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Journal : Jurnal Mahasiswa Pasca Sarjana

DETERMINAN KEBIJAKAN DIVIDEND PERUSAHAAN NON KEUANGAN (Studi Bursa Efek Indonesia Tahun 2009-2013) Sigit Widhicahyono, 1352020050; Sudiyatno, Bambang
Jurnal Mahasiswa Pasca Sarjana 2015: PERIODE KEDUA 2015
Publisher : Jurnal Mahasiswa Pasca Sarjana

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Abstract

The objective of this study was to analyze the influence of current earnings, likuidity, profitabity, growth,  institutional ownership,  business risk to dividend payout ratio and control variable firm size . Overall, this study uses six independent variables: i.e. current earnings, likuidity, profitabity, growth,  institutional ownership, risk  business, and  control variable firm sizein non-financial companies that is listed in Indonesian Stock Exchange over period 2009-2013. The sample was taken using the method of purposive sampling, and those meeting the selection criteria were also taken. The sample used was of 17 firms. The results of this research showed that growth,  institutional ownershipdid not significantly effect to dividend policy. As for profitabilityearnings per share, likuidity, profitabity, business risk, firm sizehas significantly effect to dividend policy. The determination coefficient result showed 31,20 %. That’s about 31,20 % indicated the ability of the independent variables explained the dependent variable while 68,80 % explained by the other variables. Keywords: Current Earnings, Likuidity, Profitabity, Growth, Institutional Ownership, Business Risk, Dividend Payout Ratio and Firm Size
FAKTOR-FAKTOR YANG MEMPENGARUHI RETURN SAHAM PADA PERUSAHAAN PROPERTY DAN REAL ESTATE YANG TERDAFTAR PADA BURSA EFEK INDONESIA TAHUN 2009 S/D 2014 Bambang Sudarsono, 1352020090; Sudiyatno, Bambang
Jurnal Mahasiswa Pasca Sarjana 2015: PERIODE KEDUA 2015
Publisher : Jurnal Mahasiswa Pasca Sarjana

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Abstract

The aim of this study was to examine the influence of macroeconomic factors include inflation, interest rates, the exchange rate of the Rupiah against the US Dollar, as well as to examine the effect of the companys fundamentals include return on assets (ROA), debt to equity ratio (DER) and the size of the company (size) toward stock returns. The population in this study is the property and real estate companies listed on the Indonesian Stock Exchange (BEI) in 2009-2014. This research data from Bank Indonesia and the Indonesian Capital Market Directory (ICMD). Sampling using purposive sampling method, with a total sample of 104 companies. The analysis technique used to test the hypothesis is multiple regression with the results. inflation negative effect significantly on stock returns, interest rates, exchange rates and the size of the companys significant positive effect on stock returns, return on assets (ROA) negative effect is not significant to stock return and debt to equity ratio (DER) positive effect notsignificant stock returns.Keywords: inflation, interest rates, exchange rates, ROA, DER, size.