Pengaruh Cash Ratio dan Earning Per Share Terhadap Dividend Pay Out Ratio pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

IF 3.3 Q2 BUSINESS

Asia-Pacific Journal of Business Administration Pub Date : 2023-06-05 DOI:10.37090/bpj.v3i1.1122

Peri Setiawan, None Suradi, Aprilianto Amir

{"title":"Pengaruh Cash Ratio dan Earning Per Share Terhadap Dividend Pay Out Ratio pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia","authors":"Peri Setiawan, None Suradi, Aprilianto Amir","doi":"10.37090/bpj.v3i1.1122","DOIUrl":null,"url":null,"abstract":"The capital market is one of the ways chosen by the company in meeting the needs of additional company funds to develop the company's operations to survive in the global economy. Investors invest their capital in shares in a company with the main objective of obtaining a return on investment in the form of dividends and capital gains. The purpose of this study is to analyze the effect of Cash Ratio and Earnings Per Share on Dividend Payout Ratio in manufacturing companies listed on the Indonesia Stock Exchange. The data used are secondary data that is produced from other existing sources, for example research must go through others or search through documents, journals or books (name, year, page,). This research is a quantitative study with a descriptive approach. Samples of this study using panel data, were taken as many as 8 manufacturing companies that were in accordance with predetermined criteria with the research period 2016 - 2020. The study used the software of SPSS 2.0 and the results ere Cash Ratio effects the Dividend Payout Ratio based on the results of calculations and analysis can be calculated t-value = 6.255 with a sig. Value = 0.000., This significant value <0.05,. Earning Per Share has a significant effect on the Dividend Payout Ratio based on the results of calculations and analysis obtained calculated t-value = 3.837 with a sig. value. = 0.001, sig. value = 0.001 < 0.05, Cash ratio and Earning Per Share have a significant effect on the Dividend Payout Ratio based on the calculation and analysis results obtained value t-calculate = 69.818 the value of sig. = 0.000 because the value of sig. < 0.05 the result of the coefficient of being amended adjust R2 obtained 0.951, means that this study contributed 95.1% while 4.9% was determined by other factors outside this study, this hall showed that the available data had qualified for the use of the panel data regression model. From the results of the analysis, it shows that the Cash Ratio, and Earning Per Share effect to the Dividen Payout Ratio. Keywords: cash ratio, earning per share, and dividend payout ratio, capital market","PeriodicalId":45401,"journal":{"name":"Asia-Pacific Journal of Business Administration","volume":"84 1","pages":"0"},"PeriodicalIF":3.3000,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Asia-Pacific Journal of Business Administration","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.37090/bpj.v3i1.1122","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q2","JCRName":"BUSINESS","Score":null,"Total":0}

引用次数: 0

Abstract

The capital market is one of the ways chosen by the company in meeting the needs of additional company funds to develop the company's operations to survive in the global economy. Investors invest their capital in shares in a company with the main objective of obtaining a return on investment in the form of dividends and capital gains. The purpose of this study is to analyze the effect of Cash Ratio and Earnings Per Share on Dividend Payout Ratio in manufacturing companies listed on the Indonesia Stock Exchange. The data used are secondary data that is produced from other existing sources, for example research must go through others or search through documents, journals or books (name, year, page,). This research is a quantitative study with a descriptive approach. Samples of this study using panel data, were taken as many as 8 manufacturing companies that were in accordance with predetermined criteria with the research period 2016 - 2020. The study used the software of SPSS 2.0 and the results ere Cash Ratio effects the Dividend Payout Ratio based on the results of calculations and analysis can be calculated t-value = 6.255 with a sig. Value = 0.000., This significant value <0.05,. Earning Per Share has a significant effect on the Dividend Payout Ratio based on the results of calculations and analysis obtained calculated t-value = 3.837 with a sig. value. = 0.001, sig. value = 0.001 < 0.05, Cash ratio and Earning Per Share have a significant effect on the Dividend Payout Ratio based on the calculation and analysis results obtained value t-calculate = 69.818 the value of sig. = 0.000 because the value of sig. < 0.05 the result of the coefficient of being amended adjust R2 obtained 0.951, means that this study contributed 95.1% while 4.9% was determined by other factors outside this study, this hall showed that the available data had qualified for the use of the panel data regression model. From the results of the analysis, it shows that the Cash Ratio, and Earning Per Share effect to the Dividen Payout Ratio. Keywords: cash ratio, earning per share, and dividend payout ratio, capital market

查看原文本刊更多论文

现金比率和每股收益对印尼证券交易所上市制造业公司股利支付率的影响

资本市场是公司在满足公司额外资金需求以发展公司业务以在全球经济中生存的方式之一。投资者将其资本投资于公司的股票，主要目的是获得股息和资本收益形式的投资回报。本研究的目的是分析在印尼证券交易所上市的制造业公司的现金比率和每股收益对股息支付率的影响。使用的数据是从其他现有来源产生的二手数据，例如研究必须通过其他人或通过文档，期刊或书籍(名称，年份，页面，)进行搜索。本研究采用描述性方法进行定量研究。本研究采用面板数据，选取了多达8家符合预定标准的制造企业，研究期限为2016 - 2020年。本研究使用SPSS 2.0软件，对现金比率对股利支付比率的影响结果进行计算和分析，可以计算出t值= 6.255，具有sig. Value = 0.000。，该显著值<0.05，。根据计算和分析的结果，每股收益对股息支付率有显著的影响，得到计算的t值= 3.837，具有一个符号值。= 0.001, sig. value = 0.001 <0.05，现金比率和每股收益对股息支付率有显著影响根据计算和分析结果得到值t-calculate = 69.818，因为sig. <的值= 0.000;0.05修正调整系数R2的结果为0.951，即本研究贡献率为95.1%，另有4.9%由本研究以外的其他因素决定，这表明现有资料已符合面板数据回归模型的使用条件。从分析结果来看，现金比率和每股收益对股息支付率的影响。关键词:现金比率，每股收益，股利支付率，资本市场

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

Asia-Pacific Journal of Business Administration BUSINESS-

CiteScore

7.20

自引率

13.20%

发文量

期刊介绍： The Asia Pacific Journal of Business Administration (APJBA) publishes original research on: Business Strategy and Policy, Accounting and Board Governance, Marketing and People Management, and Operations and Supply Chain Management. The journal welcomes practical and skill-based submissions in these areas. There is particular interest in submissions regarding: Sustainable Business Practices, Quality Management Practices, Innovation and Creativity in Management, as well as Managing a Learning Organisation. The Asia Pacific region is full of collaborations between government, NGOs and private enterprise. Submissions are welcome which contribute to our understanding of partnerships and the cross-cultural issues. Research methods vary, and the journal is interested in the full diverse of qualitative (case and action research, etc) as well as quantitative survey studies and their recommendations. The APJBA seeks to become a forum for both established scholars and early career researchers in all aspects of management and business in the Asia-Pacific region. Emphasis is on rigour and relevance, on theory and practice, in a globalised scholarly environment.