Analisis Faktor-Faktor Yang Mempengaruhi Dividend Payout Ratio (DPR) Di Perusahaan Go Publick Yang Terdaftar Di Bursa Efek Indonesia Selain Jasa Keuangan Dengan Model Vector Autoregressive Periode 2009-2013

Zara Tania Rahmadi

Abstract


This research aimed to analyze the influence of factors such as current ratio, debt to asset ratio, debt to equity ratio, return on assets and return on equity of the company dividend policy with vector autoregressive models as a tool of analysis. Sample of this research is the company to go public in addition to the financial services listed in the Indonesia Stock Exchange (BEI) as many as 25 companies were observed for five years (2009-2013). The analytical method used in this research is panel data regression model (a combination of time series and cross section) and vector autoregressive models (VAR) by outlining this research model into several sub-structural. The research results with the VAR model shows that the current ratio, debt to asset ratio, return on assets have a significant influence on the dividend payout ratio and debt to equity ratio, return on equity does not have a significant influence on the dividend payout ratio. So it can be concluded that, this is due if the rate of return on assets increased current ratio automatically rises and dividend payments can be smoothly paid out so as to provide symmetry between these variables.

Full Text:

PDF

Refbacks

  • There are currently no refbacks.