PENGARUH FREE CASH FLOW DAN STRUKTUR
KEPEMILIKAN TERHADAP DIVIDEND PAYOUT RATIO
PERUSAHAAN MANUFAKTUR DI INDONESIA
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Institusion
Sekolah Tinggi Ilmu Ekonomi Perbanas Surabaya
Author
SUHARTONO, AFANDI
Subject
657.042 - FINANCIAL ACCOUNTING
Datestamp
2018-02-12 07:20:05
Abstract :
Dividend policy is the use of net profit after tax will be distributed to shareholders and how much equity in net income that will be used to finance the company's investment. Optimal dividend policy is a dividend policy that creates a balance between current dividends and growth in the future so as to maximize the company's stock price. The purpose of this study was to analyze the influence of Free Cash Flow (FCF) and Ownership Structure consisting of Institutional Ownership, Family Ownership and Foreign Ownership of Dividend Payout Ratio (DPR) on the manufacturing company in Indonesia Stock Exchange in 2011-2013. The research methodology used is descriptive analysis method and statistical analysis methods. The data used is secondary data with 173 research data used as the sample. Hypothesis testing is done by using multiple regression analysis. Results of regression analysis showed that the free cash flow, family ownership and foreign ownership has positive influence on the dividend payout ratio. While institutional ownership does not negatively affect the dividend payout ratio. Keywords : dividend policy, free cash flow, the structure of ownership, institutional ownership, family ownership, foreign ownership, the dividend payout ratio.
Dividend policy is the use of net profit after tax will be distributed to shareholders and how much equity in net income that will be used to finance the company's investment. Optimal dividend policy is a dividend policy that creates a balance between current dividends and growth in the future so as to maximize the company's stock price. The purpose of this study was to analyze the influence of Free Cash Flow (FCF) and Ownership Structure consisting of Institutional Ownership, Family Ownership and Foreign Ownership of Dividend Payout Ratio (DPR) on the manufacturing company in Indonesia Stock Exchange in 2011-2013. The research methodology used is descriptive analysis method and statistical analysis methods. The data used is secondary data with 173 research data used as the sample. Hypothesis testing is done by using multiple regression analysis. Results of regression analysis showed that the free cash flow, family ownership and foreign ownership has positive influence on the dividend payout ratio. While institutional ownership does not negatively affect the dividend payout ratio. Keywords : dividend policy, free cash flow, the structure of ownership, institutional ownership, family ownership, foreign ownership, the dividend payout ratio.
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