PENGARUH CASH RATIO DAN ASSET GROWTH SERTA RETURN ON EQUITY TERHADAP DIVIDEND PAYOUT RATIO

Authors

  • Putu Juni Cahyani .
  • I Nengah Suarmanayasa, S.E., M.Si. .
  • Drs. Wayan Cipta, M.M. .

Abstract

Penelitian ini bertujuan untuk mengetahui pengaruh cash ratio, asset growth, dan return on equity secara simultan dan parsial terhadap dividend payout ratio pada perusahaan sektor industri manufaktur yang terdaftar di Bursa Efek Indonesia periode 2015 - 2016. Rancangan penelitian yang digunakan adalah kuantitatif kausal. Sampel dipilih dengan teknik purposive sampling yang terdiri dari 27 perusahaan yang memenuhi kriteria. Data dikumpulkan dengan pencatatan dokumen, dan dianalisis dengan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa: (1) Cash ratio, asset growth, dan return on equity secara simultan berpengaruh signifikan terhadap dividend payout ratio, (2) Cash ratio berpengaruh positif tidak signifikan terhadap dividend payout ratio, (3) Asset growth berpengaruh negatif signifikan terhadap dividend payout ratio, dan (4) Return on equity berpengaruh positif signifikan terhadap dividend payout ratio.
Kata Kunci : asset growth, cash ratio, dividend payout ratio, return on equity

This research is purposed to know about the effect of cash ratio, asset growth, and return on equity simultaneously and partially toward dividend payout ratio at the company of manufacture industrial sector which is registered in the Indonesian Stock Exchange at the period of 2015-2016. The research design used was quantitative causal. The sample selected by purposive sampling method which consist 27 companies meet the criteria. The data obtained by documentation technique, and was analyzed by multiple linear regression. The result of the research shows that: (1) Cash ratio, asset growth, and return on equity simultaneously has a significant effect toward dividend payout ratio, (2) cash ratio has a positive insignificant effect toward dividend payout ratio, (3) Asset growth has a negative significant effect toward dividend payout ratio, and (4) Return on equity has a positive significan effect toward dividend payout ratio.
keyword : asset growth, cash ratio, dividend payout ratio, return on equity

Published

2018-02-22

How to Cite

., P. J. C., ., I. N. S. S. M., & ., D. W. C. M. (2018). PENGARUH CASH RATIO DAN ASSET GROWTH SERTA RETURN ON EQUITY TERHADAP DIVIDEND PAYOUT RATIO . Jurnal Manajemen Indonesia, 5(2). Retrieved from https://ejournal.undiksha.ac.id/index.php/JMI/article/view/13414

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