FACTORS AFFECTING CASH DIVIDEND: EMPIRICAL STUDIES ON THE PROPERTY COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE PERIOD 2010-2013

Suci Marziyanda, Ahmad Rodoni

Sari


Abstract

Industry competitiveness for the companies that have already listed increased. Therefore, dividend payment is an important decision. In general, dividend payment consists of cash dividend and stock dividend. Many factors that impact dividend payment and that matters become concern in this research, especially cash dividend. This paper’s objectives is for analyzing factors that impact on dividend payment on the property companies that listed in the Indonesia Stock Exchange (IDX) period 2010-2013. Independence variables that utilized on this paper are cash ratio, earning per share, and return on investment. Sampling methodology that utilized is purposive sampling with samples total eleven companies. Analysis method is quantitative method, regression analysis panel data. Research result explain that cash ration, earning per share, and return on investment significantly impact cash dividend.

 

Key words : Cash Ratio, Earning per Share, Return on Investment, Cash Dividend


Teks Lengkap:

PDF

Referensi


References

Baridwan, Z. (2004). Intermediate Accounting (8th ed.). Yogyakarta: BPFE.

Brigham, E.F. (1989). Fundamental of Financial Management (3rded.). Holt-Saunders Japan: The Dryden Press.

Darmadji, T., & Fakhrudin, H.M. (2006). Pasar Modal di Indonesia: Pendekatan Tanya Jawab. Jakarta: Salemba Empat.

Lubis, Y.M. (2009). Analisis Faktor-Faktor Yang Mempengaruhi Dividen Kas Pada Perusahaan Manufaktur Jenis Consumer Goods Yang Go Public di BEI. Jurnal Pascasarjana Universitas Sumatera Utara.

Phartington (1989). Dividend Policy: Case Study Australian Capital Market. Journal of Finance,155-176.

Riyanto, B. (1995). Dasar-Dasar Pembelanjaan Perusahaan. Yogyakarta: STIE YKPN.

Rodoni, A., & Ali, H. (2010). Manajemen Keuangan. Jakarta: Mitra Wicana Media.

Ross, S.A., Westerfield, R.W., & Jaffe, J. (2010). Corporate Finance. McGraw Hill (9th ed), 268-269.

Rudianto (2012). Pengantar Akuntansi Konsep & Teknik Penyusunan Laporan KeuanganAdaptasi IFRS. Jakarta: Erlangga.

Sunarto & Kartika, A. (2003). Analisis Faktor-faktor yang Mempengaruhi Dividen Kas di Bursa Efek Indonesia. Jurnal Bisnis dan Ekonomi, 5, 198-224.

Sutrisno (2013). Manajemen Keuangan Teori Konsep & Aplikasi (cetakan kesembilan). Yogyakarta: Ekonsia Fakultas Ekonomi UII.

Widoadmodjo, S. (1996). Cara Sehat Investasi di Pasar Modal. Indonesia: PT. Jurnalindo Aksara Grafika.

Widoyono., & Putri, M.K. (2011). Analisa Dampak Faktor-Faktor Fundamental Perusahaan Terhadap Dividen Kas (Studi Kasus di Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia). Jurnal Fakultas Ekonomi Universitas Muhammadiyah.


Refbacks

  • Saat ini tidak ada refbacks.