Pengaruh Profitabilitas, Leverage, Likuiditas, Arus Kas Bebas, Ukuran dan Pertumbuhan Perusahaan Terhadap Dividend Payout Ratio Pada Pasar Modal Indonesia Periode 2013-2018

The Effect of Profitability, Leverage, Liquidity, Free Cash Flow, Company Size and Growth on Dividend Payout Ratio in the Indonesian Capital Market for the 2013-2018 Period.

ABSTRAK

Anjumul Azhariyah. 2021. Pengaruh Profitabilitas, Leverage, Likuiditas, Arus Kas Bebas, Ukuran dan Pertumbuhan Perusahaan Terhadap Dividend Payout Ratio Pada Pasar Modal Indonesia Periode 2013-2018. Tesis , Program Studi Manajemen, Pascasarjana, Universitas Negeri Surabaya. Pembimbing: (I) Dr. Andre Dwijanto Witjaksono, S.T., M.Si. dan (II) Dr. Ulil Hartono,  S.E., M.Si.

Kata kunci: Profitabilitas, Leverage, Likuiditas, Arus Kas Bebas, Ukuran Perusahaan, Pertumbuhan Perusahaan, Dividend  Payout  Ratio.

Penelitian ini bertujuan untuk mengetahui dan menganalisis pengaruh profitabilitas, leverage, likuiditas, arus kas bebas, ukuran dan pertumbuhan perusahaan terhadap dividend payout ratio pada pasar modal Indonesia periode 2013-2018. Populasi penelitian ini adalah 143 perusahaan dari sektor Basic industry & chemicals, Consumer goods industry, Miscellaneous industry, dan sektor Trade service and Investment yang terdapat di BEI. Penelitian ini menggunakan metode penarikan sampel purposive sampling jumlah yang diperoleh yaitu sebanyak 10 perusahaan. Metode pengujian data yang digunakan adalah analisis regresi linear berganda. Berdasarkan hasil pengujian data secara simultan bahwa variabel profitabilitas, leverage, likuiditas, arus kas bebas, ukuran dan pertumbuhan perusahaan bersama-sama tidak berpengaruh terhadap dividend payout ratio. Secara parsial profitabilitas, leverage, likuiditas, arus kas bebas, ukuran perusahaan tidak berpengaruh terhadap dividend payout ratio, sedangkan variabel pertumbuhan perusahaan berpengaruh negatif signifikan terhadap dividend payout ratio.

ABSTRACT

Anjumul Azhariyah. 2021. The Effect of Profitability, Leverage, Liquidity, Free Cash Flow, Company Size and Growth on Dividend Payout Ratio in the Indonesian Capital Market for the 2013-2018 Period. Thesis, Management Study Program, The State University of Surabaya. Advisor: (I) Dr. Andre Dwijanto Witjaksono, S.T., M.Si. and (II) Dr. Ulil Hartono, S.E., M.Si.

Keywords: Profitability, Leverage, Liquidity, Free Cash Flow, Company Size, Company Growth, Dividend Payout Ratio.

This study aims to determine and analyze profitability, leverage, liquidity, free cash flow, company size and growth on dividend payout ratio in the Indonesian capital market 2013-2018. This research population is 143 companies from Basic industry & chemicals, Consumer goods industry, Miscellaneous industry, dan sektor Trade service and Investment sectors on the IDX. This research uses purposive sampling method, the number obtained is as many as 10 companies. The data testing method used is multiple linear regression analysis. Based on simultaneous data testing result, the variables of profitability, leverage, liquidity, free cash flow, size and growth of the company do not effect on the dividend payout ratio. Partially, profitability, leverage, liquidity, free cash flow, firm size do not effect on the dividend payout ratio, In contrast the company growth variable has a negative effect on the dividend payout ratio.