Determinants Dividen Payout Ratio and Its Impact on Decitions Investment: A cas study on a mining company listed in Indonesia Stock Exchange

International Journal of Management and Business Applied Pub Date : 2022-09-23 DOI:10.54099/ijmba.v1i2.280

Maria Ulfa, M. Salim

{"title":"Determinants Dividen Payout Ratio and Its Impact on Decitions Investment: A cas study on a mining company listed in Indonesia Stock Exchange","authors":"Maria Ulfa, M. Salim","doi":"10.54099/ijmba.v1i2.280","DOIUrl":null,"url":null,"abstract":"Purpose – This study aims to analyze the effect of financial performance on investment decisions with dividend policies (DPR) as intervening variables in mining sector companies listed on the Indonesia Stock Exchange for 2017 to 2020. The independent variables used in this study are financial performance. The financial performance used in this study is Return on Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), Free Cash Flow (FCF), and Dividend Policy (DPR), while the dependent variable is investment decision ( IOS). This study aims to analyze the effect of financial performance on investment decisions with dividend policies (DPR) as intervening variables in mining sector companies listed on the Indonesia Stock Exchange for 2017 to 2020. The independent variables used in this study are financial performance. The financial performance used in this study is Return on Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), Free Cash Flow (FCF), and Dividend Policy (DPR), while the dependent variable is investment decision ( IOS). \nMethodology/approach – The sample in this study consisted of 13 mining sector companies listed on the Indonesia Stock Exchange (IDX) in the 2017 to 2020 period which was selected based on certain criteria using the purposive sampling method. Analysis of the data used in this study is a multiple Liniear regression analysis (T test and F test) which is processed using Eviews 11.0. \nFindings – It was found that . the multiple regression models used in this study, the results of partial testing (T test) showed that only two variables namely ROA, and DER with probability of 0.0006 and the most dominant tstatistics were 3,694806 and inflation rates that had a significant effect on investment decisions. In addition, simultaneously (F test) shows that ROA, CR, DER, FCF, jointly affects investment decisions. \nNovelty/value – Since dividend policy affects investment decisions, it is very important to know the factors that influence dividend policy. Keywords Employee Dividen Payout Ratio, Investment, Dividen Policy","PeriodicalId":256468,"journal":{"name":"International Journal of Management and Business Applied","volume":"1 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2022-09-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Journal of Management and Business Applied","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.54099/ijmba.v1i2.280","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 0

Abstract

Purpose – This study aims to analyze the effect of financial performance on investment decisions with dividend policies (DPR) as intervening variables in mining sector companies listed on the Indonesia Stock Exchange for 2017 to 2020. The independent variables used in this study are financial performance. The financial performance used in this study is Return on Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), Free Cash Flow (FCF), and Dividend Policy (DPR), while the dependent variable is investment decision ( IOS). This study aims to analyze the effect of financial performance on investment decisions with dividend policies (DPR) as intervening variables in mining sector companies listed on the Indonesia Stock Exchange for 2017 to 2020. The independent variables used in this study are financial performance. The financial performance used in this study is Return on Asset (ROA), Current Ratio (CR), Debt to Equity Ratio (DER), Free Cash Flow (FCF), and Dividend Policy (DPR), while the dependent variable is investment decision ( IOS). Methodology/approach – The sample in this study consisted of 13 mining sector companies listed on the Indonesia Stock Exchange (IDX) in the 2017 to 2020 period which was selected based on certain criteria using the purposive sampling method. Analysis of the data used in this study is a multiple Liniear regression analysis (T test and F test) which is processed using Eviews 11.0. Findings – It was found that . the multiple regression models used in this study, the results of partial testing (T test) showed that only two variables namely ROA, and DER with probability of 0.0006 and the most dominant tstatistics were 3,694806 and inflation rates that had a significant effect on investment decisions. In addition, simultaneously (F test) shows that ROA, CR, DER, FCF, jointly affects investment decisions. Novelty/value – Since dividend policy affects investment decisions, it is very important to know the factors that influence dividend policy. Keywords Employee Dividen Payout Ratio, Investment, Dividen Policy

查看原文本刊更多论文

决定因素派息率及其对决策投资的影响——以印尼证券交易所上市矿业公司为例

目的-本研究旨在分析2017年至2020年在印度尼西亚证券交易所上市的矿业公司财务绩效对投资决策的影响，并将股息政策(DPR)作为干预变量。本研究中使用的自变量是财务绩效。本研究使用的财务绩效为资产收益率(ROA)、流动比率(CR)、负债权益比(DER)、自由现金流(FCF)、股利政策(DPR)，因变量为投资决策(IOS)。本研究旨在分析2017年至2020年在印尼证券交易所上市的矿业公司财务绩效对投资决策的影响，并将股息政策(DPR)作为干预变量。本研究中使用的自变量是财务绩效。本研究使用的财务绩效为资产收益率(ROA)、流动比率(CR)、负债权益比(DER)、自由现金流(FCF)、股利政策(DPR)，因变量为投资决策(IOS)。方法/方法-本研究中的样本包括2017年至2020年期间在印度尼西亚证券交易所(IDX)上市的13家矿业公司，这些公司是根据某些标准使用有目的的抽样方法选择的。本研究使用的数据分析采用多元线性回归分析(T检验和F检验)，使用Eviews 11.0进行处理。发现-发现。本研究使用的多元回归模型，部分检验(T检验)结果显示，只有ROA和DER两个变量的概率为0.0006，最主要的统计量为3,694806，通货膨胀率对投资决策有显著影响。此外，同时(F检验)表明，ROA、CR、DER、FCF共同影响投资决策。新颖性/价值-由于股息政策影响投资决策，了解影响股息政策的因素是非常重要的。关键词:员工股利支付率，投资，股利政策

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊

International Journal of Management and Business Applied

自引率

0.00%

发文量