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Journal : Jurnal Ad'ministrare

The Influence of Financial Ratio on Profit Growth and Their Implications on Dividend Policy (Empirical Study in Companies Listed on the Indonesia Stock Exchange) Marjohan, Masno
Jurnal Ad'ministrare Vol. 7, No 2. July-December 2020
Publisher : Pendidikan Administrasi Perkantoran, Universitas Negeri Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (433.829 KB) | DOI: 10.26858/ja.v7i2.23449

Abstract

This study aims to determine whether financial ratios affect earnings growth and dividend policy. Financial ratios in this study are measured by return on equity, debt-to-equity ratio, total asset turnover, liquidity ratio, and payment policy. Sampling was done using purposeful sampling. Among the 26 companies listed on the Indonesia Stock Exchange (IDX), up to 8 food and beverage companies were used in the sample analysis. The analysis used is multiple linear regression analysis for panel data regression. The three models are general effect, fixed effect, and random effect. After doing the classical normality test, heteroscedasticity test, multicollinearity test, and autocorrelation hypothesis test. Hypothesis testing is done by using the F-test and t-test. The results show that return on equity has a significant effect on profit growth, and the debt/equity ratio has no significant effect on profit growth, which means that return on equity in this study does not necessarily affect profit growth will affect income growth because you are in debt, should pay debts. It is the reason for the high debt/equity ratio, which affects income growth. The total asset turnover rate has no significant effect on profit growth, and the current ratio significantly affects profit growth. Profit growth significantly affects the dividend policy of companies listed on the Indonesia Stock Exchange during 2015 2019. The financial aspect takes into account the availability of dividends and stock prices.
Co-Authors Adhe Purnomo, Nugroho Adi Pratama, Adi Afrilia, Dwi Agustiani, Mulia Akiko, Leidy Vit Alinda Nurayani Andica, Juita Andriani, Jeni Arsyil Firian, Yuan Audryna, Leyryza Dwi Pratama, Guruh Fauziah, Uhti Febrianto, Satriyadi Gunawan, Rizkqi Aji Hadi Broto Hamsinah Hamsinah, Hamsinah Handayani, Yesie Hartati, Arini Nur Hasanah, Hilya Havizh, Muhammad Hermawan, Rangga Adhitia Hifny, Muhammad Holiawati, Holiawati Humaeroh, Fitri Ika Sari, Sandra Ayu Intan Pratiwi, Niken Irawan, Yopie Islami, Firda Janitra, Olief Zaki Jefri Burhan, Jefri Juanda, Gustian Jurna, Jurna Kaban, Ira Caharina Kartika Sari Kartolo, Rachmat Kurniawan, Rusdi Kurniawan, Zen Kusumaningsih, Ani L. Tobing, Rangga Latipah, Nunung Lestari, Bunga Westu Lestari, Nurul Khofifah Lisdawati Lisdawati Marliana Marliana, Marliana Martini, Evrillisa Martono, Adi Mentari, Beta Meylani, Shella Muhammad Husni Thamrin, Muhammad Husni Muslim Nabilah, Azmi Nur'aini, Eni Nurafifah, Nurafifah Nurayani, Alinda Nurmala Sari Nurmala, Riska Nurmin Arianto, Nurmin Nursan, Elvira Nurul Yaqin Octavia, Isnaini Pajar, Pajar Pamuji, Bombong Ahmad Permatasari, Delsa Yunia Purnomo, Bandi Putra, Robi Nugraha Sayi Putri, Amelia Putri, Zulfati Zianurisma Rachmawaty Rachmawaty, Rachmawaty Rahayu, Endah Sri Rasyidi, Muhammad Gafar Riandi, Arif Rini Suryani, Rini Ruhiyat, Endang Safan, Azian M Sahroni, Sahroni Sakeletuk, Regina Sampurnaningsih, Sri Retnaning Septiono, Wakhid Lukas Setiawan, Anthony Setiawati, Dwi Sitepu, Sri Henny Romauli Siti Nurhalimah Sitohang, Veronica Lusianna Sri Handayani, Avivah Sugiyanto - Supandi, Hanie Supratikta, Hadi Suradi Suradi Tomana, Josef Turnip, Jhon Sutrisno Ulfah, Siti Maryana Utomo, Widodo Budi Wahyu Hidayat Waruwu, Nofirman Yantoni Waryanto, Hendro Yansyah, Rusli YULIYANTI, SRI Zulfahmi, Muhammad Zaki zulfitra, Zulfitra