PENGARUH CASH RATIO, RETURN ON ASSETS, GROWTH, DEBT TO EQUITY RATIO, FIRM SIZE, DAN KEPEMILIKAN INSTITUSIONAL TERHADAP DIVIDEND PAYOUT RATIO

Abstract

Investors investing aims to earn income (dividend yield) and the difference
between the selling price of stock over its purchase price (capital gain). Investors as
shareholders expect to get large dividends, or at least relatively stable from year to year.
The problem in this study is whether there is a significant influence cash ratio, ROA,
growth, debt to equity ratio, firm size and the institutional ownership of the dependent
variable is the dividend payout ratio at manufacturing companies in the Indonesia Stock
Exchange. The purpose of research is to analyze the significance of the effect of the cash
ratio, ROA, growth, debt to equity ratio, firm size and the institutional ownership of the
dependent variable is the dividend payout ratio at manufacturing companies in the
Indonesia Stock Exchange. The research method uses a case study, the type of data used
quantitative and qualitative data, the data source used secondary data. The population
in this study are all manufacturing companies listed in Indonesia Stock Exchange for the
period 2013-2015 as many as 141 companies, the sampling technique used purposive
sampling that a number of the 30 samples, the data collection methods used
documentation. Data analysis techniques used classical assumption test, multiple linear
regression analysis, t-test, F, and the coefficient of determination. In conclusion, that the
cash ratio, debt to equity ratio, firm size and institutional ownership has no significant
effect on the dividend payout ratio at manufacturing companies in the Indonesia Stock
Exchange, while the ROA and growth significantly influence the dividend payout ratio at
manufacturing companies in Indonesia Stock Exchange,
Keywords: cash ratio, ROA, growth, debt to equity ratio, firm size, institutional
ownership, dividend payout ratio.