PENGARUH FREE CASH FLOW, RETURN ON ASSETS, TOTAL ASSETS TURNOVER DAN SALES GROWTH TERHADAP DIVIDEND PAYOUT RATIO (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012)

Authors

  • Umi Mardiyati Fakultas Ekonomi Unversitas Negeri Jakarta
  • Destyarsah Nusrati Fakultas Ekonomi Unversitas Negeri Jakarta
  • Hamidah Hamidah Fakultas Ekonomi Unversitas Negeri Jakarta

Keywords:

Free Cash Flow, Return On Assets, Total Assets Turnover, Sales Growth, Dividend Payout Ratio

Abstract

The purpose of this study is to know the effect of Free Cash Flow, Return On Assets, Total Assets Turnover, and Sales Growth on Manufacture Firm Dividend Payout Ratio Listed in Indonesia Stock Exchange Period 2008 - 2012. The sample of several companies on Manufacturer Firm listed on Indonesia Stock Exchange. The research model in this study using panel data analysis (unbalanced panel) with fixed effect approach. The empirical results show that ROA have positive and significant effect on DPR. As for, free cash flow, and TATO have negative significant effect on DPR, but sales growth have negative and not significant effect on DPR. Simultaneous test showed that free cash flow, return on assets, total assets turnover, and sales growth significant effect on dividend payout ratio.

 

Keywords: Free Cash Flow, Return On Assets, Total Assets Turnover, Sales Growth, Dividend Payout Ratio

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Published

2014-09-30

How to Cite

Mardiyati, U., Nusrati, D., & Hamidah, H. (2014). PENGARUH FREE CASH FLOW, RETURN ON ASSETS, TOTAL ASSETS TURNOVER DAN SALES GROWTH TERHADAP DIVIDEND PAYOUT RATIO (STUDI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2008-2012). JRMSI - Jurnal Riset Manajemen Sains Indonesia, 5(2), 204–221. Retrieved from https://journal.unj.ac.id/unj/index.php/jrmsi/article/view/802

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