PENGARUH PROFITABILITAS DAN SET KESEMPATAN INVESTASI TERHADAP KEBIJAKAN DIVIDEN TUNAI DENGAN LIKUIDITAS SEBAGAI VARIABEL PENGUAT (STUDI PADA EMITEN KOMPAS 100 PERIODE TAHUN 2008-2011)

FITRIANINGSIH

Informasi Umum

Kode

17.04.4015

Klasifikasi

C -

Jenis

Karya Ilmiah - Skripsi (S1) - Reference

Subjek

Finacial Management

Dilihat

167 kali

Informasi Lainnya

Abstraksi

ABSTRACT

 Dividend policy is a decision on the profit earned will be distributed to shareholders as dividends or retained earnings will be retained to finance the investment in the future. Factors affecting the cash dividend policy is profitability, investment opportunity set, and corporate liquidity.
 The purpose of this study was to determine the effect of the profitability and the investment opportunity set dividend policy with liquidity as  moderate variable  (studies at Kompas 100 period  2008-2011).
 This research is descriptive nature of causality verification  with Kompas 100 listed companies as the objects of research. The selection of the sample using purposive sampling method that samples were obtained by 10 companies. The method of analysis used to test the hypothesis in this study is the use of multiple linear regression and moderated regression analysis. 
 The results of this study indicate that profitability and the investment opportunity set simultaneously significant effect on dividend policy with liquidity as a variable amplifier. Regression coefficient of 25.6% indicates that 25.6% of the independent variables explain the dependent variable, the remaining 74.4% is explained by other variables such as free cash flow, managerial ownership, firm size, and debt policy. Partially profitability is not significant with the positive direction, a significant investment opportunity set with a negative direction, liquidity able to moderate the relationship of profitability to the cash dividend policy with a negative direction, liquidity able to moderate the relationship of the investment opportunity set dividend policy with a positive direction.

Keyword: Profitability, Investment Opportunity Set, Dividend Policy, Liquidity