PENGARUH RASIO LIKUIDITAS, LEVERAGE, DAN PROFITABILITAS TERHADAP DIVIDEN PAY OUT RATIO (STUDI PADA PERUSAHAAN GO-PUBLIC DI BURSA EFEK JAKARTA)
ABSTRACT: The research mainly
aims at: (1) analyzing partially the effect of liquidity ratio, leverage, and
profitability variables on dividend payout ratio of the company; and (2)
analyzing simultaneously the effect of liquidity ratio, leverage, and
profitability variables on dividend payout ratio of the company. Research type
subsumes into quantitative descriptive using the population of manufacturing
companies listed at the Corner of Jakarta Stock Exchange. Purposive sampling
becomes a sample determination technique such that research sample includes 40
companies. Analysis tool used relates to Multiple Regression. F-test and t-test
examine the significance using SPSS. Results of statistic analysis indicate
that: simultaneously, independent variable has obvious effect on dependent
variable. This becomes evident because F-count > Ftable. F-count reaches
47.314 and F-table equals to 2.25. Meanwhile, partial test or t-test shows that
current ratio has negative effect on dividend payout ratio. Return on
investment and return on equity have positive effect on dividend payout ratio
meaning that if ROI and ROE improve, then dividend payout ratio also increase.
The contribution of research will be giving the further description and the
understanding of factors affecting the payment rate of dividend payout ratio
because it seems being important guide for the company’s investor and manager
in making decision through financial performance in consideration of liquidity
ratio, leverage and profitability.
Keywords: liquidity, leverage,
profitability, dividend payout ratio
Penulis: Anjar Wibisono
Kode Jurnal: jpmanajemendd100096
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