CD Skripsi
Pengaruh Institutional Ownership, Cash Ratio, Return On Investment, Dan Debt To Equity Ratio Terhadap Devidend Payout Ratio Pada Perusahaan Lq-45 Yang Terdaftar Di Bursa Efek Indonesia Periode 2009-201
This study is an empirical study about the influence of institutional ownership, cash ratio, return on investment, and debt to equity ratio on dividend payout ratio in the LQ-45 firms listed on the Indonesian Stock Exchange during the period 2009-2011. The objectives of this research is to examine the influence of institutional ownership, cash ratio, return on investment, and debt to equity ratio on dividend payout ratio.
This study used a sample of 15 companies collected from the LQ-45 index during the period 2009-2011 which selected by purposive sampling. The data used are secondary data consisting of dividend payout ratio, institutional ownership, cash ratio, return on investment, and debt to equity ratio. These data were analyzed with multiple linear regressions with the help of IBM SPSS 20 computer program, as it also tested the basic and classic assumptions.
The result showed that partially, independent variable cash ratio and return on investment significantly influence the dividend payout ratio, it can be seen from the tcalc value is greater than the value of the ttab. While the independent variables institutional ownership and debt to equity ratio does not significantly influence the dividend payout ratio, it can be seen from the obtained values of tcacl smaller than the value of the ttab. The coefficient of determination was 0.382. This shows that 38.2% change in the dividend payout ratio is explained by the independent variables (institutional ownership, cash ratio, return on investment, and debt to equity ratio) used in this research model. While the remaining 61.8% is explained by other variables that not included in this study.
Keywords :Dividend Payout Ratio, Institutional Ownership, Cash Ratio, Return On Investment, Debt to Equity Ratio
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