PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN FOOD ANDBEVERAGE YANG LISTING DI BEI

Pratiwi, Nofi Agung Budi (2008) PENGARUH LIKUIDITAS DAN LEVERAGE TERHADAP KEBIJAKAN DIVIDEN PADA PERUSAHAAN FOOD ANDBEVERAGE YANG LISTING DI BEI. Other thesis, University of Muhammadiyah Malang.

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Abstract

This research was an empirical study titled ”Influence of liquidity and leverage to the dividen policy at Food and Beverage Organization Listed at Indonesian Stock Exchange (BEI)”. The research aimed to find out whether liquidity and leverage influeced the divident policy and also to find out which variable influenced dividen policy. In this research, the writer took two hypothesis. They were : liquidity and leverage influenced dividen, and liquidity influenced more to dividen policy. Analytical tool used to find out the influence of liquidity and leverage to dividen policy were by using double linear regression. Each variables measured using cash ratio to find out organization liquidity level, leverage used debt to total active, and dividen policy by dividen payout ratio. For hypothesis test there used simultaneous test (F) and partial test. Simultaneous equatio showed that liquidity and leverage has significant influence to dividen policy, in this research, F count was 12.39 with significance 0.003 smaller than 5%. According to the partial hypothesis test result, liquidity has more influence to the dividen policy, from the equation, there found t-count 4.112 and in significance level 0.002 smaller than 5%. And for liquidity, t-count was found -2.790 and located in the significance level smaller from significance degree (5%). Hasil perhitungan simultan menunjukkan bahwa likuiditas dan leverage berpengaruh signifikan terhadap kebijakan dividen, dalam penelitian ini di dapat F hitung 12.39 dengan tingkat signifikasi 0.003 lebih kecil dari 5 %. Berdasarkan hasil uji hipotesis partial menunjukkan bahwa likuiditas lebih berpengaruh terhadap kebijakan dividen, dari hasil perhitungan diperoleh nilai t-hitung 4.112 dan berada pada tingkat signifikasi 0.002 lebih kecil dengan yang telah ditetapkan 5 %. Sedangkan untuk likuiditas t-hitung diketahui -2.790 dan berada pada tingkat signifikasi lebih kecil dari derajat signifikasi (5 %). From the hypothesis test, there found that liquidity and leverage has significance influence to the dividen policy and liquidity influenced the dividen policy. Then the first and the second hypothesis could be accepted. Accordint to above conclusion, the writer could imply that it would be better that the organization paid attention to the liquidity and leverage level which influenced dividen policy.

Item Type: Thesis (Other)
Subjects: H Social Sciences > HB Economic Theory
Divisions: Faculty of Economic > Department of Accounting
Depositing User: Anggit Aldila
Date Deposited: 08 Jun 2012 02:37
Last Modified: 08 Jun 2012 02:37
URI: http://eprints.umm.ac.id/id/eprint/6747

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