Wacana, Jurnal Sosial dan Humaniora
Vol. 21 No. 1 (2018)

Influence of Fundamental Factors on Dividend Payout Policy: Study on Construction Companies Listed on Indonesian Stock Exchange

Rico Eka Wahyu Hudiwijono (Master Program of Management, Faculty of Economics and Business, Brawijaya University)
Siti Aisjah (Faculty of Economics and Business, Brawijaya University)
Kusuma Ratnawati (Faculty of Economics and Business, Brawijaya University)



Article Info

Publish Date
02 Apr 2018

Abstract

This study examines the fundamental factors that influence the dividend payout policy, namely leverage, liquidity, free cash flow, firm size, firm growth, business risk and profitability. Several previous research results indicate differences in research findings. This study was conducted on five construction contractor companies listed in Indonesia Stock Exchange during 2010 to 2016. Multiple regression analysis was operated through SPSS 20 program and hypoteses testing simultaneously with F-test and partially with t-test. The results show that all independent variable are important factors in dividend payout policy, and firm size is the most dominant factors affecting dividend payout policy. 

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Journal Info

Abbrev

wacana

Publisher

Subject

Humanities Economics, Econometrics & Finance Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences

Description

This journal has a focus on inter and multidisciplinary studies of social sciences and humanities. The scope is the socio-cultural phenomenon, the history, and transformation of society, changes, and stagnation of socio-political institutions, actor orientation, and behavior, the performance of ...