PENGARUH GOOD CORPORATE GOVERNANCE, PROFITABILITAS, DAN LIKUIDITAS TERHADAP KEBIJAKAN DIVIDEN (Studi Empiris pada Perusahaan Manufaktur yang terdaftar pada Bursa Efek Indonesia (BEI) Periode 2013 – 2016)
Daftar Isi:
- This research aims to test the influence of good corporate governance, profitability and liquidity on dividend policy. The dependent variable in this study is measured by dividend policy dividend payout ratio. The independent variable in this study is a good corporate governance diproksikan with Council Commissioner, independent Commissioner, and institutional ownership, profitability measured by return on assets, and liquidity as measured by current ratio. The number of samples that used as many as 22 manufacturing companies listed on the Indonesia stock exchange in the period 2013-2016. Types of data used are secondary data taken with the method of documentation by accessing the www.idx.co.id site. Methods of analysis used is multiple regression analysis. The results of this research show that simultaneously Board of Commissioners, the Commissioners are independent, institutional ownership, return on assets and current ratio effect on dividend policy. Partially independent Commissioner Board of Commissioners, and institutional ownership has no effect significantly to dividend policy, return on assets of significant positive effect on dividend policy and the current Ratio of negative effect significantly on dividend policy. Keywords: Good Corporate Governace, Profitability, Liquidity, Dividend PolicyThis research aims to test the influence of good corporate governance, profitability and liquidity on dividend policy. The dependent variable in this study is measured by dividend policy dividend payout ratio. The independent variable in this study is a good corporate governance diproksikan with Council Commissioner, independent Commissioner, and institutional ownership, profitability measured by return on assets, and liquidity as measured by current ratio. The number of samples that used as many as 22 manufacturing companies listed on the Indonesia stock exchange in the period 2013-2016. Types of data used are secondary data taken with the method of documentation by accessing the www.idx.co.id site. Methods of analysis used is multiple regression analysis. The results of this research show that simultaneously Board of Commissioners, the Commissioners are independent, institutional ownership, return on assets and current ratio effect on dividend policy. Partially independent Commissioner Board of Commissioners, and institutional ownership has no effect significantly to dividend policy, return on assets of significant positive effect on dividend policy and the current Ratio of negative effect significantly on dividend policy. Keywords: Good Corporate Governace, Profitability, Liquidity, Dividend Policy Penelitian ini bertujuan untuk menguji pengaruh good corporate governance, profitabilitas dan likuiditas terhadap kebijakan dividen. Variabel dependen dalam penelitian ini adalah kebijakan dividen yang diukur dengan dividend payout ratio. Variabel independen dalam penelitian ini adalah good corporate governance yang diproksikan dengan dewan komisaris, komisaris independen, dan kepemilikan institusional, profitabilitas yang diukur dengan return on assets, dan likuiditas yang diukur dengan current ratio. Jumlah sampel yang digunakan sebanyak 22 perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia pada periode 2013-2016. Jenis data yang digunakan adalah data sekunder yang diambil dengan metode dokumentasi dengan mengakses situs www.idx.co.id. Metode analisis yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa secara simultan dewan komisaris, komisaris independen, kepemilikan institusional, return on assets dan current ratio berpengaruh terhadap kebijakan dividen. Secara parsial dewan komisaris, komisaris independen dan kepemilikan institusional tidak berpengaruh signifikan terhadap kebijakan dividen, return on assets berpengaruh positif signifikan terhadap kebijakan dividen dan current Ratio berpengaruh negatif signifikan terhadap kebijakan dividen. Kata Kunci: Good Corporate Governace, Profitabilitas, Likuiditas, Kebijakan Dividen