Pengaruh Cash Ratio dan Earning Per Share Terhadap Dividend Pay Out Ratio pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia

Penulis

  • Peri Setiawan Program Studi Administrasi Bisnis, FISIP, Universitas Tulang Bawang Lampung
  • Suradi
  • Aprilianto Amir Program Studi Administrasi Bisnis, FISIP, Universitas Tulang Bawang Lampung

DOI:

https://doi.org/10.37090/bpj.v3i1.1122

Abstrak

The capital market is one of the ways chosen by the company in meeting the needs of additional company funds to develop the company's operations to survive in the global economy. Investors invest their capital in shares in a company with the main objective of obtaining a return on investment  in the form of dividends and capital gains.  The purpose of this study is to analyze the effect of Cash Ratio and Earnings Per Share on Dividend Payout Ratio in manufacturing companies listed on the Indonesia Stock Exchange. The data used are secondary data that is produced from other existing sources, for example research must go through others or search through documents, journals or books (name, year, page,). This research is a quantitative study with a descriptive approach. Samples of this study using panel data, were  taken as many as 8 manufacturing  companies that were in accordance with predetermined criteria with the research period 2016 - 2020. The study used the software of SPSS 2.0 and the results ere Cash Ratio effects the Dividend Payout Ratio based on the results of calculations and analysis can be calculated t-value = 6.255 with a sig. Value = 0.000., This significant value <0.05,.  Earning Per Share has a significant effect on the Dividend Payout Ratio based on the results of calculations and analysis obtained calculated t-value = 3.837 with a sig. value. = 0.001, sig. value = 0.001 < 0.05, Cash ratio and Earning Per Share have a significant effect on the Dividend Payout Ratio based on the calculation and analysis results obtained value t-calculate = 69.818 the value of sig. = 0.000 because the value of sig. < 0.05 the result of the coefficient of being amended adjust R2 obtained 0.951, means that this study contributed 95.1% while 4.9% was determined by other factors outside this study,  this hall showed that the available data had qualified for the use of the panel data regression model. From the results of the analysis, it shows that the Cash Ratio, and Earning Per Share effect to the Dividen Payout Ratio.

Keywords: cash ratio, earning per share, and dividend payout ratio, capital market

Referensi

Ali, S., dan J. Hartono (2002). Analisis Pengaruh Pemilihan Metode Akuntansi Terhadap Pemasukan Penawaran Perdana. Jurnal Ekonomi dan Bisnis Indonesia, 17 (2), hal. 211- 225.

Afrizal. (2017). Metode Penelitian Kualitatif: Sebuah Upaya Mendukung Penggunaan Penelitian Kualitatif Dalam Berbagai Disiplin Ilmu. Depok: PT Rajagrafindo Persada.

Agus Sartono, 2014, Manajemen Keuangan Teori dan Aplikasi, BPFE, Yogyakarta.

Brigham, E. F., & Houston, J. F. (2015). Manajemen Keuangan. Jakarta; Erlangga.

Eduardus Tandelilin., 2017, Pasar Modal Manajemen Portofolio & Investasi, Depok: PT. Kanisius

Fauziah, 2017. Buku Dasar-dasar Akuntansi. Bumi Pamulang; Ilmu Jogiyanto, 2016. Analisis & Desain. Jogyakarta; ANDI

Ghozali, Imam. (2016). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 23. Semarang: BPFE Universitas Diponegoro.

Gumanti, Tatang Ary. 2013. Kebijakan Dividen Teori, Empiris, dan Implikasi. Jakarta: UPP STIM YKPN

Harmono. (2018). Manajemen Keuangan: berbasis balanced scorecard. Edisi 1.PT Bumi Aksara: Jakarta.

Hermuningsih, Sri. 2012. Pengantar Pasar Modal Indonesia. Yogyakarta UPP STIM YKPN.

Haraha 2015. Analisis Kritis atas Laporan Keuangan. Jakarta: Rajawali Pers.

Hery. 2015. Analisis Laporan Keuangan. Yogyakarta: CAPS (Center for Academic Publishing Service).

Ifat Fauziah, 2017. Buku Dasar-dasar Akuntansi. Bumi Pamulang; Ilmu. Kasmir, 2016. Analisis Laporan Keuangan. Jakarta : PT. RajaGrafindo Persada.

Iskandar. 2014. Asuhan Keperawatan Jiwa. Bandung : Refika Aditama.

Jeany C, Giacinta 2016. Pengaruh Current Ratio (CR), Earnings per Share (EPS) dan Price Earnings Ratio Terhadap Harga Saham: Studi pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2012-2014. Jurnal Akuntansi. Vol.8 No.1, Hal: 131- 156.

Mohamad, Samsul. 2015. Pasar Modal dan Manajemen Portofolio, Edisi 2. Jakarta: Erlangga.

Martalena, dan Malinda. 2011. Pengantar Pasar Modal. Edisi Pertama. Yogyakarta

Musthafa. 2017. Manajemen Keuangan. Yogyakarta: CV. Andi Offset.

Munawir. S. 2002. Akuntansi Keuangan dan Manajemen. Edisi Revisi. Penerbit BPFE: Yogyakarta.

Mila Ayu Cahyani (2017). Pengaruh Return On Asset (ROA), Retun On Equity (ROE), dan Earning Pershare (EPS) Terhadap Harga Saham. e-Proceeding of Management. ISSN: 2355-9357. Indonesia. Universitas Telkom.

Sunariyah. 2011. Pengantar Pengetahuan Pasar Modal, Edisi ke empat. Yogyakarta Unit Penerbit dan Percetakan AMP YKPN.

Sutrisno. 2012. Manajemen Keuangan Teori Konsep dan Aplikasi. Yogyakarta : Ekonisia.

Sulindawati. (2017). Manajemen Keuangan: Sebagai Dasar Pengambilan Keputusan Bisnis. Depok: Penerbit PT Raja Grafindo Persada.

Sulaeman Rahman Nidar, 2016, Manajemen Keuangan Perusahaan Modern: Pustaka Reka Cipta, Bandung.

Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif, dan R&D.

Diterbitkan

2023-06-05

Terbitan

Bagian

List of Articles in This Issue

Artikel paling banyak dibaca berdasarkan penulis yang sama

Obs.: Plugin ini minimal membutuhkan satu plugin statistik/laporan aktif. Jika plugin statistik menghasilkan lebih dari satu metrik, pilihlah metrik utama pada pengaturan halaman admin dan/atau pada halaman pengaturan manajer jurnal.