Analisis Faktor-Faktor yang Mempengaruhi Rasio Pembayaran Dividen pada Perusahaan di Bei

Herry, Herry (2012) Analisis Faktor-Faktor yang Mempengaruhi Rasio Pembayaran Dividen pada Perusahaan di Bei. Undergraduate thesis, Universitas Internasional Batam.

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Abstract

Dividend as a type of profit sharing by a company for investor’s fund conveys information about a company’s earnings prospect which pays dividend. The problem arises when determining factors influencing dividend payout ratio to set the final dividend paid. The problem in this research is to know whether what are the determinants of dividend payout ratio, i,e: profitability, cash flow, tax, sales grow, market to book value, debt to equity and industry type. This research is causal comparative. Data gathering method is by using purposive sampling method. Statistic tools used is SPSS (Statistical Package for the Social Sciences) with regression linear. This research uses non-financial company registered in Bursa Efek Indonesia (BEI) with research period from year 2005 to 2010. Samples which fulfill the criteria are 35 companies. The result of this research shows that cash flow, sales grow and debt to equity have significant effect on dividend payout ratio. Profitability, tax, market to book value and industry type have insignificant effect on dividend payout ratio. Profitability, cash flow, tax, sales grow, market to book value, debt to equity and industry type simultaneously have significant effect on dividend payout ratio. Keywords: Dividend Payout Ratio, Profitability, Tax, Cash Flow, Sales Grow, Market-to-Book Value, Debt to Equity, Industry Type

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