PENGARUH INVESMENT OPPORTUNITY SET (IOS),LABA BERSIH DAN ARUS KAS OPERASI TERHADAP DIVIDEND PAYOUT RATIO PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Yayang Saputri Ariyani

JURNAL EKOBIS DEWANTARA
Vol 1 No 1 (2018): JURNAL EKOBIS DEWANTARA

This study aim to examine the effect of Investment Opportunity Set (IOS), Net Income andOperating Cash Flow simultaneously, partial and dominant to Dividend Policy proxied by theDividend Payout Ratio (DPR) on manufacturing companies listed in Indonesia StockExchange. Based on the analysis of data with the results of simultaneous test (Test F),Investment Opportunity Set, Net Income and Operating Cash Flow influence on the policy.The result of partial test (t test), Investment Opportunity Set a positive but not significanteffect on dividend policy. Variable Net Income positive but not significant effect on dividendpolicy. Variable Operating Cash Flow positive and significant effect on dividend policy.Stepwise test results showed that the only variable operating cash flow is the most dominantinfluence on dividend policy