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PENGARUH DIVIDEND PAYOUT RATIO TERHADAP REAKSI PASAR DENGAN UKURAN PERUSAHAAN SEBAGAI VARIABEL MODERASI
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Institusion
Universitas Katolik Musi Charitas
Author
Marlina, Lily
Subject
H Social Sciences (General) 
Datestamp
2022-06-14 03:35:31 
Abstract :
ABSTRACT The purpose of this study is to determine the effect of variable Dividend Payout Ratio effect on capital market reaction with firm size as a moderating variable. The data obtained is secondary data through the company's annual financial statements. The population in this study are all companies listed in Indonesia Stock Exchange period 2014-2016 and distributed dividend three years in a row, so as to get total sample as much 72 company with purposive sampling method. The independent variable in this research is Dividend Payout Ratio. The dependent variable in this study is the market reaction measured by the abnormal return. While the moderating variable is company size. Hypothesis testing using moderated regression analysis (MRA) with SPSS version 23.0. The results showed that Dividend Payout Ratio variable with firm size as moderation variable has no effect on market reaction, hypothesis rejected.. Keywords : Market reaction, Dividend Payout Ratio, firm size, abnormal return 
Institution Info

Universitas Katolik Musi Charitas