PENGARUH RETURN ON INVESTMENT, CURRENT RATIO, DEBT TO EQUITY RATIO, EARNING PER SHARE DAN FIRM SIZE TERHADAP DIVIDEND PAYOUT RATIO PADA BANK ASING YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021
Abstract
Penelitian ini bertujuan untuk menganalisi pengaruh return on investment, current ratio, debt to equity ratio, earning per share, dan firm size terhadap dividend payout ratio pada bank asing yang terdaftar di Bursa efek Indonesia. Metode yang digunakan dalam penelitian ini adalah metode kuantitatif menggunakan data sekunder. Berdasarkan hasil penelitian dan pengujian hipotesis, maka diperoleh kesimpulan yaitu ukuran perusahaan berpengaruh signifikan positif terhadap rasio pembayaran dividen pada bank asing yang terdaftar di Bursa Efek Indonesia tahun 2017 hingga 2021. Namun, laba atas investasi, rasio lancar, dan laba per lembar saham memiliki pengaruh yang tidak signifikan terhadap rasio pembayaran dividen. Rasio utang terhadap modal berpengaruh signifikan negatif terhadap rasio pembayaran dividen.
References
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Novyarni, N., & Permana, R. Y. (2020). Effect of Current Ratio, Return on Asset, Net Profit Margin and Debt to Equity Ratio on Dividend Pay Out Ratio (For Company Listed in the LQ45 on Indonesian Stock Exchange). 127(Aicar 2019), 41–45. Https://Doi.Org/10.2991/Aebmr.K.200309.010
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Radiman, R., & Wahyuni, S. F. (2019). The Effect of Cash Position, Firm Size, Growth Opportunity, Ownership, and Return on Assets on Dividend Payout Ratio (DPR) In Automotive Companies Listed on the Indonesia Stock Exchange. 343(Icas), 187–195. Https://Doi.Org/10.2991/Icas-19.2019.39
Rifqi, A., & Arfianto, E. D. (2018). The Influence of Profitability, Debt to Equity Ratio, Firm Size, Innovation, and Time Discounting to Dividend Payout Ratio. Diponegoro Journal of Management, 7(4), 1–11.
Sebastian, A., & Siauwijaya, R. (2021). The Impact of Financial Ratios on the Dividend Payout Ratio in Coal Mining Companies. Business Economic, Communication, and Social Sciences (BECOSS) Journal, 3(2), 51–60. Https://Doi.Org/10.21512/Becossjournal.V3i2.7246
Sukmadewi, R., Dewi Sartika, Mulyani Rodi Muin, & Deviana Sofyan. (2021). The Effect of Liquidity Ratio and Solvency Ratio on the Profitability of Plantation Subsector Companies Listed on the Indonesian Stock Exchange. Husnayain Business Review, 1(1), 69–77. Https://Doi.Org/10.54099/Hbr.V1i1.23
Supami, A. (2021). The Effect of Debt to Equity Ratio and Current Ratio on Firm Value. Journal of Accounting and Business Education, 8(2), 1–13.
Tania Rahmadi, Z. (2020). The Influence of Return on Investment, Current Ratio, Debt to Equity Ratio, Earning Per Share, and Firm Size to the Dividend Pay Out Ratio in Banking Industries Listed at Indonesia Stock Exchange Period 2013-2018. Dinasti International Journal of Digital Business Management, 1(2), 260–276. Https://Doi.Org/10.31933/Dijdbm.V1i2.157
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Wulandari, A. (2017). Pengaruh Debt to Equity Ratio, Return on Asset, Firm Size terhadap Dividend Payout Ratio pada Perusahaan Sub Sektor Wholesale dan Retail yang Terdaftar di BEI Ratna Wulandari, Susi Astuti Jurusan Manajemen, Sekolah Tinggi Ilmu Ekonomi Putra Bangsa Ema. 1–9.
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Arsyad, M., Haeruddin, S. H., Muslim, M., & Pelu, M. F. A. R. (2021). The Effect Of Activity Ratios, Liquidity, And Profitability on the Dividend Payout Ratio. Indonesia Accounting Journal, 3(1), 36. Https://Doi.Org/10.32400/Iaj.30119
Astuti, M. (2018). Pengaruh Sales Growth dan Profitabilitas terhadap Dividen Payout Ratio pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia. I-Economics: A Research Journal On Islamic Economics,4(1),112– 124.
Azmal, R., Negoro, D. A., Yanuar, T., & Syah, R. (2019). The Influence Cash Position Analysis Over Debt to Equity Ratio, Return on Assets, And Inventory Turnover on Dividend Payout Ratio: Consumer Goods Companies in Indonesia Stock Exchange 2012-2017 Case Study. Journal of Multidisciplinary Academic, 3(4).
Budiman, J., & Helena (2017). Analisis Pengaruh Tata Kelola Perusahaan Terhadap Struktur Modal Dengan Kualitas Laporan Keuangan Sebagai Mediator Pada Perusahaan Yang Terdaftar Di Bursa Efek. Jurnal Manajemen, Vol 16, No 2, ISSN 1411-9293 e-ISSN 2579-4094. 133-212.
Chan, A. S. (2020). The Analysis Over the Influence On Dividend Payout Ratio through These Variables Return on Assets, Debt to Equity Ratio, and Current Ratio at Manufacturing Companies Which Has Been Include on Indonesia Stock Exchange during Period 2012-2014. International Journal of Innovative Science and Research Technology, 5(3), 1191–1195. Https://Goo.Gl/Df9r4u
Daulat Tambun Saribu, H., & Januardin, J. (2021). The Effect of Company Growth, Current Ratio and Leverage Ratio of Dividend Policy in Trade, Services, and Companies Investment That Is on the IDX. Journal of Sosial Science, 2(2), 144–151. Https://Doi.Org/10.46799/Jsss.V2i2.109
Delima, L., Wasil, M., & Dharmani, I. G. A. A. N. (2020). The Influence of Return on Asset, Return on Equity, and Debt Equity Ratio against Its Policies Amount of Dividends to on Several Manufacturing Companies Who to That It is Listed on a Stock Exchange 2014-2018. 1(1), 47–59.
Fauzi, I. Della, & Rukmini, R. (2018). The Effect Of Financial Performance Measured with Rentability Ratio against Dividend Payout Ratio (Empirical Study on Manufacturing Companies Group Listed on BEI). International Journal of Economics, Business and Accounting Research (Ijebar), 2(01), 19–33. Https://Doi.Org/10.29040/Ijebar.V2i01.228
Hanif, M., & Bustaman. (2017). Pengaruh Debt To Equity Ratio, Return On Asset, Firm Size dan Earning Per Share terhadap Dividend Payout Ratio. Jurnal Ilmiah Mahasiswa Ekonomi Akuntansi, 2(1), 73–81.
Herawati, A., & Irradha Fauzia, F. (2018). The Effect of Current Ratio, Debt to Equity Ratio and Return on Asset on Dividend Payout Ratio in Sub-Sector Automotive and Component Listed In Indonesia Stock Exchange in Period 2012–2016. Kne Social Sciences, 3(10), 1076–1086. Https://Doi.Org/10.18502/Kss.V3i10.3450
Jati, W. (2020). Effect of Current Ratio and Return on Equity on Dividend Payout Ratio Policy. Jurnal Ilmiah Ilmu Administrasi Publik, 10(1), 63. Https://Doi.Org/10.26858/Jiap.V10i1.13571
Kurniawan, E. S., Sukoco, A., & Suyono, J. (2019). The Influence of Return on Assets, Return on Equity, Debt Equity Ratio on Dividend Policy of Pharmaceutical Companies Listed on the Indonesia Stock Exchange Period 2014-2017. Ijieeb : International Journal of Integrated Education, Engineering and Business, 2(2), 87–94. Https://Doi.Org/10.29138/Ijieeb.V2i2.956
Lestari, N. O. (2019). Pengaruh Debt Equity Ratio (DER), Return on Asset (ROA), Cash Position (Cash), Asset Growth (Growth) terhadap Dividen Payout Ratio pada Perusahaan Manufaktur Sub Sektor Food and Beverage yang Terdaftar di BEI Periode 2014-2016. Aplikasi Administrasi: Media Analisa Masalah Administrasi, 22(1), 46. Https://Doi.Org/10.30649/Aamama.V22i1.112
Maida, W., Firdaus, M. I., & Arshandi, P. (2021). The Effect of Current Ratio, Debt to Equity Ratio and Return on Assets on Company Value. Humanis, 1(2), 1039–1046.
Martha, & Juliani, C. (2018). Effect Of Current Ratio, Debt to Equity Ratio, Earning Per Share, Return on Assets, and Asset Growth on Dividend Payout Ratio in LQ-45 Company Listed on Indonesia Stock Exchange Period 2010-2016. Kurs, 3(1), 80–88. Http://Www.Ejournal.Pelitaindonesia.Ac.Id/Ojs32/Index.Php/Kurs/Article/View/193/168
Monika Sales Br Sihaloho. (N.D.). Pengaruh Sales Growth, Profitabilitas dan Ukuran Perusahaan terhadap Dividend Payout Ratio pada Perusahaan Perbankan yang Terdaftar Di Bursa Efek Indonesia Periode 2015-2019.
Noviandari, N. (2021). A Company Size Role In Moderating the Cash Position Relationship, Return on Assets, and Debt to Equity Ratio to Dividend Payout Ratio. Https://Doi.Org/10.51971/Joma.V5n3.0503180721
Novyarni, N., & Permana, R. Y. (2020). Effect of Current Ratio, Return on Asset, Net Profit Margin and Debt to Equity Ratio on Dividend Pay Out Ratio (For Company Listed in the LQ45 on Indonesian Stock Exchange). 127(Aicar 2019), 41–45. Https://Doi.Org/10.2991/Aebmr.K.200309.010
Pattiruhu, J. R., & Paais, M. (2020). Effect of Liquidity, Profitability, Leverage, and Firm Size on Dividend Policy. Journal of Asian Finance, Economics and Business, 7(10), 35–42. Https://Doi.Org/10.13106/Jafeb.2020.Vol7.No10.035
Pibriana, D. (2015). Pengaruh Return on Equity, Current Ratio dan Pertumbuhan Perusahaan terhadap Dividend Payout Ratio (Studi Empiris pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia). 2(September), 57–65. Https://Doi.Org/10.46821/Equity.V1i1.206
Radiman, R., & Wahyuni, S. F. (2019). The Effect of Cash Position, Firm Size, Growth Opportunity, Ownership, and Return on Assets on Dividend Payout Ratio (DPR) In Automotive Companies Listed on the Indonesia Stock Exchange. 343(Icas), 187–195. Https://Doi.Org/10.2991/Icas-19.2019.39
Rifqi, A., & Arfianto, E. D. (2018). The Influence of Profitability, Debt to Equity Ratio, Firm Size, Innovation, and Time Discounting to Dividend Payout Ratio. Diponegoro Journal of Management, 7(4), 1–11.
Sebastian, A., & Siauwijaya, R. (2021). The Impact of Financial Ratios on the Dividend Payout Ratio in Coal Mining Companies. Business Economic, Communication, and Social Sciences (BECOSS) Journal, 3(2), 51–60. Https://Doi.Org/10.21512/Becossjournal.V3i2.7246
Sukmadewi, R., Dewi Sartika, Mulyani Rodi Muin, & Deviana Sofyan. (2021). The Effect of Liquidity Ratio and Solvency Ratio on the Profitability of Plantation Subsector Companies Listed on the Indonesian Stock Exchange. Husnayain Business Review, 1(1), 69–77. Https://Doi.Org/10.54099/Hbr.V1i1.23
Supami, A. (2021). The Effect of Debt to Equity Ratio and Current Ratio on Firm Value. Journal of Accounting and Business Education, 8(2), 1–13.
Tania Rahmadi, Z. (2020). The Influence of Return on Investment, Current Ratio, Debt to Equity Ratio, Earning Per Share, and Firm Size to the Dividend Pay Out Ratio in Banking Industries Listed at Indonesia Stock Exchange Period 2013-2018. Dinasti International Journal of Digital Business Management, 1(2), 260–276. Https://Doi.Org/10.31933/Dijdbm.V1i2.157
Wahyuni, S. (N.D.). Pengaruh Leverage, Pertumbuhan Perusahaan, dan Profitabilitas terhadap Kebijakan Dividen pada Perusahaan Perbankan yang Terdaftar di BEI Tahun 2009-2018.
Wulandari, A. (2017). Pengaruh Debt to Equity Ratio, Return on Asset, Firm Size terhadap Dividend Payout Ratio pada Perusahaan Sub Sektor Wholesale dan Retail yang Terdaftar di BEI Ratna Wulandari, Susi Astuti Jurusan Manajemen, Sekolah Tinggi Ilmu Ekonomi Putra Bangsa Ema. 1–9.
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Published
2022-12-26
How to Cite
Angela, A., & Budiman, J. (2022). PENGARUH RETURN ON INVESTMENT, CURRENT RATIO, DEBT TO EQUITY RATIO, EARNING PER SHARE DAN FIRM SIZE TERHADAP DIVIDEND PAYOUT RATIO PADA BANK ASING YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2017-2021. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 6(3), 2122-2135. https://doi.org/10.31955/mea.v6i3.2720
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