THE ANALYSIS OF FACTORS INFLUENCING DIVIDEND PAYOUT RATIO IN INSURANCE COMPANIES LISTED IN INDONESIA STOCK EXCHANGE (IDX) PERIOD 2011-2015
Abstract: This study aims to
analyze factors which are Profitability, Growth Opportunity, Firm Size and
Leverage that influence the Dividend Payout Ratio in insurance companies listed
in Indonesia Stock Exchange period 2011-2015. This study is a quantitative
study and Multiple Linear Regression used as analysis tool. The sample are 10
companies who already made IPO before year 2011 and data were gathered from the
company annual financial report. Result shows that Profitability measured by
ROE and Growth Opportunity have a significant and negative association with
DPR. Meanwhile Firm Size and Leverage have insignificant and negative relation
with the DPR in insurance companies that listed in IDX. The negative
association by ROE and Growth Opportunity to the DPR. It thus, tends to retain
their earnings more than to pay it as dividend. Companies should improve their
product so they can cover all of the customer needs.
Keywords: dividend payout
ratio, insurance company, profitability, growth opportunity, firm size,
leverage
PENULIS: Marcelita . Liono,
Linda . Lambey, Johan . Tumiwa
Kode Jurnal: jpmanajemendd170979
