Abstract disertasi DWIARSO
ABSTRACT
to be paid
Companiesabilitiesto earn returnand cash availability
out haveimpacton dividendpolicies.However,companiesreturnmay not
be distributedto shareholdersbecause companies return could be
deferredfor investmentneeds.Therefore,appropriatedividendpolicies
strouldbe performedto get positiveresponsesso thereis priceadjustment
d companiesshares.Thosebecomethe main subjectof this research,
that is, accountingreturn;operationalcash flows, companiessize and
cornpaniesgrowth rate are expectedto effect dividend policies and
unpanies sharepricesat the capitalmarket.The mainpurposeof current
research is to examine empiricallythe impact of accountingreturn,
eerational cash flows, companiessize and companiesgrov'rthrate on
dvilend policiesand theirimplicationon companiesshareprices.
Populationsin this researchare all companieslisted at Jakarta
Sock Exchangeddring observationperiod 1993 to 2003 and 172
srpanies are selected using non-probabilitypurposive sampling
Edrnklue. Archivaldata, secondarydata, are used providedby Pusat
Hrensi Pasar Modal (PRPM- IndonesianCapitalMarketReference
BisnisIndonesia
Csrbr) Indonesia,BAPEPAM,and PusatDokumentasi
Clsnb lndonesia'DocumentationCenter),.?nd."lngolesian Securities
Het Database(ISMD)PPA UGM
The resultsshowthat 1) accountingreturn,companiessize, and
ttufrt rate have impacton companiesdividendpolicies,2) accounting
Eirn, operationalcashflow, companiessize and companiesgroMh rate
rd divilend policieshaveimpacton shareprices.
Return,Operational
CashFlows,
XH WORDS:Accounting
GrowthRate,Dividend
Companies
Size,Companies
Policies,and SharePrice.
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to be paid
Companiesabilitiesto earn returnand cash availability
out haveimpacton dividendpolicies.However,companiesreturnmay not
be distributedto shareholdersbecause companies return could be
deferredfor investmentneeds.Therefore,appropriatedividendpolicies
strouldbe performedto get positiveresponsesso thereis priceadjustment
d companiesshares.Thosebecomethe main subjectof this research,
that is, accountingreturn;operationalcash flows, companiessize and
cornpaniesgrowth rate are expectedto effect dividend policies and
unpanies sharepricesat the capitalmarket.The mainpurposeof current
research is to examine empiricallythe impact of accountingreturn,
eerational cash flows, companiessize and companiesgrov'rthrate on
dvilend policiesand theirimplicationon companiesshareprices.
Populationsin this researchare all companieslisted at Jakarta
Sock Exchangeddring observationperiod 1993 to 2003 and 172
srpanies are selected using non-probabilitypurposive sampling
Edrnklue. Archivaldata, secondarydata, are used providedby Pusat
Hrensi Pasar Modal (PRPM- IndonesianCapitalMarketReference
BisnisIndonesia
Csrbr) Indonesia,BAPEPAM,and PusatDokumentasi
Clsnb lndonesia'DocumentationCenter),.?nd."lngolesian Securities
Het Database(ISMD)PPA UGM
The resultsshowthat 1) accountingreturn,companiessize, and
ttufrt rate have impacton companiesdividendpolicies,2) accounting
Eirn, operationalcashflow, companiessize and companiesgroMh rate
rd divilend policieshaveimpacton shareprices.
Return,Operational
CashFlows,
XH WORDS:Accounting
GrowthRate,Dividend
Companies
Size,Companies
Policies,and SharePrice.
v111