Nugraha, Dimas Ardian Dwi (2019) Pengaruh Free Cash Flow, Likuiditas, Financial Leverage Dan Operating Leverage Terhadap Keputusan Pembayaran Dividen (Studi Pada Perusahaan Manufaktur Subsektor Food And Beverage Yang Terdaftar Di Bursa Efek Indonesia Tahun 2013-2017). Sarjana thesis, Universitas Brawijaya.
Abstract
Penelitian ini bertujuan untuk mengetahui pengaruh free cash flow, likuiditas, financial leverage dan operating leverage terhadap keputusan pembayaran dividen. Variabel independen dalam penelitian ini adalah free cash flow, likuiditas yang diproksi menggunakan current ratio, financial leverage yang diproksi menggunakan debt to equity ratio dan operating leverage yang diproksi menggunakan depresiasi. Variabel dependen dalam penelitian ini adalah keputusan pembayaran dividen yang diproksi dengan dividend payout ratio. Populasi dalam penelitian ini sejumlah 18 perusahaan subsektor food and beverage yang terdaftar di Bursa Efek Indonesia tahun 2013-2017. Pengambilan sampel menggunakan purposive sampling dan diperoleh sampel sejumlah 7 perusahaan. Metode analisis yang digunakan dalam penelitian ini ialah regresi linier berganda. Hasil penelitian ini menunjukkan bahwa secara parsial free cash flow tidak berpengaruh signifikan terhadap keputusan pembayaran dividen, likuiditas berpengaruh positif dan signifikan terhadap keputusan pembayaran dividen, financial leverage tidak berpengaruh signifikan terhadap keputusan pembayaran dividen, serta operating leverage berpengaruh negatif dan signifikan terhadap keputusan pembayaran dividen.
English Abstract
This study aims to determine the effect of free cash flow, liquidity, financial leverage and operating leverage on the decision to pay dividends. The independent variable in this study is free cash flow, liquidity which is proxied using the current ratio, proxied financial leverage using debt to equity ratio and proxied operating leverage using depreciation. The dependent variable in this study is the decision to pay a dividend which is proxied by a dividend payout ratio. The population in this study were 18 food and beverage subsector companies listed on the Indonesia Stock Exchange in 2013-2017. Sampling using purposive sampling and obtained a sample of 7 companies. The analytical method used in this study is the multiple linear regression. The results of this study indicate that partially free cash flow has no significant effect on dividend payment decisions, liquidity has a positive and significant effect on dividend payment decisions, financial leverage does not have a significant effect on dividend payment decisions, and operating leverage has a negative and significant effect on dividend payment decisions.
| Item Type: | Thesis (Sarjana) |
|---|---|
| Identification Number: | SKR/FEB/2019/224/051903598 |
| Uncontrolled Keywords: | Keputusan Pembayaran Dividen, Free Cash Flow, Likuiditas, Financial Leverage, dan Operating Leverage./Dividend Payment Decisions, Free Cash Flow, Liquidity, Financial Leverage, and Operating Leverage |
| Subjects: | 600 Technology (Applied sciences) > 658 General management > 658.1 Organization and financial management > 658.15 Financial management > 658.155 Management of income and expense |
| Divisions: | Fakultas Ekonomi dan Bisnis > Manajemen |
| Depositing User: | Endang Susworini |
| Date Deposited: | 24 Jul 2020 02:02 |
| Last Modified: | 24 Jul 2020 02:02 |
| URI: | http://repository.ub.ac.id/id/eprint/170148 |
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