ANALISIS PENGARUH INVESTMENT OPPORTUNITIES, LEVERAGE, RISIKO PASAR DAN FIRM SIZE TERHADAP DIVIDEND POLICY (Pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode Tahun 2011 – 2014)

Abstract

This study examined the effect of investment opportunity set, leverage, company size and business risk to the dividend payout ratio (DPR) on manufacturing companies listed in Indonesia Stock Exchange (BEI) in the period 2011-2014. This research was conducted using a panel regression analysis model data. Samples were as many as 34 companies listed in the Indonesia Stock Exchange in 2011-2014. The study population is the annual report of companies listed on the Indonesia Stock Exchange in 2011-2014. Based on the analysis and discussion, it can be concluded: the variable IOS and leverage significant negative effect on dividend payout ratio (DPR), the variable firm’s size significant positive effect on dividend payout ratio (DPR). This looks at the probability value of less than 0.05. Another variable is the risk does not have an influence on the dividend payout ratio (DPR), as seen in the probability value is more than 0.05