Rodoni, Ahmad
Magister of Management Esa Unggul University North Arjuna Street No.9 Kebon Jeruk, Jakarta

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FACTORS AFFECTING CASH DIVIDEND: EMPIRICAL STUDIES ON THE PROPERTY COMPANIES LISTED IN THE INDONESIA STOCK EXCHANGE PERIOD 2010-2013 Marziyanda, Suci; Rodoni, Ahmad
Aktualita Manajemen Vol 10, No 2 (2016): Aktualita Manajemen
Publisher : Universitas Esa Unggul

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Abstract Industry competitiveness for the companies that have already listed increased. Therefore, dividend payment is an important decision. In general, dividend payment consists of cash dividend and stock dividend. Many factors that impact dividend payment and that matters become concern in this research, especially cash dividend. This paper’s objectives is for analyzing factors that impact on dividend payment on the property companies that listed in the Indonesia Stock Exchange (IDX) period 2010-2013. Independence variables that utilized on this paper are cash ratio, earning per share, and return on investment. Sampling methodology that utilized is purposive sampling with samples total eleven companies. Analysis method is quantitative method, regression analysis panel data. Research result explain that cash ration, earning per share, and return on investment significantly impact cash dividend. Key words : Cash Ratio, Earning per Share, Return on Investment, Cash Dividend
EFFECTS OF NET PROFIT MARGIN, CURRENT RATIO AND DIVIDEND PAYOUT RATIO ON PRICE EARNING RATIO AND PRICE BOOK VALUE (A Study on Consumer Goods Companies Listed in Indonesia Stock Exchange for the Period (2011-2013) Aisyah, Siti; Rodoni, Ahmad
Aktualita Manajemen Vol 10, No 1 (2016): Aktualita Manajemen
Publisher : Universitas Esa Unggul

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AbstractInvesting in stocks is a high risk investment, in which investors can gain big profit and vice versa can suffer losses not small. Therefore, investors are required to be cautious in decision-making. This study aimed to analyze the effects of Net Profit Margin, Current Ratio and Dividend Payout Ratio, on Price Earning Ratio and Price Book Value. It was investigated which independent variables having the most dominant effects on consumer goods companies listed in Indonesia Stock Exchange for the period 2011-2013. The samples used in this study were 16 companies listed in the Indonesia Stock Exchange and the Indonesian Capital Market Directory (ICMD) for the period 2011-2013. This research used purposive sampling. The analytical method used in this study was multiple linear regression analysis. From the test result of independent variables on price earning ratio, it is found that current ratio and net profit margin have no significant negative effect, meaning that the hypothesis is rejected, while dividend payout ratio has significant effect on price earning ratio, meaning that the hypothesis is accepted. From the test results of independent variables on price book value, it is found that net profit margin and dividend payout ratio have significant positive effect on price book value, meaning that the hypothesis is accepted, while current ratio has no significant effect, meaning that the hypothesis is rejected. From the test results of variables collectively from the first model and the second model, it is found that net profit margin, current ratio, and dividend payout ratio have significant positive effect on price earning ratio and price book value. The most dominant variable is net profit margin that has effect on price book value.  Keywords: Net Profit Margin, Current Ratio, Dividend Payout Ratio, Price Earning Ratio and Price Book Value