Analisis Faktor-Faktor yang Mempengaruhi Dividend Payout Ratio pada Industri Perbankan yang Terdaftar di Tokyo Stock Exchange (TSE) Periode 2005-2010

Wati, Seny (2012) Analisis Faktor-Faktor yang Mempengaruhi Dividend Payout Ratio pada Industri Perbankan yang Terdaftar di Tokyo Stock Exchange (TSE) Periode 2005-2010. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

This research seeks to find the determinants of dividend policy of banks in Japan. The dependent variable in this research is dividend payout ratio and the independent variables are profitability, bank risk, liquidity, leverage, growth, collateral assets, bank age, change in dividend payment and firm ownership. The research object is banks listed in Tokyo Stock Exchange in the period of 2005 until period of 2010. Using the purposive sampling method, samples that meet the requirements are 30 firms or 180 observations data. This research uses multiple regression method to analyze the effect of independent variables on dependent variable. The data are then analyzed using statistical package for social sciences (SPSS). The result indicates that profitability and leverage have a negatively significant effect on firm’ dividend payout ratio. Surprisingly, collateral assets had a positively relationship with dividend policy, the results was significant. The result also indicates that bank risk, liquidity, leverage, growth, collateral capacity, bank age, change in dividend payment and firm ownership did not have any significant effect on firms’ dividend payout ratio. Consequently, the major determinant of dividend policy of banks in Japan is profitability, leverage and collateral assets. Keywords: Dividend payout ratio, profitability, bank risk, liquidity, leverage, growth, collateral capacity, bank age, change in dividend payment and firm ownership.

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