PENGARUH RETURN ON ASSET, DEBT TO EQUITY RATIO DAN FREE CASH FLOW TERHADAP DIVIDEN PAYOUT RATIO (Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Periode 2009-2013)
| Main Author: | RACHMAWATI, SITI |
|---|---|
| Format: | Thesis NonPeerReviewed Book |
| Bahasa: | ind |
| Terbitan: |
, 2015
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| Subjects: | |
| Online Access: |
https://eprints.untirta.ac.id/12685/1/PENGARUH%20%20RETURN%20ON%20ASSET%2C%20%20DEBT%20TO%20EQUITY%20RATIO%20%20DAN%20FREE%20CASH%20FLOW%20%20TERHADAP%20DIVIDEN%20PAYOUT%20RATIO.pdf https://eprints.untirta.ac.id/12685/ |
Daftar Isi:
- This study aimed to determine the effect of Return On Asset, Debt To Equity Ratio and the Free Cash Flow against the dividend Payout Ratio. The research method used was a descriptive study causal. Type of data used is quantitative and qualitative data. The population used in this study were 131 companies manufacturing and as many as 15 companies in the sample using purposive sampling method and time series. This study uses multiple regression analysis. Research hypothesis testing using the T test (for partial testing ) and F test (for simultaneous testing). Regression analysis equation is Y = 7,573 + 0,963X1 – 14,580X2 + 0,016X3, States that the increase in return on assets of as much as 1% the dividend payout ratio will increase of 0,963%, increase debt to equity ratio of 1% the dividend payout ratio will lose by 14,580% and increase free cash flow amounting to 1% then the dividend payout ratio will increase 0,016%. Results of research partially (t-test) explains that the return on assets has positive influence significantly to dividend payout ratio with a significant level of 0.000 < 0.05, that debt to equity ratio has a negative influence significantly to dividend payout ratio with significant levels of 0,000 < 0.05 and free cash flow does not have any positive influence significantly to dividend payout ratio to the level of significant 0,205 > 0.05. F test shows that the variables jointly Return On Asset, Debt To Equity Ratio and Free Cash Flow does have effect significant the Dividen Payout Ratio with a significant level of 0,000<0,05 and Kd of 0,431 or of 43,1%.