s pem 0707437 table of content
DAFTAR ISI
ABSTRAK ................................................................................................................... i
ABSTRACT ............................................................................................................... ii
KATA PENGANTAR ............................................................................................... iii
DAFTAR ISI ............................................................................................................ vii
DAFTAR TABEL ..................................................................................................... xi
DAFTAR GAMBAR ................................................................................................ xii
DAFTAR GRAFIK ................................................................................................. xiii
DAFTAR LAMPIRAN ........................................................................................... xiv
BAB I PENDAHULUAN........................................................................................... 1
1.1 Latar Belakang Penelitian ......................................................................... 1
1.2 Identifikasi dan Rumusan Masalah ......................................................... 14
1.2.1 Identifikasi Masalah ...................................................................... 14
1.2.2 Rumusan Masalah ......................................................................... 15
1.3 Tujuan Penelitian .................................................................................... 16
1.4 Kegunaan Penelitian ............................................................................... 16
1.4.1 Kegunaan Teoritis ......................................................................... 16
1.4.2 Kegunaan Praktis .......................................................................... 17
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN, DAN HIPOTESIS .. ..18
2.1 Kajian Pustaka ...................................................................................... 18
2.1.1 Kinerja Keuangan ....................................................................... 18
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
2.1.2 Profitabilitas ............................................................................... 22
2.1.2.1 Pengertian Profitabilitas ................................................. 22
2.1.2.2 Return On Equity (ROE) ................................................ 25
2.1.3 Solvabilitas ................................................................................. 27
2.1.3.1 Pengertian Solvabilitas ................................................... 27
2.1.3.2 Debt Equity Ratio (DER) ............................................... 30
2.1.4 Dividen ....................................................................................... 31
2.1.4.1 Pengertian Dividen ......................................................... 31
2.1.4.2 Kebijakan Dividen ......................................................... 33
2.1.4.3 Dividen Kas.................................................................... 37
2.1.5 Pengaruh Profitabilitas dan Solvabilitas Terhadap Dividen
Kas ............................................................................................. 41
2.1.6 Penelitian Terdahulu ................................................................... 43
2.2 Kerangka Pemikiran ............................................................................. 45
2.3 Hipotesis ............................................................................................... 50
BAB III METODE PENELITIAN ........................................................................... 51
3.1 Objek Penelitian ................................................................................... 51
3.2 Metode Penelitian dan Desain Penelitian ............................................. 51
3.2.1 Metode Penelitian ....................................................................... 51
3.2.2 Desain Penelitian ........................................................................ 52
3.3 Operasionalisasi Variabel ..................................................................... 53
3.4 Jenis, Sumber dan Teknik Pengumpulan Data ..................................... 54
3.4.1 Jenis dan Sumber Data ............................................................... 54
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
3.4.2 Teknik Pengumpulan Data ......................................................... 55
3.5 Populasi, Sampel dan Teknik Penarikan Sampel ................................. 55
3.5.1 Populasi ...................................................................................... 55
3.5.2 Sampel ........................................................................................ 56
3.5.3 Teknik Penarikan Sampel ........................................................... 56
3.6 Teknik Analisis Data dan Rancangan Pengujian Hipotesis ................. 57
3.6.1 Teknik Analisis Data .................................................................. 57
3.6.2 Alat Analisis Statistik ................................................................. 58
3.6.2.1 Uji Asumsi Klasik .......................................................... 58
3.6.2.2 Analisis Regresi Linier Berganda .................................. 60
3.6.2.2 Analisis Koefisien Korelasi Parsial................................ 61
3.6.2.3 Analisis Koefisien Determinasi ..................................... 62
3.6.3 Rancangan Uji Hipotesis ............................................................ 62
3.6.3.1 Uji F ............................................................................... 62
3.6.3.2 Uji t ................................................................................ 63
BAB IV HASIL PENELITIAN DAN PEMBAHASAN.......................................... 64
4.1 Hasil Penelitian ..................................................................................... 64
4.1.1 Gambaran Umum Sub Sektor Plantation ................................. 64
4.1.2 Deskripsi Variabel Yang Diteliti.............................................. 70
4.1.2.1 Perkembangan Profitabilitas Perusahaan Sub Sektor
Plantation .................................................................... 71
4.1.2.2 Perkembangan Solvabilitas Perusahaan Sub Sektor
Plantation .................................................................... 74
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
4.1.2.3 Perkembangan Dividen Kas Perusahaan Sub Sektor
Plantation ..................................................................... 77
4.1.3 Statistik Deskriptif ................................................................... 79
4.1.4 Analisis Statistik ...................................................................... 81
4.1.4.1 Uji Asumsi Klasik ....................................................... 81
4.1.4.1.1 Uji Normalitas............................................... 81
4.1.4.1.2 Uji Autokorelasi ............................................ 82
4.1.4.1.3 Uji Multikorelasi ........................................... 83
4.1.4.1.4 Uji Heteroskedastisitas ................................. 83
4.1.4.2 Analisis Regresi Berganda ........................................... 85
4.1.4.3 Analisis Koefisien Korelasi Parsial ............................. 86
4.1.4.4 Analisis Koefisien Determinasi ................................... 87
4.1.4.5 Uji Hipotesis ................................................................ 88
4.1.4.4.1 Uji F .............................................................. 89
4.1.4.4.2 Uji t ............................................................... 89
4.2 Pembahasan ....................................................................................... .90
BAB V KESIMPULAN DAN SARAN ................................................................... 96
5.1 Kesimpulan ........................................................................................... 96
5.2 Saran ..................................................................................................... 98
DAFTAR PUSTAKA
LAMPIRAN
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR TABEL
Tabel 1.1 Dividen Kas Perusahaan Sektor Agriculture Tahun 2007-2011................. 6
Tabel 1.1 Dividen Kas Perusahaan Sub Sektor Plantation Tahun 2007-2011 ........... 8
Tabel 1.2 ROE Perusahaan Sub Sektor Plantation Tahun 2007-2011...................... 11
Tabel 1.3 DER Perusahaan Sub Sektor Plantation Tahun 2007-2011...................... 13
Tabel 2.1 Penelitian Terdahulu ................................................................................. 43
Tabel 3.1 Operasioanalisasi Variabel ....................................................................... 54
Tabel 3.2 Daftar Sampel Perusahaan ........................................................................ 57
Tabel 3.3 Pedoman Untuk Memberikan Interpretasi Koefisien Korelasi ................. 61
Tabel 4.1 Perkembangan ROE (%) Sub Sektor Plantation Tahun 2007-2011 ......... 71
Tabel 4.2 Perkembangan DER (%) Sub Sektor Plantation Tahun 2007-2011 ......... 74
Tabel 4.3 Perkembangan Dividen Kas (Rupiah) Sub Sektor Plantation Tahun
2007-2011................................................................................................. 77
Tabel 4.4 Statistik Deskriptif .................................................................................... 80
Tabel 4.5 Uji Autokorelasi ....................................................................................... 82
Tabel 4.6 Uji Multikorelasi....................................................................................... 83
Tabel 4.7 Hasil Uji Regresi Liniear Berganda .......................................................... 85
Tabel 4.8 Koefisien Korelasi Parsial ........................................................................ 87
Tabel 4.9 Koefisien Determinasi .............................................................................. 88
Tabel 4.10 Uji F ........................................................................................................ 89
Tabel 4.11 Uji t ......................................................................................................... 89
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR GAMBAR
Gambar 2.1 Kerangka Pemikiran ............................................................................. 49
Gambar 2.2 Paradigma Pemikiran ............................................................................ 49
Gambar 4.1 Uji Normalitas....................................................................................... 81
Gambar 4.2 Uji Heteroskedastisitas ......................................................................... 84
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR GRAFIK
Grafik 1.1 Perkembangan Dividen Kas Perusahaan Sektor Agriculture Tahun
2007-2011................................................................................................... 7
Grafik 1.2 Perkembangan Dividen Kas Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................... 8
Grafik 1.3 Perkembangan ROE Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 12
Grafik 1.4 Perkembangan DER Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 13
Grafik 4.1 Perkembangan ROE Perusahaan Sektor Agriculture Tahun
2007-2011................................................................................................. 73
Grafik 4.2 Perkembangan DER Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 76
Grafik 4.3 Perkembangan Dividen Kas Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 79
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR LAMPIRAN
Lampiran 1 Financial Data & Ratio Perusahaan Penelitian
Lampiran 2 Tabel Perhitungan Return On Equity (ROE), Debt To Equity Ratio
(DER) dan Dividen Kas Sub Sektor Plantation Tahun 2007-2011
Lampiran 3 Hasil Output SPSS
Lampiran 4 SK Pembimbing
Lampiran 5 Catatan Bimbingan
Lampiran 6 Daftar Riwayat Hidup
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
ABSTRAK ................................................................................................................... i
ABSTRACT ............................................................................................................... ii
KATA PENGANTAR ............................................................................................... iii
DAFTAR ISI ............................................................................................................ vii
DAFTAR TABEL ..................................................................................................... xi
DAFTAR GAMBAR ................................................................................................ xii
DAFTAR GRAFIK ................................................................................................. xiii
DAFTAR LAMPIRAN ........................................................................................... xiv
BAB I PENDAHULUAN........................................................................................... 1
1.1 Latar Belakang Penelitian ......................................................................... 1
1.2 Identifikasi dan Rumusan Masalah ......................................................... 14
1.2.1 Identifikasi Masalah ...................................................................... 14
1.2.2 Rumusan Masalah ......................................................................... 15
1.3 Tujuan Penelitian .................................................................................... 16
1.4 Kegunaan Penelitian ............................................................................... 16
1.4.1 Kegunaan Teoritis ......................................................................... 16
1.4.2 Kegunaan Praktis .......................................................................... 17
BAB II KAJIAN PUSTAKA, KERANGKA PEMIKIRAN, DAN HIPOTESIS .. ..18
2.1 Kajian Pustaka ...................................................................................... 18
2.1.1 Kinerja Keuangan ....................................................................... 18
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
2.1.2 Profitabilitas ............................................................................... 22
2.1.2.1 Pengertian Profitabilitas ................................................. 22
2.1.2.2 Return On Equity (ROE) ................................................ 25
2.1.3 Solvabilitas ................................................................................. 27
2.1.3.1 Pengertian Solvabilitas ................................................... 27
2.1.3.2 Debt Equity Ratio (DER) ............................................... 30
2.1.4 Dividen ....................................................................................... 31
2.1.4.1 Pengertian Dividen ......................................................... 31
2.1.4.2 Kebijakan Dividen ......................................................... 33
2.1.4.3 Dividen Kas.................................................................... 37
2.1.5 Pengaruh Profitabilitas dan Solvabilitas Terhadap Dividen
Kas ............................................................................................. 41
2.1.6 Penelitian Terdahulu ................................................................... 43
2.2 Kerangka Pemikiran ............................................................................. 45
2.3 Hipotesis ............................................................................................... 50
BAB III METODE PENELITIAN ........................................................................... 51
3.1 Objek Penelitian ................................................................................... 51
3.2 Metode Penelitian dan Desain Penelitian ............................................. 51
3.2.1 Metode Penelitian ....................................................................... 51
3.2.2 Desain Penelitian ........................................................................ 52
3.3 Operasionalisasi Variabel ..................................................................... 53
3.4 Jenis, Sumber dan Teknik Pengumpulan Data ..................................... 54
3.4.1 Jenis dan Sumber Data ............................................................... 54
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
3.4.2 Teknik Pengumpulan Data ......................................................... 55
3.5 Populasi, Sampel dan Teknik Penarikan Sampel ................................. 55
3.5.1 Populasi ...................................................................................... 55
3.5.2 Sampel ........................................................................................ 56
3.5.3 Teknik Penarikan Sampel ........................................................... 56
3.6 Teknik Analisis Data dan Rancangan Pengujian Hipotesis ................. 57
3.6.1 Teknik Analisis Data .................................................................. 57
3.6.2 Alat Analisis Statistik ................................................................. 58
3.6.2.1 Uji Asumsi Klasik .......................................................... 58
3.6.2.2 Analisis Regresi Linier Berganda .................................. 60
3.6.2.2 Analisis Koefisien Korelasi Parsial................................ 61
3.6.2.3 Analisis Koefisien Determinasi ..................................... 62
3.6.3 Rancangan Uji Hipotesis ............................................................ 62
3.6.3.1 Uji F ............................................................................... 62
3.6.3.2 Uji t ................................................................................ 63
BAB IV HASIL PENELITIAN DAN PEMBAHASAN.......................................... 64
4.1 Hasil Penelitian ..................................................................................... 64
4.1.1 Gambaran Umum Sub Sektor Plantation ................................. 64
4.1.2 Deskripsi Variabel Yang Diteliti.............................................. 70
4.1.2.1 Perkembangan Profitabilitas Perusahaan Sub Sektor
Plantation .................................................................... 71
4.1.2.2 Perkembangan Solvabilitas Perusahaan Sub Sektor
Plantation .................................................................... 74
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
4.1.2.3 Perkembangan Dividen Kas Perusahaan Sub Sektor
Plantation ..................................................................... 77
4.1.3 Statistik Deskriptif ................................................................... 79
4.1.4 Analisis Statistik ...................................................................... 81
4.1.4.1 Uji Asumsi Klasik ....................................................... 81
4.1.4.1.1 Uji Normalitas............................................... 81
4.1.4.1.2 Uji Autokorelasi ............................................ 82
4.1.4.1.3 Uji Multikorelasi ........................................... 83
4.1.4.1.4 Uji Heteroskedastisitas ................................. 83
4.1.4.2 Analisis Regresi Berganda ........................................... 85
4.1.4.3 Analisis Koefisien Korelasi Parsial ............................. 86
4.1.4.4 Analisis Koefisien Determinasi ................................... 87
4.1.4.5 Uji Hipotesis ................................................................ 88
4.1.4.4.1 Uji F .............................................................. 89
4.1.4.4.2 Uji t ............................................................... 89
4.2 Pembahasan ....................................................................................... .90
BAB V KESIMPULAN DAN SARAN ................................................................... 96
5.1 Kesimpulan ........................................................................................... 96
5.2 Saran ..................................................................................................... 98
DAFTAR PUSTAKA
LAMPIRAN
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR TABEL
Tabel 1.1 Dividen Kas Perusahaan Sektor Agriculture Tahun 2007-2011................. 6
Tabel 1.1 Dividen Kas Perusahaan Sub Sektor Plantation Tahun 2007-2011 ........... 8
Tabel 1.2 ROE Perusahaan Sub Sektor Plantation Tahun 2007-2011...................... 11
Tabel 1.3 DER Perusahaan Sub Sektor Plantation Tahun 2007-2011...................... 13
Tabel 2.1 Penelitian Terdahulu ................................................................................. 43
Tabel 3.1 Operasioanalisasi Variabel ....................................................................... 54
Tabel 3.2 Daftar Sampel Perusahaan ........................................................................ 57
Tabel 3.3 Pedoman Untuk Memberikan Interpretasi Koefisien Korelasi ................. 61
Tabel 4.1 Perkembangan ROE (%) Sub Sektor Plantation Tahun 2007-2011 ......... 71
Tabel 4.2 Perkembangan DER (%) Sub Sektor Plantation Tahun 2007-2011 ......... 74
Tabel 4.3 Perkembangan Dividen Kas (Rupiah) Sub Sektor Plantation Tahun
2007-2011................................................................................................. 77
Tabel 4.4 Statistik Deskriptif .................................................................................... 80
Tabel 4.5 Uji Autokorelasi ....................................................................................... 82
Tabel 4.6 Uji Multikorelasi....................................................................................... 83
Tabel 4.7 Hasil Uji Regresi Liniear Berganda .......................................................... 85
Tabel 4.8 Koefisien Korelasi Parsial ........................................................................ 87
Tabel 4.9 Koefisien Determinasi .............................................................................. 88
Tabel 4.10 Uji F ........................................................................................................ 89
Tabel 4.11 Uji t ......................................................................................................... 89
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR GAMBAR
Gambar 2.1 Kerangka Pemikiran ............................................................................. 49
Gambar 2.2 Paradigma Pemikiran ............................................................................ 49
Gambar 4.1 Uji Normalitas....................................................................................... 81
Gambar 4.2 Uji Heteroskedastisitas ......................................................................... 84
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR GRAFIK
Grafik 1.1 Perkembangan Dividen Kas Perusahaan Sektor Agriculture Tahun
2007-2011................................................................................................... 7
Grafik 1.2 Perkembangan Dividen Kas Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................... 8
Grafik 1.3 Perkembangan ROE Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 12
Grafik 1.4 Perkembangan DER Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 13
Grafik 4.1 Perkembangan ROE Perusahaan Sektor Agriculture Tahun
2007-2011................................................................................................. 73
Grafik 4.2 Perkembangan DER Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 76
Grafik 4.3 Perkembangan Dividen Kas Perusahaan Sub Sektor Plantation Tahun
2007-2011................................................................................................. 79
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu
DAFTAR LAMPIRAN
Lampiran 1 Financial Data & Ratio Perusahaan Penelitian
Lampiran 2 Tabel Perhitungan Return On Equity (ROE), Debt To Equity Ratio
(DER) dan Dividen Kas Sub Sektor Plantation Tahun 2007-2011
Lampiran 3 Hasil Output SPSS
Lampiran 4 SK Pembimbing
Lampiran 5 Catatan Bimbingan
Lampiran 6 Daftar Riwayat Hidup
Tiara Azhari Octaviani, 2012
Pengaruh Profitabilitas Dan Solvabilitas Terhadap Deviden Kas Pada Perusahaan Sub Sektor
Plantation Yang Terdaftar Di Bursa Efek Indonesia
Universitas Pendidikan Indonesia | repository.upi.edu