liquidity, retained earnings, cash holding, and variable dummy on dividend policy of listed firms on Indonesian Stock Exchange. Dividend policy is measured by dividend per share as dependent variable and other financial factor such as firm size, profitability, financial leverage, growth, investment opportunities, liquidity, retained earnings, cash holding, and variable dummy as variable independent. The data is taken by using purposive sampling method. Population that being used in this research are from financial report of the companies listed in Indonesian Stock Exchange, from 2005 to 2009. This research using 225 observation data or 45 financial report from 9 financial firms and 36 non financial firms. The data are then analyzed using statistical package for social sciences (SPSS). The finding of the research indicates that firm size, profitability, and retained earnings have a significant effect on dividend policy. Other finding of the research indicates that financial leverage, growth, investment opportunities, liquidity, cash holding, and variable dummy has not significant toward dividend policy. The further analysis on financial sector find out that liquidity has significant effect, and retained earnings has not significant toward dividend policy. And further analysis in non-financial sector find out that retained earnings have not significant toward dividend policy. Keyword: Dividend policy, firm size, profitability, financial leverage, growth, investment opportunities, liquidity, retained earnings, cash holding, and variable dummy.

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