PENGARUH RETURN ON ASSET TERHADAP DIVIDEN PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR DI INDONESIA
Keywords:
Return on Assets; Dividend payout ratioAbstract
The expected achievement of this study is to analyze the effect of Return On Assets on Dividend Payout Ratio (DPR). The population of this study is all manufacturing companies listed on the Indonesia Stock Exchange, as many as 15 companies. The sampling technique used is Purposive Sampling, where this technique selects a certain target group to obtain information. Samples are assigned to specific types of groups that can provide information or because of those groups. The type of data used in this study is quantitative data, in the form of company financial statements which include balance sheets and income statements of Real Estate Companies listed on the IDX for 3 years, namely 2013-2015. The data source is secondary data of Financial Statements to calculate dividend payout ratio originating from representatives of the Indonesia Stock Exchange, namely the Capital Market Information Center (PIPM) in Makassar. The results of the study then the researcher drew a conclusion that partially, this study shows that the observed independent variable has a significant and positive influence on the dependent variable based on the initial hypothesis, with the following details that the Profitability Ratio proxied Return On Asset (X) has a positive and significant effect on the Dividend Payout Ratio.
References
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Puspitawati, L. (2021). Strategic information moderated by effectiveness management accounting information systems: Business strategy approach. Jurnal Akuntansi, 25(1), 101–119. http://ecojoin.org/index.php/EJA/article/view/727
Rivandi, M., & Ariska, S. (2019). Pengaruh Intensitas Modal, Dividend Payout Ratio Dan Financial Distress Terhadap Konservatisme Akuntansi. Jurnal Benefita, 4(1), 104–114. http://103.111.125.15/index.php/benefita/article/view/3850
Rivandi, M., & Indriati, P. (2022). Kinerja keuangan dan pertumbuhan perusahaan terhadap kebijakan dividen dengan pengukuran dividen payout ratio. Jurnal Pundi, 6(1). https://doi.org/10.31575/jp.v6i1.383
Septariani, D. (2017). Pengaruh kebijakan dividen dan kebijakan hutang terhadap nilai perusahaan (Studi Empiris Pada Perusahaan LQ45 di BEI Periode 2012-2015). JABE (Journal of Applied Business and Economic), 3(3), 183–195. http://dx.doi.org/10.30998/jabe.v3i3.1769
Sirait, S., Sari, E. N., & Rambe, M. F. (2021). Pengaruh Current Ratio, Debt To Equity Ratio Dan Return On Assets Terhadap Price To Book Value Dengan Divident Payout Ratio Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sub Sektor Farmasi. Jurnal AKMAMI (Akuntansi Manajemen Ekonomi), 2(2), 287–299. https://doi.org/10.53695/ja.v2i2.168
Situmorang, C. V., & Simanjuntak, A. (2021). Pengaruh Strategic Management Accounting dalam Memediasi Pengaruh Orientasi Pasar, dan Kualitas Pimpinan terhadap Kinerja Keuangan. Jurnal Akuntansi Dan Bisnis: Jurnal Program Studi Akuntansi, 7(2), 100–108. https://ojs.uma.ac.id/index.php/jurnalakundanbisnis/article/view/4312
Alstadsæter, A., Jacob, M., & Michaely, R. (2017). Do dividend taxes affect corporate investment? Journal of Public Economics, 151, 74–83. https://doi.org/10.1016/j.jpubeco.2015.05.001
Astuty, W., & Pasaribu, F. (2021). The impact of business environment and organizational culture on the implementation of management accounting information system in some hotels. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(3), 6251–6262. https://doi.org/10.33258/birci.v4i3.2433
Digdowiseiso, K. (2021). The Effects of Capital Adequacy Ratio, Non-Performing Loan, Loan to Deposit Ratio, and Return on Assets on Stock Prices in Banking Sector over the Period 2015–2019. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(4), 11286–11293. https://doi.org/10.33258/birci.v4i4.3190
Durana, P., Michalkova, L., Privara, A., Marousek, J., & Tumpach, M. (2021). Does the life cycle affect earnings management and bankruptcy? Oeconomia Copernicana, 12(2), 425–461. https://www.ceeol.com/search/article-detail?id=992464
Elmagrhi, M. H., Ntim, C. G., Crossley, R. M., Malagila, J. K., Fosu, S., & Vu, T. V. (2017). Corporate governance and dividend pay-out policy in UK listed SMEs: The effects of corporate board characteristics. International Journal of Accounting & Information Management. https://doi.org/10.1108/IJAIM-02-2017-0020
falih Chichan, H., & Alabdullah, T. T. Y. (2021). Does environmental management accounting matter in promoting sustainable development? A study in Iraq. Journal of Accounting Science, 5(2), 110–122. https://doi.org/10.21070/jas.v5i2.1543
Farrukh, K., Irshad, S., Shams Khakwani, M., Ishaque, S., & Ansari, N. Y. (2017). Impact of dividend policy on shareholders wealth and firm performance in Pakistan. Cogent Business & Management, 4(1), 1408208. https://doi.org/10.1080/23311975.2017.1408208
Fitrianti, S. (2011). The exchange rate volatility and export performance: the case of Indonesia’s exports to Japan and the US. Bulletin of Monetary Economics and Banking, 20(1), 49–70. https://bulletin.bmeb-bi.org/bmeb/vol20/iss1/3/
Hadiwidjaja, R. D., & Triani, L. F. (2009). Pengaruh profitabilitas terhadap dividend payout ratio pada perusahaan manufaktur di Indonesia. Jurnal Organisasi Dan Manajemen, 5(1), 49–54. https://doi.org/10.33830/jom.v5i1.214.2009
Jiang, F., Ma, Y., & Shi, B. (2017). Stock liquidity and dividend payouts. Journal of Corporate Finance, 42, 295–314. https://doi.org/10.1016/j.jcorpfin.2016.12.005
Kurniawan, A. (2021). Analysis of the effect of return on asset, debt to equity ratio, and total asset turnover on share return. Journal of Industrial Engineering & Management Research, 2(1), 64–72. https://doi.org/10.7777/jiemar.v2i1.114
Lestari, N. O. (2019). Pengaruh Debt Equity Ratio (DER), Return On Asset (ROA), Cash Position (Cash), Asset Growth (Growth) Terhadap Dividen Payout Ratio Pada Perusahaan Manufaktur Sub Sektor Food And Beverage yang Terdaftar di BEI Periode 2014-2016. Aplikasi Administrasi: Media Analisa Masalah Administrasi, 46–60. https://jaa.hangtuah.ac.id/index.php/jurnal/article/view/103
Mahayati, F., Fatonah, S., & Meilisa, R. (2021). Pengaruh return on equity (ROE) dan debt to equity ratio (DER) terhadap nilai perusahaan (PBV) pada perusahaan manufaktur sub sektor logam dan sejenisnya yang terdaftar di BEI. Valuasi: Jurnal Ilmiah Ilmu Manajemen Dan Kewirausahaan, 1(1), 258–267. https://doi.org/10.37058/jem.v2i1.312
Marlina, L., & Danica, C. (2009). Analisis pengaruh cash position, debt to equity ratio, dan Return on assets terhadap dividend payout ratio. Jurnal Manajemen Bisnis, 2(1), 1–6. https://doi.org/10.33258/birci.v4i3.2283
Nurmayasari, C., Umar, H., & Indriani, A. (2021). Effect of Current Ratio, Return on Equity, Debt to Equity Ratio, and Earnings per Share on Stock Returns of Mining Companies Listed on the Indonesia Stock Exchange. Budapest International Research and Critics Institute (BIRCI-Journal): Humanities and Social Sciences, 4(3), 4967–4982. https://doi.org/10.33258/birci.v4i3.2283
Panigrahi, C. M. A., & Vachhani, K. (2021). Financial analysis by return on equity (ROE) and return on asset (ROA)-A comparative study of HUL and ITC. Panigrahi AK, Vachhani K, Financial Analysis by Return on Equity (ROE) and Return on Asset (ROA)-A Comparative Study of HUL and ITC. J Manag Res Anal, 8(3), 131–138. https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3940100
Puspitawati, L. (2021). Strategic information moderated by effectiveness management accounting information systems: Business strategy approach. Jurnal Akuntansi, 25(1), 101–119. http://ecojoin.org/index.php/EJA/article/view/727
Rivandi, M., & Ariska, S. (2019). Pengaruh Intensitas Modal, Dividend Payout Ratio Dan Financial Distress Terhadap Konservatisme Akuntansi. Jurnal Benefita, 4(1), 104–114. http://103.111.125.15/index.php/benefita/article/view/3850
Rivandi, M., & Indriati, P. (2022). Kinerja keuangan dan pertumbuhan perusahaan terhadap kebijakan dividen dengan pengukuran dividen payout ratio. Jurnal Pundi, 6(1). https://doi.org/10.31575/jp.v6i1.383
Septariani, D. (2017). Pengaruh kebijakan dividen dan kebijakan hutang terhadap nilai perusahaan (Studi Empiris Pada Perusahaan LQ45 di BEI Periode 2012-2015). JABE (Journal of Applied Business and Economic), 3(3), 183–195. http://dx.doi.org/10.30998/jabe.v3i3.1769
Sirait, S., Sari, E. N., & Rambe, M. F. (2021). Pengaruh Current Ratio, Debt To Equity Ratio Dan Return On Assets Terhadap Price To Book Value Dengan Divident Payout Ratio Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sub Sektor Farmasi. Jurnal AKMAMI (Akuntansi Manajemen Ekonomi), 2(2), 287–299. https://doi.org/10.53695/ja.v2i2.168
Situmorang, C. V., & Simanjuntak, A. (2021). Pengaruh Strategic Management Accounting dalam Memediasi Pengaruh Orientasi Pasar, dan Kualitas Pimpinan terhadap Kinerja Keuangan. Jurnal Akuntansi Dan Bisnis: Jurnal Program Studi Akuntansi, 7(2), 100–108. https://ojs.uma.ac.id/index.php/jurnalakundanbisnis/article/view/4312
Published
2022-04-30
How to Cite
Sari, R. (2022). PENGARUH RETURN ON ASSET TERHADAP DIVIDEN PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR DI INDONESIA. Jurnal Bisnis Dan Kewirausahaan, 11(2), 202–215. https://doi.org/10.37476/jbk.v11i2.3810
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