ABSTRAK

Penelitian ini bertujuan untuk mengetahui pengaruh Rentabilitas Modal Sendiri, Solvabilitas (DER), Profitabilitas (ROA) dan Likuiditas (CR) terhadap kebijakan dividen. Populasi dari penelitian ini adalah seluruh perusahaan manufaktur sub sector makanan dan minuman yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2015-2017 sebanyak 18 perusahaan. Sedangkan sampel ditentukan dengan menggunakan metode purposive sampling. Perusahaan yang memenuhi kriteria hanya 7 perusahaan. Untuk menganalisis data digunakan metode regresi linear berganda dengan program SPSS versi 20.00. Menurut hasil penelitian, Rentabilitas Modal Sendiri dan Current Ratio (CR) secara parsial memiliki pengaruh negatif dan signifikan terhadap Dividen Payout Ratio. Sementara, Debt to Equity Ratio (DER) dan Return on Asset (ROA) secara parsial memiliki pengaruh positif dan signifikan terhadap Dividen Payout Ratio. Hasil uji F menunjukkan bahwa variabel rentabilitas modal sendiri, solvabilitas, profitabilitas dan likuiditas secara simultan mempengaruhi kebijakan dividen.
Kata Kunci: Rentabilitas Modal Sendiri, Debt To Equity Ratio, Return On Asset, Current Rasio, Dividen Payout Ratio.

ABSTRACT

This study aims to determine the effect of Rentability of Own Capital, Solvability (DER), Profitability (ROA) and Liquidity (CR) on dividend policy. The population of this study is that all food and beverage sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2015-2017 were 18 companies. While the sample is determined using the purposive sampling method. Companies that meet the criteria are only 7 companies. To analyze data used multiple linear regression method with SPSS version 20.00. According to the results of research, the Rentability of Own Capital and Current Ratio (CR) partially have a negative and significant effect on Dividend Payout Ratio. While, the Debt to Equity Ratio (DER) and Return on Assets (ROA) partially have a positive and significant effect on Dividend Payout Ratio . The results of the F test show that the variable profitability of own capital, solvency, profitability and liquidity simultaneously influence dividend policy.
Keywords: Rentability of Own Capital, Debt To Equity Ratio, Return On Assets, Current Ratio, Dividend Payout Ratio.

No other version available

No Data