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PENGARUH KINERJA KEUANGAN TERHADAP KEBIJAKAN PEMBAGIAN DIVIDEN PADA PERUSAHAAN CONSUMER GOODS
INTISARI
Kinerja keuangan yang diukur dengan debt to equity ratio, return on equity,
price to earning ratio memberikan informasi kemampuan perusahaan dalam
mengelola sumberdaya yang diperoleh sehingga bisa menghasilkan laba dan akan
mempengaruhi kebijakan pembagian dividen. Populasi dalam penelitian ini
menggunakan perusahaan consumer goods tahun 2012-2013 dengan sampel yang
digunakan sebanyak 15 perusahaan melalui purposive sampling. Pengujian
dilakukan untuk mengetahui apakah debt to equity ratio, return on equity, price to
earning ratio berpengaruh terhadap dividend payout ratio (DPR).
Teknik analisis yang digunakan adalah analisis regresi linier berganda.
Hipotesis diuji dengan uji-t untuk mengetahui pengaruh dari setiap variabel. Uji F
dilakukan untuk menguji kelayakan model yang digunakan. Pengujian dilakukan
dengan menggunakan SPSS 20. Hasil penelitian uji-t menunjukkan bahwa debt to
equity ratio (DER) tidak berpengaruh dengan arah negatif, sedangkan return on
equity dan price to earning ratio berpengaruh dengan arah positif. Uji F
menunjukkan bahwa model yang digunakan dalam penelitian layak (fit). Dari
penelitian ini bisa disimpulkan bahwa dalam uji-t hanya ROE dan PER yang
berpengaruh terhadap dividend payout ratio, sedangkan kinerja keuangan yang
digunakan dalam model berpengaruh terhadap dividend payout ratio.
Kata kunci: debt to equity (DER), return on equity (ROE), price to earning ratio
(PER), dividend payout ratio.
ABSTRACT
Financial performance which is measured by using debt to equity ratio,
return on equity, and price to earnings ratio provides the information of the ability
of the company in managing the resources which have been obtained so it can
generate the profit and it will influence the policy of dividend payment. The
population is the consumer goods companies in 2012-2013 and the samples are 15
companies which have been selected by using purposive sampling. The
examination is conducted to find out whether debt to equity ratio, return on
equity, and price to earnings ratio have influence to the dividend payout ratio
(DPR).
The multiple linear regressions are used as the analysis technique. The
hypothesis is tested by using t-test in order to find out the influence of each
variable. The F test is conducted to test the model suitability which has been used.
The examination has been conducted by using SPSS 20. The result of the t-test
shows that debt to equity ratio (DER) does not have any influence with negative
direction whereas return on equity and price to earnings ratio have influence with
positive direction. The F test shows that the model which has been used in the
research is suitable (fit). It can be concluded that in t-test only ROE and PER has
influence to the dividend payout ratio whereas the financial performance which is
used in model has influence to the dividend payout ratio.
Keywords: Debt to Equity (DER), Return on Equity (ROE), Price to Earnings
Ratio (PER), Dividend Payout Ratio.
1S150057 | A15/057 Fit p c.1 | Perpustakaan Pusat - Lantai 2 | Tersedia namun tidak untuk dipinjamkan - Tandon/Tidak dipinjamkan |
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