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All Journal Jesya (Jurnal Ekonomi dan Ekonomi Syariah) JPPI (Jurnal Penelitian Pendidikan Indonesia) Jurnal Ilmiah Manajemen dan Bisnis ACADEMICS IN ACTION Journal of Community Empowerment Jurnal Manajemen Jurnal Ekonomi Jurnal Ekonomi Perusahaan Jurnal Penelitian Pendidikan Indonesia Jurnal Abdimas: Sosial, Bisnis, dan Lingkungan
Martha Ayerza Esra
Institut Bisnis dan Informatika Kwik Kian Gie
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Languange, Linguistic, Communication & Media Social Sciences Other

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Journal : Jurnal Ilmiah Manajemen dan Bisnis

 1 
ANALISIS PENGARUH ASSET GROWTH, RETURN ON ASSETS, DAN DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2018 Martha Ayerza Esra
Jurnal Ilmiah Manajemen & Bisnis Vol 5 No 1 (2020)
Publisher : Universitas Pendidikan Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (376.348 KB)

Abstract

Berbagai penelitian telah dilakukan mengenai pengaruh asset growth, return on assets, dan debt to equity ratio terhadap dividend payout ratio. Namun hasilnya masih belum konsisten. Teori yang mendasari penelitian ini adalah dividend residual theory, life cycle theory, dan transaction cost theory. Menurut dividend residual theory, perusahaan akan membayar dividen jika tidak memiliki investasi yang menguntungkan. Kemudian menurut life cycle theory, perusahaan pada tahap perumbuhan yang tinggi akan membutuhkan dana internal untuk mendanai pertumbuhan investasinya. Dan menurut transaction cost theory, salah satu faktor dividen tingi adalah rendahnya biaya transaksi dan biaya-biaya lainnya. Sampel dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2018. Teknik pengambilan sampel adalah teknik non-probability sampling dengan menggunakan metode purposive sampling. Teknik analisis data menggunakan model regresi linier berganda dengan menggunakan software IBM SPSS Statistic Versi 20. Berdasarkan pengujian yang telah dilakukan, penelitian ini menghasilkan temuan bahwa asset growth berpengaruh negatif dan signifikan terhadap dividend payout ratio, return on assets berpengaruh positif dan signifikan terhadap dividend payout ratio, dan debt to equity ratio tidak berpengaruh signifikan terhadap dividend payout ratio.  Kata Kunci : Asset Growth, Return on Assets, Debt to Equity Ratio, Dividend Payout Ratio. Abstract Some researches have been done to investigate the influence of asset growth, return on assets, and debt to equity ratio on dividend payout ratio. But, the results are still not consistent. Dividend residual theory, life cycle theory, and transaction cost theory used in this research. According to dividend residual theory, the firm will pay a dividen if it does not have a profitable investment. Then, according to life cycle theory, the firm at the stage of high growth will need internal fund for funding investment growth. And according transaction cost theory, one of high dividend factor is low transaction cost and another cost. Data samples of this researches are manufacturing companies listed on the Indonesia Stock Exchange from 2016-2018. Sampling technique to be used is the non-probability sampling with using purposive sampling method. Data analysis technique is multiple linear regression model. The data processing is used in this research is software IBM SPSS Statistics Version 20. Based on the research that has been done, The result of this researche that asset growth has a negative and significant effect on dividend payout ratio, return on assets has a positive and significant effect on dividend payout ratio, and debt to equity ratio has a not significant effect on dividend payout ratio. Keywords : Asset Growth, Return on Assets, Debt to Equity Ratio, Dividend Payout Ratio. 
PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR TERHADAP INDEKS HARGA SAHAM GABUNGAN PERIODE 2016 – 2018 Irine Melyani; Martha Ayerza Esra
Jurnal Ilmiah Manajemen & Bisnis Vol 6 No 1 (2021)
Publisher : Universitas Pendidikan Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (211.063 KB) | DOI: 10.38043/jimb.v6i1.3060

Abstract

The movement of stock price index is the important indicator for investors to determine whether the investor would sell, buy, or hold shares. The movement of CSPI is affected by several factor like macroeconomy. The purpose of this study was to determine the effect of inflation, interest rate, and exchange rate against CSPI. Theoretically, the effect of inflation, interest rate, and exchange rate is based on efficient market hyphothesis and signalling theory which inflation, interest rate and exchange rate provide signal to investor which affect their decision that cause change to CSPI. The type of data used in this study is secondary data with quantitative approach. The sampling is based on time series data from 2016-2018 using purposive sampling methodso that 36 samples are obtained. This research uses multiple uses multiple regression analysis method using SPSS 2.2. The results of this study indicate that during the period 2016-2018 inflation does not affect CSPI, the interest rate have negative affect on CSPI and exchange rate have positive affect on CSPI. Future research is expected to add another independent variable and extend the time range of the research to obtain ore accurate and comprehensive results. Keywords: Inflation, Interest Rate, Exchange Rate, Composite Stock Price Indonesia
ANALISIS PENGARUH ASSET GROWTH, RETURN ON ASSETS, DAN DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2018 Martha Ayerza Esra
Jurnal Ilmiah Manajemen & Bisnis Vol 5 No 1 (2020)
Publisher : Universitas Pendidikan Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (376.348 KB)

Abstract

Berbagai penelitian telah dilakukan mengenai pengaruh asset growth, return on assets, dan debt to equity ratio terhadap dividend payout ratio. Namun hasilnya masih belum konsisten. Teori yang mendasari penelitian ini adalah dividend residual theory, life cycle theory, dan transaction cost theory. Menurut dividend residual theory, perusahaan akan membayar dividen jika tidak memiliki investasi yang menguntungkan. Kemudian menurut life cycle theory, perusahaan pada tahap perumbuhan yang tinggi akan membutuhkan dana internal untuk mendanai pertumbuhan investasinya. Dan menurut transaction cost theory, salah satu faktor dividen tingi adalah rendahnya biaya transaksi dan biaya-biaya lainnya. Sampel dalam penelitian ini adalah perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2016-2018. Teknik pengambilan sampel adalah teknik non-probability sampling dengan menggunakan metode purposive sampling. Teknik analisis data menggunakan model regresi linier berganda dengan menggunakan software IBM SPSS Statistic Versi 20. Berdasarkan pengujian yang telah dilakukan, penelitian ini menghasilkan temuan bahwa asset growth berpengaruh negatif dan signifikan terhadap dividend payout ratio, return on assets berpengaruh positif dan signifikan terhadap dividend payout ratio, dan debt to equity ratio tidak berpengaruh signifikan terhadap dividend payout ratio.  Kata Kunci : Asset Growth, Return on Assets, Debt to Equity Ratio, Dividend Payout Ratio. Abstract Some researches have been done to investigate the influence of asset growth, return on assets, and debt to equity ratio on dividend payout ratio. But, the results are still not consistent. Dividend residual theory, life cycle theory, and transaction cost theory used in this research. According to dividend residual theory, the firm will pay a dividen if it does not have a profitable investment. Then, according to life cycle theory, the firm at the stage of high growth will need internal fund for funding investment growth. And according transaction cost theory, one of high dividend factor is low transaction cost and another cost. Data samples of this researches are manufacturing companies listed on the Indonesia Stock Exchange from 2016-2018. Sampling technique to be used is the non-probability sampling with using purposive sampling method. Data analysis technique is multiple linear regression model. The data processing is used in this research is software IBM SPSS Statistics Version 20. Based on the research that has been done, The result of this researche that asset growth has a negative and significant effect on dividend payout ratio, return on assets has a positive and significant effect on dividend payout ratio, and debt to equity ratio has a not significant effect on dividend payout ratio. Keywords : Asset Growth, Return on Assets, Debt to Equity Ratio, Dividend Payout Ratio. 
PENGARUH INFLASI, SUKU BUNGA, DAN NILAI TUKAR TERHADAP INDEKS HARGA SAHAM GABUNGAN PERIODE 2016 – 2018 Irine Melyani; Martha Ayerza Esra
Jurnal Ilmiah Manajemen & Bisnis Vol 6 No 1 (2021)
Publisher : Universitas Pendidikan Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (211.063 KB) | DOI: 10.38043/jimb.v6i1.3060

Abstract

The movement of stock price index is the important indicator for investors to determine whether the investor would sell, buy, or hold shares. The movement of CSPI is affected by several factor like macroeconomy. The purpose of this study was to determine the effect of inflation, interest rate, and exchange rate against CSPI. Theoretically, the effect of inflation, interest rate, and exchange rate is based on efficient market hyphothesis and signalling theory which inflation, interest rate and exchange rate provide signal to investor which affect their decision that cause change to CSPI. The type of data used in this study is secondary data with quantitative approach. The sampling is based on time series data from 2016-2018 using purposive sampling methodso that 36 samples are obtained. This research uses multiple uses multiple regression analysis method using SPSS 2.2. The results of this study indicate that during the period 2016-2018 inflation does not affect CSPI, the interest rate have negative affect on CSPI and exchange rate have positive affect on CSPI. Future research is expected to add another independent variable and extend the time range of the research to obtain ore accurate and comprehensive results. Keywords: Inflation, Interest Rate, Exchange Rate, Composite Stock Price Indonesia
Co-Authors Amelia Sandra Armi Bakar Brastoro Brastoro Brenda Aurellia Budi Berlinton Sitorus Elis Sondang Dasawaty Elisabeth Vita Mutiarawati Farida Komalasari Irine Melyani Nurlela Nurlela Prima Apriwenni Reinitha Jeanne Rizka Indri Arfianti Selvy Selvy Siti Meisyaroh Teresia Agnes Timothy Salvatore Tony Sitinjak