ANALISIS HUBUNGAN SET KESEMPATAN INVESTASI, PROFITABILITAS, LIKUIDITAS DAN HUTANG DENGAN KEBIJAKAN DIVIDEN
(Studi pada Perusahaan yang Membagikan Dividen dan Terdaftar
di Bursa Efek Indonesia Periode 2003 - 2007)
Total View This Week0
Total View This Week0
Institusion
STIE Indonesia Banking School
Author
NUGRAHA, IKHSAN YUDHA
Subject
HF5601 Accounting
Datestamp
2022-11-15 14:12:02
Abstract :
The objective of this research is to predict return of investment in equity securities. Investors have primarily objective to increase return from their investment. Investors buy stock from public enterprises and may get dividend or capital gain as its return. Focuses on dividend as its return, this research examines how investment opportunity sets, profitability ratio, liquidity ratio, and financial leverage can be instrument to predict the dividend policy paid by Indonesian firms to their investors. This research examines financial statement of several companies listed at Indonesia Stock Exhange for period ended December 31, 2002 until December 31, 2006 and one year after for dividend policy. Data is collected from Indonesia Stock Exchange, JSX Statistic, and Indonesia Capital Market Directory. The samples and data are collected using data pooling and purposive sampling method. The variables are Dividend per Share as dependent variable, and Market to Book Value of Equity, Return on Investment, Current Ratio and Debt to Equity Ratio as independent variables. The result indicate that positive corellation occurs between profitability and dividend amount at significance level. It means that the more profitable, the more dividend distributed. On the other hand, negative correlation occurs between Investment Opportunity Sets, liquidity and dividend per share at significance level.
The objective of this research is to predict return of investment in equity securities. Investors have primarily objective to increase return from their investment. Investors buy stock from public enterprises and may get dividend or capital gain as its return. Focuses on dividend as its return, this research examines how investment opportunity sets, profitability ratio, liquidity ratio, and financial leverage can be instrument to predict the dividend policy paid by Indonesian firms to their investors. This research examines financial statement of several companies listed at Indonesia Stock Exhange for period ended December 31, 2002 until December 31, 2006 and one year after for dividend policy. Data is collected from Indonesia Stock Exchange, JSX Statistic, and Indonesia Capital Market Directory. The samples and data are collected using data pooling and purposive sampling method. The variables are Dividend per Share as dependent variable, and Market to Book Value of Equity, Return on Investment, Current Ratio and Debt to Equity Ratio as independent variables. The result indicate that positive corellation occurs between profitability and dividend amount at significance level. It means that the more profitable, the more dividend distributed. On the other hand, negative correlation occurs between Investment Opportunity Sets, liquidity and dividend per share at significance level.
Download
book
BibTex
Latex, Jabref
cloud_download
Original Resource
url resource Institution
