ABSTRAK
PENGARUH RASIO KEUANGAN, KEPUTUSAN INVESTASI SERTA RISIKO KEUANGAN TERHADAP DIVIDEND PAYOUT RATIO
PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA
TAHUN 2010-2014
Penelitian ini bertujuan untuk mengetahui pengaruh faktor teknikal terhadap harga saham pada perusahaan makanan dan minuman di Bursa Efek Indonesia. Jenis data yang digunakan adalah data sekunder yang bersumber dari laporan keuangan perusahaan. Penelitian ini menggunakan tehnik analisis deskriptif dan analisis regresi linear berganda dengan metode Random Effects Model (REM). Hasil penelitian menunjukkan bahwa secara simultan Rasio Keuangan, Keputusan Investasi,Risiko Keuangan, berpengaruh positif dan signifikan Dividend Payout Ratio . Secara parsial (Uji t) dengan metode Random Effects Model (REM) menunjukkan bahwa Return on Assets (ROA), Price Earning Ratio (PER), dan Time Interest Earned (TIE) berpengaruh positif dan signifikan terhadap Dividend Payout Ratio sedangkan Debt to Assets Ratio (DAR), dan Current Ratio (CR), tidak berpengaruh signifikan terhadap Dividend Payout Ratio pada perusahaan manufaktur di Bursa Efek Indonesia periode 2010-2014.
di Bursa Efek Indonesia periode 2011-2014. Nilai koefisien determinasi sebesar 98,16% sedangkan sisanya sebesar 1,84% dijelaskan oleh variabel lain yang tidak diikutsertakan dalam penelitian ini.
Kata Kunci : Rasio Keuangan, Keputusan Investasi,Risiko Keuangan, Dividend Payout Ratio
ABSTRACT
THE EFFECT OF FINANCIAL RATIO, INVESTMENT DECISION, AND FINANCIAL RISK IN DIVIDEND PAYOUT RATIO ON MANUFACTURING COMPANY IN THE INDONESIA STOCK
EXCHANGE ON 2010-2014
This research to aims and analysis the influence of financial ratio, investment decision, and financial risk in dividend payout ratio on manufacturing company in the Indonesia Stock Exchange. The data used is secondary data obtained from the company's financial statements food and beverage sub-sectors listed in Indonesia Stock Exchange (BEI). This research uses descriptive analysis techniques and multiple linear regression analysis method Random Effects Model (REM). The results showed that simultaneous financial ratio, investment decision, financial risk, influnce positive and significant on dividend payout ratio. Partially (Uji t) with Random Effects Model (REM) showed that Return on Assets (ROA), Price Earning Ratio (PER), and Time Interest Earned (TIE) influenced positive and significant on Dividend Payout Ratio. Otherwise, Debt to Assets Ratio (DAR), and Current Ratio (CR), is not influence significant on Dividend Payout Ratio in Indonesia Stock Exchange period 2011- 2014. The coefficient of determination equal to 98.16% while the rest of 1.84% is explained by other variables not included in this study.
Keywords: Financial Ratio, Investment Decision, Financial Risk, Dividend
Payout Ratio
