FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA
This study was conducted to examine the effect of liquidity variable (cash ratio and current ratio), solvency variable (debt to total assets), variable profitability (return on investment) and earnings per share of dividend per share. This study aims to analyze the influence of menghukur and ratios...
| Main Authors: | , |
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| Format: | Thesis |
| Published: |
[Yogyakarta] : Universitas Gadjah Mada
2012
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| Subjects: |
| _version_ | 1797032217292046336 |
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| author | , Caroline Sharon Timbuleng , Prof. Dr. Jogiyanto HM, MBA., Ak |
| author_facet | , Caroline Sharon Timbuleng , Prof. Dr. Jogiyanto HM, MBA., Ak |
| author_sort | , Caroline Sharon Timbuleng |
| collection | UGM |
| description | This study was conducted to examine the effect of liquidity variable
(cash ratio and current ratio), solvency variable (debt to total assets),
variable profitability (return on investment) and earnings per share of
dividend per share. This study aims to analyze the influence of menghukur
and ratios of financial performance of the company (cash ratio, current
ratio, DTA, ROI and EPS) to the DPS.
Sampling technique used was purposive sampling criteria (1) the
company's shares are always registered on December 31, 2006 to 2008 and
(2) companies that always pay dividend in the period of 2006-2008. Data
was obtained from Indonesian Capital Market Directory (ICMD 2009) and
the Jakarta Statistics Fact Book. Number of samples used were 65
companies from 396 companies listed on the Stock Exchange. Analysis
technique used is multiple regression with the equation least squares and
hypothesis testing using the t test for regression coefficients and F to test
the effect at the level of significance of 0.05. It is also carried out tests
which include testing the assumptions of classical formality,
multicollinearity test, heteroskedastist test an autocorrelation test.
During the observation period indicates that research data are not
normally distributed except the DTA variable, so that later tested the
normality of the residual ratio is then the result still shows abnormalities.
Logarithmic transformation is then performed numerically (Ln.) to five (5)
other variables. After testing the classical assumptions, the available data
has been qualified to use the model of multiple linear regression equation.
From the results of the analysis indicate that the data Ln.ROI, Ln.cash
ratio, ratio and DTA Ln.current not significantly affecting Ln.DPS,
respectively 72.6%, 35.6%, 64.0% and 56.9 %. Contrary to the EPS
variables that significantly by 100% positive effect on Ln.DPS. The fifth
independent variable predictive capability of the DPS is equal to 74.40%
while the remaining 25.6% influenced by other factors that are not
incorporated into the research model, as shown by the magnitude of
adjusted R square of 0.256.
However, this study is only limited to the five fundamentals factor of
the companies with 65 sample firms and the annual observation period for
3 years. It is recommended that further research will be done by extending
the other fundamental factors such as liquidity, leverage and corporate
activity as well as macro-economic factors like interest rates, the exchange
rate, balance of payments, export-import and other condition of non
economical factors. |
| first_indexed | 2024-03-13T22:35:15Z |
| format | Thesis |
| id | oai:generic.eprints.org:98181 |
| institution | Universiti Gadjah Mada |
| last_indexed | 2024-03-13T22:35:15Z |
| publishDate | 2012 |
| publisher | [Yogyakarta] : Universitas Gadjah Mada |
| record_format | dspace |
| spelling | oai:generic.eprints.org:981812016-03-04T08:45:58Z https://repository.ugm.ac.id/98181/ FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA , Caroline Sharon Timbuleng , Prof. Dr. Jogiyanto HM, MBA., Ak ETD This study was conducted to examine the effect of liquidity variable (cash ratio and current ratio), solvency variable (debt to total assets), variable profitability (return on investment) and earnings per share of dividend per share. This study aims to analyze the influence of menghukur and ratios of financial performance of the company (cash ratio, current ratio, DTA, ROI and EPS) to the DPS. Sampling technique used was purposive sampling criteria (1) the company's shares are always registered on December 31, 2006 to 2008 and (2) companies that always pay dividend in the period of 2006-2008. Data was obtained from Indonesian Capital Market Directory (ICMD 2009) and the Jakarta Statistics Fact Book. Number of samples used were 65 companies from 396 companies listed on the Stock Exchange. Analysis technique used is multiple regression with the equation least squares and hypothesis testing using the t test for regression coefficients and F to test the effect at the level of significance of 0.05. It is also carried out tests which include testing the assumptions of classical formality, multicollinearity test, heteroskedastist test an autocorrelation test. During the observation period indicates that research data are not normally distributed except the DTA variable, so that later tested the normality of the residual ratio is then the result still shows abnormalities. Logarithmic transformation is then performed numerically (Ln.) to five (5) other variables. After testing the classical assumptions, the available data has been qualified to use the model of multiple linear regression equation. From the results of the analysis indicate that the data Ln.ROI, Ln.cash ratio, ratio and DTA Ln.current not significantly affecting Ln.DPS, respectively 72.6%, 35.6%, 64.0% and 56.9 %. Contrary to the EPS variables that significantly by 100% positive effect on Ln.DPS. The fifth independent variable predictive capability of the DPS is equal to 74.40% while the remaining 25.6% influenced by other factors that are not incorporated into the research model, as shown by the magnitude of adjusted R square of 0.256. However, this study is only limited to the five fundamentals factor of the companies with 65 sample firms and the annual observation period for 3 years. It is recommended that further research will be done by extending the other fundamental factors such as liquidity, leverage and corporate activity as well as macro-economic factors like interest rates, the exchange rate, balance of payments, export-import and other condition of non economical factors. [Yogyakarta] : Universitas Gadjah Mada 2012 Thesis NonPeerReviewed , Caroline Sharon Timbuleng and , Prof. Dr. Jogiyanto HM, MBA., Ak (2012) FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA. UNSPECIFIED thesis, UNSPECIFIED. http://etd.ugm.ac.id/index.php?mod=penelitian_detail&sub=PenelitianDetail&act=view&typ=html&buku_id=53407 |
| spellingShingle | ETD , Caroline Sharon Timbuleng , Prof. Dr. Jogiyanto HM, MBA., Ak FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title | FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title_full | FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title_fullStr | FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title_full_unstemmed | FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title_short | FAKTOR-FAKTOR YANG MEMPENGARUHI PEMBAGIAN DIVIDEN PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK INDONESIA |
| title_sort | faktor faktor yang mempengaruhi pembagian dividen pada perusahaan go public di bursa efek indonesia |
| topic | ETD |
| work_keys_str_mv | AT carolinesharontimbuleng faktorfaktoryangmempengaruhipembagiandividenpadaperusahaangopublicdibursaefekindonesia AT profdrjogiyantohmmbaak faktorfaktoryangmempengaruhipembagiandividenpadaperusahaangopublicdibursaefekindonesia |