Pengaruh Profitabilitas, Dewan Komisaris, Komisaris Independen Dan Risiko Idiosinkratis (Studi Empiris: Pada Perusahaan LQ45 di Bursa Efek Indonesia Tahun 2012-2016)

Cahyadi, Rino Tam (2018) Pengaruh Profitabilitas, Dewan Komisaris, Komisaris Independen Dan Risiko Idiosinkratis (Studi Empiris: Pada Perusahaan LQ45 di Bursa Efek Indonesia Tahun 2012-2016). Magister thesis, Universitas Brawijaya.

Abstract

Penelitian ini bertujuan untuk menguji dan membuktikan secara empiris: (1) Apakah Dividend Payout Ratio dipengaruhi oleh profitabilitas perusahaan secara langsung. (2) Apakah Dividend Payout Ratio dipengaruhi oleh Dewan Komisaris secara langsung. (3) Apakah Dividend Payout Ratio dipengaruhi oleh Komisaris Independen secara langsung. (4) Apakah Dividend Payout Ratio dipengaruhi oleh risiko idiosinkratis secara langsung. Secara teoritis hasil penelitian ini diharapkan dapat memperkaya dan melengkapi ilmu pengetahuan di bidang akuntansi dan manajemen keuangan terutama teori pecking order dan teori agensi, sehingga dapat bermanfaat bagi para akademisi dan praktisi. Populasi penelitian adalah perusahaan yang terindeks LQ45. Jumlah perusahaan yang masuk indeks LQ45 tahun 20112-2016 yang tercatat adalah 45 perusahaan. Sampel penelitian yang terpilih berjumlah 15 perusahan. Teknik pemilihan sampel menggunakan purposive sampling dan analisis data menggunakan regresi data panel dengan model common effect. Hasil menunjukkan beberapa temuan, pertama profitabilitas signifikan positif terhadap dividend payout ratio. Kedua, Komisaris Independen signifikan negatif terhadap dividend payout ratio. Ketiga, Dewan Komisaris dan risiko idiosinkratis tidak signifikan terhadap dividend payout ratio.

English Abstract

The objective of this study is to empirically assess and prove whether (1) dividend payout ratio is directly influenced by company’s profitability; (2) dividend payout ratio is directly influenced by board of commissioners; (3) dividend payout ratio is directly influenced by independent commissioners; and (4) dividend payout ratio is directly influenced by idiosyncratic risk. The result of this study is expected to enrich and complete the science of accounting and financial management, particularly in the field of pecking order and agency theories, thus beneficial to academics and practitioners. The population of this study is 45 LQ45 companies in the period of 2012-2016. Using purposive sampling technique, fifteen companies were selected as the research sample. The data of this study were analyzed using panel data regression with common effect model. The results of this study indicate that, first, profitability is positively significant to dividend payout ratio; second, independent commissioners are negatively significant to dividend payout ratio; and, third, board of commissioners and idiosyncratic risk are insignificant to dividend payout ratio.

Other obstract

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Item Type: Thesis (Magister)
Identification Number: TES/352.743/CAH/p/2018/0471804664
Uncontrolled Keywords: EXECUTIVE ADVISORY BODIES
Subjects: 300 Social sciences > 352 General considerations of public administration > 352.7 Public administration of general forms of assistance > 352.74 promoting and disseminating knowledge > 352.743 Fact-finding and advisory bodies
Divisions: S2/S3 > Magister Akuntansi, Fakultas Ekonomi dan Bisnis
Depositing User: Endang Susworini
Date Deposited: 26 Dec 2019 05:30
Last Modified: 03 Aug 2022 04:51
URI: http://repository.ub.ac.id/id/eprint/177349
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