Widjaya, Nadya Ulfa (2018) Pengaruh Free Cash Flow, Kepemilikan Saham Manajer, Kepemilikan Saham Institusi, dan Leverage Terhadap Dividen (Studi Pada Perusahaan Sub Sektor Farmasi di Bursa Efek Indonesia Periode 2013-2017). Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk menganalisis dan menjelaskan: (1) pengaruh simultan free cash flow, kepemilikan saham manajer, kepemilikan saham institusi dan leverage terhadap dividen; (2) pengaruh parsial free cash flow, terhadap dividen; (3) pengaruh parsial kepemilikan saham manajerial terhadap dividen; (4) pengaruh parsial kepemilikan saham institusi terhadap dividen; (5) pengaruh parsial leverage terhadap dividen. Penelitian ini berjenis explanatory research dengan metode kuantitatif. Penelitian ini menggunakan data sekunder berupa gabungan dari data crosssection dan time series (data panel), di mana penulis membatasi waktu penelitian dari tahun 20013 – 2017, yaitu dengan data free cash flow, kepemilikan saham, kebijakan hutang dan dividen payout ratio. Metode analisis yang digunakan adalah regresi data panel dengan model common effect. Hasil penelitian menunjukkan bahwa: (1) variabel free cash flow, kepemilikan saham manajer, kepemilikan saham institusi, dan leverage berpengaruh secara langsung dan simultan terhadap dividen; (2) variabel free cash flow memiliki pengaruh tidak signifikan terhadap dividen, (3) variabel kepemilikan saham manajer berpengaruh positif dan signifikan terhadap dividen; (4) variabel kepemilikan saham institusi berpengaruh tidak signifikan terhadap dividen; (5) variabel leverage berpengaruh signifikan erhadap dividen.
English Abstract
This study aims to analyze and explain: (1) the simultaneous effect of free cash flow, manager's share ownership, institutional share ownership and leverage on dividends; (2) the effect of partial free cash flow on dividends; (3) partial effect of managerial share ownership on dividends; (4) partial effect of institutional share ownership on dividends; (5) the partial effect of leverage on dividends. This is explanatory research with quantitative methods. This study uses secondary data in the form of a combination of cross-section data and time series (data panel), where the authors limit the study time from 20013 - 2017, namely with free cash flow data, share ownership, debt policy and dividend payout ratio. The analytical method used is panel data regression with a common effect model. The results of the study show that: (1) variables of free cash flow, share ownership of managers, institutional share ownership, and leverage influence directly and simultaneously on dividends; (2) free cash flow variable has insignificant influence on dividends, (3) manager's share ownership variables have a positive and significant effect on dividends; (4) institutional share ownership variables have no significant effect on dividends; (5) leverage variables have a significant effect on dividends.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FIA/2018/940/051811026 |
| Uncontrolled Keywords: | free cash flow, kepemilikan saham manajer, kepemilikan saham institusi, leverage, data panel-free cash flow, managerial ownership, insti institutional ownership, leverage, panel data |
| Subjects: | 600 Technology (Applied sciences) > 658 General management > 658.1 Organization and financial management > 658.15 Financial management |
| Divisions: | Fakultas Ilmu Administrasi > Ilmu Administrasi Bisnis / Niaga |
| Depositing User: | Sugeng Moelyono |
| Date Deposited: | 12 Jul 2019 07:15 |
| Last Modified: | 23 Oct 2021 05:07 |
| URI: | http://repository.ub.ac.id/id/eprint/165433 |
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