股利政策检验理论:以印尼房地产行业为例

Proceedings of the 3rd Global Conference On Business, Management, and Entrepreneurship (GCBME 2018) Pub Date : 2020-02-07 DOI:10.2991/aebmr.k.200131.025

I. Purnamasari, N. Nugraha

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引用次数: 1

摘要

-本研究的目的是检验股利政策的不相关理论和相关理论。本研究以2012-2015年的房地产行业为研究对象，获得168个观测数据。研究的变量包括自变量，即公司的财务业绩，代表盈利能力;因变量，即股息政策，代表股息支付比率;调节变量，即公司规模，代表总资产。在利润增加之后没有增加股息支付的情况下得到的测试结果，因此可以得出公司持有公司价值不取决于公司如何分配其收益作为股息的原则。因此，在本研究中发现，在印尼特别是房地产行业的公司使用股利无关理论。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Testing Theory of Dividend Policy: Evidence in the Real Estate Sector in Indonesia

— The aim of this research is to test the irrelevant theory and relevant theories of the dividend policy. This research is conducted on real estate sector from period 2012-2015 to get 168 observation data. Variable of research include independent variable that is financial performance of company which proxy by Profitability, Dependent variable that is Dividend Policy which proxy by Dividend Payout Ratio, and Moderation variable that is firm size proxy by total assets. Test results obtained when the profit increase is not followed by an increase in dividend payment, so it can be concluded company hold the principle that company value is not determined by how the company disributes its earnings as dividends. So that in this study found in Indonesia especially real estate sector companies used dividend irrelevant theory.

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Proceedings of the 3rd Global Conference On Business, Management, and Entrepreneurship (GCBME 2018)

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