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Profitability and Capital Structure and its Impact on Dividend Policy: A Case Study of Real Estate Property Sectors Listed in Indonesia Stock Exchange 2013-2017 Imam Heryanto; Achmad Setya Nugraha
Kontigensi : Jurnal Ilmiah Manajemen Vol 7 No 2 (2019): Kontigensi: Jurnal Ilmiah Manajemen
Publisher : Program Doktor Ilmu Manajemen, Universitas Pasundan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (584.373 KB) | DOI: 10.56457/jimk.v7i2.68

Abstract

The property sector is one of the industrial sectors that has a vital role as an indicator of a country's economy condition. The level of industrial development can be seen from the dividend policy in the form of cash dividends given to the shareholders as a return of operational activities. The amount of provided cash dividends is one of the essential considerations for investors in investing their capitals in companies. Some previous studies show that the profitability and capital structure has a significant role in influencing dividend policy. Thus, this study examines the influence of these two factors on dividend policy. The results of the study prove that profitability has a positive and significant effect, with a regression coefficient of 0.610. Meanwhile, the capital structure has a negative and significant effect, with a regression coefficient of -0.030. The total effect value of the two variables is 68%, while the remaining 32% comes from the other variables that are not used in the research model.
Pengaruh Pertumbuhan Perusahaan Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Sektor Property Yang Terdaftar Di Bursa Efek Indonesia Periode 2012-2016 Achmad Setya Nugraha; Maulana Yusup; Djadjun Juhara
Majalah Bisnis & IPTEK Vol. 11 No. 2 (2018): Majalah Bisnis & IPTEK
Publisher : Pusat Penelitian dan Pengabdian Pada Masyarakat (P3M) STIE Pasundan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55208/4qpvxh89

Abstract

The value of the firm is investor’s perception towards the firms success level which is related to supply and demand that reflected the price of the stock. The high value of the firm will make the investors believe not only the present condition of the firm, but also the prospect of the future firm’s performance. Based on the previous relevant researches, there are some factors can influence the value of the firm, such as: decision of funding, dividend policy, investment decision, firm’s growth, leverage, profitability, firm’s size, etc. Some of the factors have relationship and influence towards the inconsistency value of the firm, so this research aimed to finding out the influence of firm’s growth (Total Assets Growth) and profitability (ROE) towards value of the firm (PBV) at property sector of Indonesia Stock Exchange. The population of this research was the property sector registered at Indonesia Stock Exchange from 2012 to 2016. To determine samples was using purposive sampling method with some fixed criteria such as: firms was listed at property real-estate sector before 2011, periodically released their financial report with representatives ratio used in this research and total 12 firms for samples. The data used was the secondary data which was obtained from MNC Securities program MNC Trade from 2012 to 2016. The analysis instrument is panel data regression and using EViews 9 for tool. This research shows both firm’s growth and profitability influence positive and significant with total 79.45%. It it recommended for the investor to look after the positive