PENGARUH FREE CASH FLOW, INVESTMENT OPPORTUNITY SET, DAN SALES GROWTH TERHADAP DIVIDEND POLICY PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA

Wiby Aqlia Ramadhan,

Abstract


Abstrak

 

Penelitian ini bertujuan untuk menguji secara empiris pengaruh free cash flow, investment opportunity set, dan sales growth terhadap dividend policy pada perusahaan manufaktur di BEI periode 2010-2013. Teknik analisis data yang digunakan adalah regresi linier berganda. Hasil dari penelitian ini menunjukkan bahwa investment opportunity set berpengaruh negatif dan signifikan terhadap dividend policy. Free cash flow dan sales growth tidak berpengaruh terhadap dividend policy. Pengujian secara simultan ketiga variabel ini mempunyai pengaruh terhadap dividend policy.

 

Kata Kunci         :    Free Cash Flow, Investment Opportunity Set, Sales Growth, dan Dividend Policy.

                                                                                                                     

Abstract

 

This study was aimed to investigate the effects of free cash flow, investment opportunity set, and sales growth to the dividend policy of the manufacture companies listed in BEI during 2010-2013. Multiple regression was used to analyze the data. The result of this study showed that investment opportunity set had negative and significant effect to debt policy. Free cash flow and sales growth had un-significant effect to dividend policy. The simultaneous testing showed that the three variables had influence to debt policy.


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References


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