PENGARUH LABA, ARUS KAS OPERASI, ARUS KAS BEBAS, DAN PEMBAYARAN DIVIDEN KAS SEBELUMNYA TERHADAP DIVIDEN KAS YANG DITERIMA OLEH PEMEGANG SAHAM (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA)
ABSTRACT: The objective of
this research is to examine and analyze the influence of earnings, operating
cash flow, free cash flow, and last year
cash dividend both simultaneously and partially toward cash dividend received
by stock holders on listed companies from the manufacturing sector at the
Indonesia Stock Exchange for the year 2001-2005. The research type used is
verificative research by using census method.
The target population of this research is listed companies from the
manufacturing sector at the Indonesia Stock Exchange which have positive
earnings, operating cash flow, free cash flow and pay cash dividend both
current year and last year. After being selected, there are 11 companies as
target population. Because this research is done for five years, the total
observations are 55. The multiple regression model is used to examine the
influence of earnings, operating cash flow, free cash flow, and last year cash
dividend both simultaneously and partially toward cash dividend received by
stock holders.
The results of this research show that (1) earnings, operating cash flow,
free cash flow, and last year cash dividend simultaneously have influence
toward cash dividend received by stock holders, (2) partially, earnings, free
cash flow, and last year cash dividend have positive influence toward cash
dividend received by stock holders, whereas operating cash flow has negative
influence toward cash dividend received by stock holders.
Keywords: earnings, operating
cash flow, free cash flow, and cash dividend
Penulis: Muhammad Ridh Ramli,
Muhammad Arfan
Kode Jurnal: jpakuntansidd110082
