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Journal : Jurnal Keuangan dan Perbankan

PENGARUH FREE CASH FLOW, PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN Muhammad Asril Arilaha
Jurnal Keuangan dan Perbankan Vol 13, No 1 (2009): January 2009
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (143.089 KB) | DOI: 10.26905/jkdp.v13i1.919

Abstract

The objective of the study was to provide empirical evidence about the effect offree cash flow, profitability, liquidity and leverage toward dividend policy. The population ofthis study was manufacture companies listed in Indonesian Stock Exchange in 2004 2007. Thesampling technique used purposive sampling and the analysis method used was multipleregressions. The result of this study proved that the profitability of a company affected thedividend policy. The bigger company profit was, the bigger dividend share was. A companywhich had profit stability could settle on dividend payment rate certainly and signal the qualityof their profit. While, free cash flow, liquidity and leverage had no effect toward dividend.
CORPORATE GOVERNANCE DAN KARAKTERISTIK PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN Muhammad Asril Arilaha
Jurnal Keuangan dan Perbankan Vol 13, No 3 (2009): September 2009
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (201.907 KB) | DOI: 10.26905/jkdp.v13i3.1087

Abstract

The objective of this study was to give empirical evidence, the infl uence of corporategovernance, profi tability, and fi rm growth to dividend policy. Population of study was fi rms whichwere followed survey by The Indonesian Institute for Corporate Governance (IICG) in 2006-2008. Datawas collected by purposive sampling and multiple regression. The result showed there is no supportsubstitution that fi rm which had bad corporate governance mechanism would give dividend to investors.Firm profi tability and fi rm size gave positive infl uence to dividend policy, but fi rm growth gavenegative infl uence to dividend policy.