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Factors Affecting Dividend Payout Ratio of Food and Beverage Manufacturing Companies in Indonesia

Author

Listed:
  • SURYA NURIANSYAH

    (Student of Master Business Administration, Lambung Mangkurat University, Banjarmasin, Indonesia)

  • ASRID JUNIAR

    (Student of Master Business Administration, Lambung Mangkurat University, Banjarmasin, Indonesia)

  • REDAWATI

    (Student of Master Business Administration, Lambung Mangkurat University, Banjarmasin, Indonesia)

Abstract

Dividend Payout Ratio (DPR) is a parameter to measure the amount of dividend to be distributed to shareholders. This is because investors want to know how much DPR they receive. If they see the revenue earned by them including profitable, then investors will not hesitate to invest their capital in the company. This study aims to determine and analyze the factors affecting the DPR of food and beverage manufacturing companies in Indonesia listed on the Indonesia Stock Exchange from 2010 to 2014. There are 5 (five) independent variables that represent the ratio of published financial performance, which allegedly affect the House of Representatives i.e., Cash Position (CP), Free Cash Flow (FCF), Debt to Equity Ratio (DER), Return on Assets (ROA), and Company Size (CS). Based on the results of the tests conducted can be seen that there are two independent variables namely the ratio of CP and ROA which have a significant effect on DPR, while the other three variables are FCF, DER, and CS have no significant effect on devidend payout ratio.

Suggested Citation

  • Surya Nuriansyah & Asrid Juniar & Redawati, 2017. "Factors Affecting Dividend Payout Ratio of Food and Beverage Manufacturing Companies in Indonesia," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 3(6), pages 229-238.
    • Handle: RePEc:apa:ijbaas:2017:p:229-238
    DOI: 10.20469/ijbas.3.10004-6
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    References listed on IDEAS

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    1. Atallah Ahmad Hosban, 2016. "Accounting Disclosure for Stock Goods and Industrial Companies IAS 2–An Analytical Study of Industrial Companies Listed on the Amman Stock Exchange," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 2(2), pages 24-28.
    2. Risal & Kristiawati Endang, 2017. "The effect of investment decision financing decision dividend payment policy and company size," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 3(2), pages 105-113.
    3. Ai-Chi Hsu & Fiesty Utami, 2016. "Central Bank Intervention and Stock Market Response," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 2(5), pages 151-161.
    4. Haroon Hussain & Rohani Md-Rus & Hamdan Amer Ali Al-Jaifi, 2017. "Board Size and Dividend Policy: A Review," International Journal of Business and Administrative Studies, Professor Dr. Bahaudin G. Mujtaba, vol. 3(5), pages 197-201.
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    Cited by:

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    2. Sepvina Mutikasari, 2019. "Analysis of how agile manufacturing capabilities could be used differently in plants within the footloose and rooted subnetworks of the global production network," Journal of Administrative and Business Studies, Professor Dr. Usman Raja, vol. 5(5), pages 269-280.

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