Artikel Ilmiah : C1B012056 a.n. IRENE MARDIAN PUTERI
| NIM | C1B012056 |
|---|---|
| Namamhs | IRENE MARDIAN PUTERI |
| Judul Artikel | ANALISIS PENGARUH LIKUIDITAS, PROFITABILITAS, INSIDER OWNERSHIP, INSTITUTIONAL OWNERSHIP DAN PERTUMBUHAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN SEKTOR PROPERTI, REAL ESTATE DAN KONSTRUKSI BANGUNAN |
| Abstrak (Bhs. Indonesia) | Penelitian berjudul likuiditas, profitabilitas, insider ownership, institutional ownership dan pertumbuhan perusahaan terhadap kebijakan dividen perusahaan sektor properti, real estate dan konstruksi bangunan untuk mengetahui pengaruh kelima variable terhadap kebijakan dividen pada perusahaan sektor properti, real estate dan konstruksi bangunan yang membagikan dividen secara berturut-turut. Penelitian ini dilakukan selama periode 2010-2014. Jenis penelitian ini merupakan studi asosiatif. Populasi dalam penelitian ini adalah seluruh perusahaan yang terdaftar dalam Bursa Efek Indonesia selama periode penelitian Metode pengumpulan data menggunakan purposive sampling, sehingga diperoleh 6 perusahaan. Penelitian ini menggunakan metode analisis regresi data panel dengan model Fixed Effect, untuk menganalisis data digunakan Eviews 8. Pengujian hipotesis dengan menggunakan koefisien determinasi, uji t-statistik dan uji F-statistik. Hasil penelitian menunjukkan bahwa likuiditas tidak berpengaruh terhadap kebijakan dividen karena rasio likuiditas cenderung untuk digunakan untuk mengukur kemampuan perusahaan membayar hutang jangka pendeknya bukan menjadi dasar pertimbangan kebijakan pembayaran dividen. Kedua, Profitabilitas berpengaruh terhadap kebijakan dividen, dikarenakan pembayaran dividen berasal dari laba bersih yang diperoleh perusahaan. Ketiga, insider ownership tidak berpengaruh terhadap kebijakan dividen karena sebagian besar kepemilikan saham pihak insider cenderung kecil. Keempat, Institutional Ownership berpengaruh terhadap kebijakan dividen, kepemilikan pihak institusi diketahui rata-rata berproporsi diatas 50% sehingga perusahaan tetap membayarkan dividen untuk menjaga kepercayaan investor institusi. Kelima, pertumbuhan perusahaan tidak berpengaruh terhadap kebijakan dividen, hal ini dikarenakan perusahaan tetap bisa membayarkan dividen walaupun pertumbuhan yang diproksikan dengan aset mengalami kenaikan/penurunan. |
| Abtrak (Bhs. Inggris) | The study titled liquidity, profitability, insider ownership, institutional ownership and growth of the company on dividend policy company property sector, real estate and building construction to determine the influence of the five variables on dividend policy on the company's property sector, real estate and construction of buildings that are consecutive dividends respectively. This research was conducted during the period 2010-2014. This research is associative studies to determine the relationship or influence between two or more variables. The population in this study are all companies listed in Indonesia Stock Exchange during the study period of data collection method using purposive sampling, in order to obtain 6 companies. This study used panel data regression analysis with a model Fixed Effect and the tool to analyze the data used Eviews 8. Testing the hypothesis by using the coefficient of determination, t-test statistics and F-test statistics. The results showed that liquidity does not affect the dividend policy because liquidity ratios tend to be used to measure a company's ability to pay short-term debt is not become the main consideration for the dividend payment policy. Second, Profitability does effect on dividend policy, dividend payments due from their net profit obtained by the company. Third, insider ownership does not affect the dividend policy because for the majority of party insider ownership tend to be small. Fourth, Institutional Ownership does affect the dividend policy, the ownership of the institution discovered that the average proportions above 50% so that the company continues to pay dividends to maintain the confidence of institutional investors. Fifth, the company's growth does not effect on dividend policy, this is because the company still could pay dividends even if growth is proxied by assets increase / decrease. The implications of this research for the company to consider profits as a main consideration to dividend policy as well as the company continues to invest despite profit increase or decrease. |
| Kata kunci | current ratio, return on equity, insider ownership, institutional ownership, growth, dividend payout ratio. |
| Pembimbing 1 | Dr. SUDARTO, M.E. |
| Pembimbing 2 | SULISTYANDARI, S.E.,M.Si |
| Pembimbing 3 | |
| Tahun | 2016 |
| Jumlah Halaman | 17 |
| Tgl. Entri | 2016-08-09 02:24:58.896312 |