ANALISIS PENGARUH INVESTOR INSTITUTIONAL DAN KINERJA FUNDAMENTAL DENGAN GROWTH DAN SIZE SEBAGAI VARIABEL KONTROL TERHADAP KEBIJAKAN DIVIDEN

Abstract

This study is performed to examine the effect of investor institutional, return on asset (ROA), debt to equity ratio (DER,) growth and size, toward Dividend Payout Ratio (DPR) in companies that is listed in BEI. Sampling technique used here is purposive sampling on criterion (1) the non financial company that trade their stocks in Indonesian Stock Exchange; (2) the non financial company having institutional ownership per December 2010-2013; and (3) the company that continually share their dividend per December 2010-2013. During 2010-2013 period show as deviation has not founded this indicate clasiccal assumption that the available data has fulfill the condition to use multi linier regression model. Empirical evidence show ROA, DER, growth and size to have influence toward DPR at level of significance less than 5%, investor institutional have not influence toward DPR at level of significance more than 5%.