ABSTRAK
PENGARUH RASIO AKTIVITAS DAN LEVERAGE TERHADAP DIVIDEN PADA PERUSAHAAN MANUFAKTUR
DI BURSA EFEK INDONESIA
Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh rasio aktivitas yang terdiri dari Total Assets Turnover (TATO), Fixed Asset Turnover (FATO), Leverage yang terdiri dari Debt Ratio dan Debt to Equity Ratio (DER) terhadap dividen (Dividend Payout Ratio) baik secara simultan maupun secara parsial pada Perusahaan Manufaktur di Bursa Efek Indonesia. Populasi dalam penelitian ini adalah Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia. Pengumpulan data dilakukan melalui studi dokumentasi yang bersumber dari didasarkan pada kriteria tertentu yang disesuaikan dengan tujuan penelitian. Jenis penelitian yang digunakan adalah assosiatif kausal yaitu untuk mengetahui hubungan sebab akibat antara satu variabel dengan variabel yang lain. Metode analisis yang digunakan adalah Regresi Linier Berganda. Hasil penelitian menunjukkan bahwa secara simultan menunjukkan bahwa variabel Total Assets Turnover (TATO), Fixed Assets Turnover (FATO), Debt Ratio dan Debt to Equity Ratio (DER) berpengaruh signifikan terhadap Dividen (Dividend Payout Ratio) di Bursa Efek Indonesia. Sedangkan secara parsial menunjukkan bahwa variabel Total Assets Turnover (TATO) berpengaruh secara positif namun tidak signifikan terhadap Dividen (Dividend Payout Ratio), Fixed Assets Turnover (FATO) berpengaruh negatif tidak signifikan terhadap Dividen (Dividend Payout Ratio), variabel Debt Ratio berpengaruh secara negatif namun tidak signifikan terhadap Dividen (Dividend Payout Ratio), dan variabel Debt to Equity Ratio (DER) berpengaruh positif dan signifikan terhadap Dividen (Dividend Payout Ratio) pada Perusahaan anufaktur di Bursa Efek Indonesia. Nilai R Square pada model regresi adalah 0,187, yang berarti bahwa Total Assets Turnover (TATO), Fixed Assets Turnover (FATO), Debt Ratio dan Debt to Equity Ratio (DER) mempengaruhi Dividend Payout Ratio sebesar 18,7%, dan sisanya 81,3% dijelaskan oleh faktor-faktor lain yang tidak termasuk dalam model penelitian ini. Kata Kunci : Total Assets Turnover (TATO), Fixed Asset Turnover (FATO),
ABSTRACT
THE EFFECT OF ACTIVITIES RATIO, AND LEVERAGE ON DIVIDEND IN MANUFACTURING COMPANIES
IN INDONESIA STOCK EXCHANGE
The aim of study was to analyze the effect of activities ratio consists of Total Assets Turnover (TATO), Fixed Asset Turnover (FATO), Leverage consists of Debt Ratio and Debt to Equity Ratio (DER) on Dividend (Dividend Payout Ratio) in manufacturing companies in Indonesia stock exchange. This study used the secondary data from accordance with the objectives of the study. This study used casual associative design to determine the casual relationship between a variable to another variable. The analytical method used was Multiple Linier Regression. The results showed that Total Assets Turnover (TATO), Fixed Asset Turnover (FATO), Leverage consists of Debt Ratio and Debt to Equity Ratio (DER) simultaneously have a significant effect on Dividend Payout Ratio in manufacturing companies in Indonesia stock exchange. The partial test (t-test) showed that Total Assets Turnover (TATO) has unsignificantly positive effect on Dividend Payout Ratio, Fixed Assets Turnover (FATO) has unsignificantly negative effect on Dividend Payout Ratio, Debt Ratio has unsignificantly negative effect Dividend Payout Ratio, and Debt to Equity Ratio (DER) has significantly positive effect on Dividend Payout Ratio in manufacturing companies in Indonesia stock exchange. The R Square value of this regression model was 0,187, which means that Total Assets Turnover (TATO), Fixed Assets Turnover (FATO), Debt Ratio and Debt to Equity Ratio (DER) affect the Dividend Payout Ratio as much 18,7%, and the remaining 81,3% is explained by other factors not included in this study.
