ANALISIS PENGARUH RETURN ON EQUITY, FIRM SIZE, CURRENT RATIO DAN INSTITUTIONAL OWNERSHIP TERHADAP DIVIDEND PAYOUT RATIO DENGAN DEBT TO EQUITY RATIO SEBAGAI VARIABEL INTERVENING

Jurnal Riset Ekonomi dan Bisnis

Mohammad Chabachib¹  Ika Rosyada Fitriati² 

[1] Fakultas Ekonomika dan Bisnis, Universitas Diponegoro (UNDIP) Semarang;Program Studi Manajemen, Fakultas Ekonomika dan Bisnis Universitas Stikubank (UNISBANK) Semarang

关键词: return on equity;    firm size;    current ratio;    institutional ownership;    debt to equity ratio dan dividend payout ratio;   

DOI  :  10.26623/jreb.v11i3.1142

学科分类：社会科学、人文和艺术（综合）

来源: Universitas Semarang

【 摘 要 】

Penelitian ini bertujuan untuk mengujipengaruh variabelreturn on equity, firm size, current ratiodaninstitutional ownershipterhadapdividend payout ratiodengandebt to equity ratiosebagai variabelintervening.Pengambilan sampel menggunakanpurposive sampling.Data diambil dariIndonesian Capital Market Directory(ICMD). Uji kelayakan model menggunakan uji multikolinieritas, uji koefisien determinasi dan uji signifikansi. Teknk analisis menggunakan analisis jalur dansobel test.Hasil penelitian ini menunjukkan bahwacurrent ratiodaninstitutional ownershipberpengaruh negatif signifikan terhadapdebt to equity ratio, firm sizedancurrent ratioberpengaruh positif signifikan terhadapdividend payout ratio, debt to equity ratioberpengaruh negatif signifikan terhadapdividend payout ratiosertadebto equity ratiomampu memediasi pengaruhcurrent ratioterhadapdividend payout ratiodan pengaruhinstitutional ownershipterhadap dividendpayout ratio.The aimed of this study is examine the effect of variable return on equity, firm size, current ratio and institutional ownership toward dividend payout ratio with debt to equity ratio as an intervening variable. Sampling using purposive sampling. Data taken from Indonesian Capital Market Directory (ICMD). The test of feasibility models using multicoliniarity test, coefficient determination test and test of significance. The analysis technique using path analysis and sobel test. The result of this study indicate that the current ratio and institutional ownership have significant negative effect on debt to equity ratio, firm size and current ratio have significant positive effect on dividend payout ratio, debt to equity ratio has significant negative effect on dividend payout ratio and the debt to equity ratio capable of mediating influence current ratio toward dividend payout ratio and the effect of institutional ownership toward dividend payout ratio.

【 授权许可】

CC BY