PENGARUH CASH RATIO, DEBT TO EQUITY RATIO, PROFITABILITY DAN SALES GROWTH TERHADAP DIVIDEND PAYOUT RATIO DAN DAMPAKNYA PADA NILAI PERUSAHAAN (Studi Empirik pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia tahun 2010-2014)

Abstract

This study is performed to examine the effect of cash ratio, debt to equity ratio, profitability, and sales growth toward dividend payout ratio to impact company value. The objective of this study is to scale and analyze the effect of the company financial ratios performance (cash ratio, debt to equity ratio, profitability and sales growth) toward DPR to impact company value in manufacturing industry over period 2010-2014. Sampling technique used here is purposive sampling. The data is obtained based on Indonesian Capital Market Directory (ICMD). It is gained sample amount of 15 data. The analysis technique used here is multiple regression with the least square difference and hypothesis test using t-statistic to examine partial regression coefficient and f-statistic to examine the mean of mutual effect with level of significance 5%. In addition, classical assumption is also performed including normality test, multicolinearity test, heteroscedasticity test and autocorrelation test. During 2010-2014 period show as deviation has not founded this indicate clasiccal assumption that the available data has fulfill the condition to use multilinier regression model. Empirical evidence show profitability to have influence toward DPR at level of significance less than 5%, profitability and DPR have influence toward company value at level of significance less than 5%.