Pengaruh Profitability dan Investment Opportunity Set Terhadap Cash Dividend Pada Perusahaan Manufaktur di Bursa Efek Indonesia Tahun 2013

ABSTRAK
PENGARUH PROFITABILITY DAN INVESTMENT OPPORTUNITY SET
TERHADAP CASH DIVIDEND PADA PERUSAHAAN MANUFAKTUR DI
BURSA EFEK INDONESIA
TAHUN 2013

Penelitian ini bertujuan untuk mengetahui pengaruh profitabilitas dan
Investment Opportunity Set terhadap Cash Dividend pada perusahaan manufaktur
tahun 2013. Jenis data yang digunakan adalah data sekunder yang bersumber dari
laporan keuangan perusahaan yang terdaftar di Bursa Efek Indonesia (BEI).
Penelitian ini menggunakan teknik analisis deskriptif dan analisis regresi linear
berganda.
Hasil penelitian menunjukkan bahwa secara simultan Return On
Equity, Net Profit Margin, Market to Book Value of Assets, dan Capital
Expenditure to Market Value of Assets berpengaruh positif dan signifikan
terhadap Dividend Payout Ratio. Sedangkan secara parsial hanya Return On
Equity yang berpengaruh positif dan signifikan terhadap Dividend Payout Ratio
dan Net Profit Margin berpengaruh positif dan tidak signifikan, Market to Book
Value of Assets berpengaruh negatif dan tidak signifikan, Capital Expenditure to
Market Value of Assets berpengaruh negatif tidak signifikan. Nilai koefisien
determinasi sebesar 35,3% sedangkan sisanya sebesar 64,7 dijelaskan oleh faktorfaktor lain yang tidak diikutsertakan dalam penelitian ini.

Kata Kunci : Return on Equity, Net Profit Margin, Market to Book Value of
Assets, Capital Expenditure to Market Value of Assets, dan
Dividend Payout Ratio.

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ABSTRACT

THE EFFECT OF PROFITABILITTY AND INVESTMENT
OPPORTUNITY SET ON CASH DIVIDEND IN
MANUFACTURING IN INDONESIA
STOCK EXCHANGE 2013

This study aims to determine the effect of profitability and Investment
Opportunity Set to Cash Dividend on manufacturing companies in 2013. The data
used is secondary data obtained from the financial statements of companies listed
on the Indonesian Stock Exchange (BEI). This research using descriptive analysis
techniques and multiple linear regression analysis. The results showed that
simultaneous Return on Equity, Net Profit Margin, Market to Book Value of

Assets, and Capital Expenditure to Market Value of Assets positive and
significant impact on the Dividend Payout Ratio. While only partially Return on
Equity positive and significant impact on the Dividend Payout Ratio and Net
Profit Margin positive and not significant effect, Market to Book Value of Assets
negative and not significant, Capital Expenditure to Market Value of Assets
negative and not significant. The coefficient of determination of 35.3% while the
balance of 64.7 is explained by other factors that are not included in this study.

Keywords: Return on Equity, Net Profit Margin, Market to Book Value of
Assets and Capital Expenditure to Market Value of Assets, and
Dividend Payout Ratio.

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