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Effect of Company Firms size, Debt to Total Asset, and Return on asset on Dividend Payout Ratio (Emprirical Study of Coal Sector Companies Listed on the Indonesia Stock Exchange in 2016-2020: Pengaruh Ukuran Perusahaan, Debt to Total Assets, dan Return on Assets terhadap Dividend Payout Ratio (Studi Empiris Perusahaan Sektor Batubara yang Terdaftar di Bursa Efek Indonesia Tahun 2016-2020 Bambang prasetyo; Ramel Yanuarta
Financial Management Studies Vol. 3 No. 2 (2023): Financial Management Studies
Publisher : Universitas Negeri Padang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24036/jkmk.v3i2.145

Abstract

This study aims to examine the impact of company size variables, Debt to total assets (DTTA), and Return on assets (ROA) on dividend payout ratios in coal companies listed on the Indonesia Stock Exchange during the 2016-2020 period. This type of research is quantitative. The research sample consisted of 23 companies selected using purposive sampling method. Multiple linear regression analysis was used to determine the effect of the independent variables on the dependent variable. This study uses SPSS 23 data processing. The results of this study for the variables Firm Size, Debt to total assets, and Return on asset ratio have a significant effect on Dividend payout in coal companies listed on the Indonesia Stock Exchange.
Effectiveness of Village Financial Management: The Roles of Financial Literacy, Internal Supervision & Leadership Style Risdayani Risdayani; Rosyeni Rasyid; Ramel Yanuarta
Ilomata International Journal of Management Vol. 7 No. 1 (2026): January 2026
Publisher : Yayasan Sinergi Kawula Muda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61194/ijjm.v7i1.1937

Abstract

Village financial management is a crucial factor for realizing accountable and effective local development. This study examines the effects of financial literacy, internal supervision, and leadership style on the effectiveness of village financial management in the Anambas Islands Regency. Data were collected from a survey of 279 village officials (village heads, members of the Village Consultative Body [BPD], and village administrative staff) across 52 villages. The 28-item instrument was tested for validity and reliability and exhibited high internal consistency (Cronbach’s α). Because normality tests indicated non-normal distributions for the main variables, inferential analysis employed the nonparametric Mann–Whitney U test to evaluate six hypotheses concerning direct effects and inter-variable relationships. Empirical results indicate that financial literacy, internal supervision, and leadership style each have no significant effect on the effectiveness of village financial management; likewise, no significant relationships were found between literacy and supervision, supervision and leadership style, or literacy and leadership style. These findings likely reflect a knowledge–action gap and conceptual mismatches between indicators that measure declarative knowledge and outcomes that are administrative-instrumental; furthermore, supervision as measured emphasizes procedural formality and leadership constrained by collective regulation, which may weaken causal links. Policy implications stress the need for applied training interventions, enhancement of supervisors’ technical capacity, and institutional reforms to better integrate technical inputs into decision-making. Future research is recommended using mixed-methods designs, measurement of relevant subdimensions, and multilevel or intervention studies to test mechanisms for translating knowledge into practice.