Pengaruh Free Cash Flow, Profitabilitas, Kebijakan Hutang, Current Ratio, dan Investment Opportunity Set Terhadap Pembagian Dividen Pada Perbankan
The Effect of Free Cash Flow, Profitability, Debt Policy, Current Ratio, and Investment Opportunity Set on Dividend Distribution in Banking Companies
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| Issue | Vol 6 No 1 (2023): Talenta Conference Series: Local Wisdom, Social, and Arts (LWSA) | |
| Section | Articles | |
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Copyright (c) 2023 Talenta Conference Series: Local Wisdom, Social and Arts (LWSA)  This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. |
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| DOI: | https://doi.org/10.32734/lwsa.v6i1.1674 | |
| Keywords: | FCF ROE DER CR IOS | |
| Published | 2023-01-15 |
Abstract
Tujuan penelitian ini adalah untuk mengetahui dan menganalisis pengaruh Free Cash Flow (FCF), Profitabilitas (ROE), Kebijakan Hutang (DER), Current Ratio dan Investment Opportunity Set terhadap Kebijakan Pembayaran Dividen (DPR) pada perusahaan-perusahaan perbankan yang membayarkan dividennya secara berturut-turut tahun 2013 sampai 2017 dan terdaftar di Bursa Efek Indonesia. Sampel dalam penelitian ini berjumlah 8 perusahaan yang dipilih dengan teknik purposive sampling. Jenis data pada penelitian ini adalah data sekunder yang diperolah dari website BEI yaitu, www.idx.co.id. Metode pengerjaan yang digunakan adalah pengolahan model regresi data panel. Hasil penelitian menunjukkan bahwa free cash flow tidak berpengaruh signifikan terhadap kebijakan pembayaran dividen (0,8597 > 0,05), profitabilitas (ROE) berpengaruh negative dan signifikan (0,0001 < 0,05), kebijakan hutang mempunyai pengaruh yang positif dan signifikan terhadap kebijakan pembayaran dividend (0,2014 > 0,05), current ratio berpengaruh positif dan signifikan terhadap kebijakan pembayaran dividend (0,0275 < 0,05) dan investment opportunity set tidak berpengaruh signifikan terhadap kebijakan pembayaran dividen (0,2303 > 0,05).
The purpose of this study was to identify and analyze the effect of Free Cash Flow (FCF), Profitability (ROE), Debt Policy (DER), Current Ratio and Investment Opportunity Set on Dividend Payment Policy (DPR) in banking companies that pay dividends successively. -from 2013 to 2017 and listed on the Indonesia Stock Exchange. The sample in this study was 8 companies selected by purposive sampling technique. The type of data in this study is secondary data obtained from the IDX website, namely, www.idx.co.id. The working method used is panel data regression model processing. The results showed that free cash flow had no significant effect on dividend payout policy (0.8597 > 0.05), profitability (ROE) had a negative and significant effect (0.0001 <0.05), debt policy had a positive and significant effect on dividend payout policy (0.2014 > 0.05), the current ratio has a positive and significant effect on dividend payout policy (0.0275 <0.05) and investment opportunity set has no significant effect on dividend payout policy (0.2303 > 0 , 05).
