PENGARUH ARUS KAS INVESTASI, PERTUMBUHAN ASSET DAN PERTUMBUHAN LABA TERHADAP KEBIJAKAN DIVIDEN PADA SUB SEKTOR INDUSTRI FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020

Utari Ulviadita, Utari Ulviadita (2022) PENGARUH ARUS KAS INVESTASI, PERTUMBUHAN ASSET DAN PERTUMBUHAN LABA TERHADAP KEBIJAKAN DIVIDEN PADA SUB SEKTOR INDUSTRI FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2016-2020. skripsi thesis, Universitas Batanghari.

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Abstract

ABSRTACT Utari Ulviadita/ 1800861201306/ 2020 / The Effect of Investment Cash Flow, Asset Growth, and Profit Growth on Dividend Policy in the Pharmaceutical Industry Sub-Sector Listed on the Indonesia Stock Exchange (BEI) Period 2016-2020/1 st Advisor Dr. Hj. Arna Suryani SE, M.Ak, CA/2 Advisor Fadil Iskandar, S.E, MM. The purpose of this study is to be able to analyze the effect of Investment Cash Flow, Asset Growth, and Profit Growth Simultaneously on Dividend Policy as assessed from the Dividend Pay Out Ratio in Pharmaceutical Industry SubSector Companies listed on the Indonesia Stock Exchange for the 2016-2020 period. And to be able to partially analyze the effect of Investment Cash Flow, Asset Growth, and Profit Growth on Dividend Policy assessed from the Dividend Pay Out Ratio in Pharmaceutical Industry Sub-Sector Companies listed on the Indonesia Stock Exchange for the 2016-2020 period. The source of data in this study is the official website of the Indonesian Stock Exchange. This research uses analytical tools: Multiple Regression Analysis, classical assumption test: Normality Test, Multicollinearity Test, Autocorrelation Test, Heteroscedasticity Test, hypothesis testing: F Test (F Test), Hypothesis Test (t test), and Coefficient of Determination of normality test results, so it can be concluded that the residuals are normally distributed at 0.636 > 0.05. The results of multiple regression analysis, the coefficients for the independent variables X 1 0.068, X 2 0.665, X 3 -0.164 constants of 0.000 so that the multiple linear regression equation model with panel data obtained: Y = 0.000 + 0.068X 1 + 0.665X 2 − 0.164X 3 + e test results F , obtained Ftable of 2.98, Fcount greater than Ftable (7,356 > 2.98) means that there is an influence between Investment Cash Flow, Asset Growth, and Profit Growth together (simultaneously) on Dividend Policy which is assessed from the dividend payout ratio . T-test, partially Cash Flow Investment, Asset Growth, and Profit Growth have no effect on dividend payout ratio. Payout Ratio in Pharmaceutical Industry Sub-Sector Companies Listed on the Indonesia Stock Exchange for the 2016-2020 Period. Based on the results of the F test simultaneously, Investment Cash Flow, Asset Growth, and Profit Growth have a significant effect on Dividend Policy which is assessed from the Dividend Payout Ratio listed on the Indonesia Stock Exchange for the 2016-2020 period, where Fcount is greater than Ftable (7.356 > 2.98) with a coefficient of determination of 0.459 or 45,9%, which means that Investment Cash Flow, Asset Growth, and Profit Growth have an effect on the Dividend Payout Ratio of 45,9%. And based on the results of the t test, it can be seen that partially X1 (Investment Cash Flow), X2 (Asset Growth), and X3 (Profit Growth) have no effect on the Y variable Dividend Policy which is proxied to (Dividend Payout Ratio).

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