ABSTRAK
AZIZAH NUR ARBIYAH. Pengaruh Return On Equity (ROE), Asset Growth, dan Debt to Equity Ratio (DER) Terhadap Kebijakan Dividen Pada Perusahaan Perbankan Yang Terdaftar di LQ45 Periode 2016-2020. Di bawah bimbingan IRMA NOVIDA.
Penelitian ini dilakukan untuk menganalisis Return On Equity (ROE), Asset Growth, dan Debt to Equity Ratio (DER) Terhadap Kebijakan Dividen Pada Perusahaan Perbankan Yang Terdaftar di Indeks LQ45 Periode 2016-2020 secara parsial dan simultan. Nilai-nilai yang diuji dalam skripsi ini menggunakan analisis regresi linear berganda, uji F, uji T, dan koefisien determinasi. Hasil penelitian menggunakan uji F diperoleh nilai Ftabel 3,07. Dalam hal ini Fhitung > Ftabel (4.586 >
3.07), ini menunjukkan bahwa H0 ditolak dan Ha diterima, maka dapat disimpulkan bahwa ROE, Asset Growth, dan DER secara bersama-sama berpengaruh terhadap kebijakan dividen. Hasil penelitian menggunakan uji T diperoleh hasil untuk variabel ROE (X1) untuk thitung sebesar 2.587, sedangkan ttabel sebesar 1.72074. Dari hasil tersebut terlihat bahwa 2.587 > 1.72074, maka dapat disimpulkan bahwa H0
ditolak dan Ha diterima artinya secara parsial variabel ROE berpengaruh negatif dan signifikan terhadap kebijakan dividen. Variabel Asset Growth (X2) diperoleh
thitung sebesar 0.235, sedangkan ttabel sebesar 1.72074. Dari hasil tersebut terlihat
bahwa 0.235 < 1.72074, maka dapat disimpulkan bahwa H0 diterima dan Ha
ditolak artinya secara parsial Asset Growth tidak berpengaruh dan tidak signifikan terhadap kebijakan dividen. Variabel DER (X3) diperoleh thitung sebesar 2.804, sedangkan ttabel sebesar 1.72074. Dari hasil tersebut terlihat bahwa 2.804 >
1.72074, maka dapat disimpulkan bahwa H0 ditolak dan Ha diterima artinya secara parsial variabel DER berpengaruh negatif dan signifikan terhadap kebijakan dividen. Hasil koefisien determinasi sebesar 39,6%, sedangkan sisanya yaitu 60,4% yang disebabkan oleh variabel lain yang tidak diteliti dalam penelitian ini.
Kata kunci : Return On Equity (ROE), Asset Growth, Debt to Equity Ratio (DER) dan Kebijakan Dividen.
ABSTRACT
AZIZAH NUR ARBIYAH. The Effect of Return On Equity (ROE), Asset Growth, and Debt to Equity Ratio (DER) on Dividend Policy in Banking Companies Listed in LQ45 for the 2016-2020 Period. Under the guidance of IRMA NOVIDA.
This study was conducted to analyze the Return On Equity (ROE), Asset Growth, and Debt to Equity Ratio (DER) on Dividend Policy in Banking Companies Listed in the LQ45 Index for the 2016-2020 Period partially and simultaneously. The values tested in this thesis use multiple linear regression analysis, F test, T test, and coefficient of determination. The results of the study using the F test obtained the Ftable value of 3.07. In this case Fcount > Ftable (4,586 > 3.07), this indicates that H0 is rejected and Ha is accepted, so it can be concluded that ROE, Asset Growth, and DER together have an effect on dividend policy. The results of the study using the T test obtained results for the ROE variable (X1) for tcount of 2,587, while ttable of 1,72074. From these results, it can be seen that 2,587 > 1.72074, it can be concluded that H0 is rejected and Ha is accepted, meaning that partially the ROE variable has a negative and significant effect on dividend policy. Variable Asset Growth (X2) obtained tcount of 0.235, while ttable of 1.72074. From these results it can be seen that 0.235 < 1.72074, it can be concluded that H0 is accepted and Ha
is rejected, meaning that partially Asset Growth has no effect and is not significant to dividend policy. The DER variable (X3) obtained tcount of 2.804, while ttable of 1.72074. From these results, it can be seen that 2.804 > 1.72074, it can be concluded that H0 is rejected and Ha is accepted, meaning that partially the DER variable has a negative and significant effect on dividend policy. The result of the coefficient of determination is 39.6%, while the remaining 60.4% is caused by other variables not examined in this study.
Keywords: Return On Equity (ROE), Asset Growth, Debt to Equity Ratio (DER) and Dividend Policy.
