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PENGARUH KINERJA KEUANGAN TERHADAP KEBIJAKAN PEMBAGIAN DIVIDEN PADA PERUSAHAAN CONSUMER GOODS
ABSTRACT
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 ratio (DER), return on equity (ROE), price to earnings ratio (PER),
dividend payout ratio.
ABSTRAK
Pengujian dilakukan untuk mengetahui apakah debt to equity ratio, return on equity, dan 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 ratio (DER), return on equity (ROE), price to earning ratio (PER),
dividend payout ratio.
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