Pengaruh Managerial Ownership, Laverage, Return On Investment, Earnings Per Share Dan Current Ratio Terhadap Dividen Payout Ratio Pada Perusahaan Manufaktur Yang Terdaftar di BEI

ABSTRAK
PENGARUH MANAGERIAL OWNERSHIP , LAVERGAE, RETURN ON
INVESTMENT, EARNINGS PER SHARE DAN CURRENT RATIO
TERHADAP DIVIDEN PAYOUT RATIO PADA
PERUSAHAAN MANUFAKTUR YANG
TERDAFTAR DI BEI
Penelitian ini bertujuan untuk mengetahui pengaruh Managerial Ownership,
Laverage, Return On Investment, Earnings Per Share, dan Current Ratio terhadap
Dividen Payout Ratio pada perusahaan manufaktur yang ada di Bursa Efek
Indonesia. Beberapa penelitian sebelumnya mengenai Dividen Payout Ratio
memperlihatkan hasil yang berbeda - beda. Oleh karena itu, penelitian lain perlu
dilakukan untuk menguji ulang teori tentang Dividen Payout Ratio.
Populasi penelitian ini sebanyak 143 perusahaan manufaktur. Metode
pengambilan sampel yang digunakan adalah metode purposive sampling,
sehingga diperoleh 14 perusahaan sampel untuk 4 tahun pengamatan (2012 2015) dengan 56 observasi (pengamatan). Data penelitian diperoleh dari
perusahaan sampel yang diunduh dari website Bursa Efek Indonesia. Teknik
analisis data yang digunakan adalah analisis statistik deskriptif dan analisis regresi
berganda. Proses analisis data yang dilakukan terlebih dahulu adalah statistik
deskriptif, uji asumsi klasik, analisis regresi berganda lalu kemudian pengujian
hipotesis.
Hasil penelitian ini secara parsial menunjukkan bahwa Laverage, Earnings

Per Share, dan Current Ratio berpengaruh secara signifikan terhadap Dividen
Payout Ratio. sedangkan Mangaerial Ownership dan Return On Investment tidak
berpengaruh terhadap nilai Dividen Payout Ratio. Hasil penelitian ini secara
simultan Managerial Ownership, Laverange, Return On Investment, Earning Per
Share, dan Current Ratio secara simultan berpengaruh signifikan terhadap
Dividen Payout Ratio.
Kata Kunci :

Managerial Ownership, Laverage, Return On Investment,
Earnings Per Share, Current Ratio, dan Dividen Payout Ratio

ii

Universitas Sumatera Utara

ABSTRACT
EFFECT OF MANAGERIAL OWNERSHIP, LAVERGAE, RETURN ON
INVESTMENT, EARNINGS PER SHARE AND CURRENT RATIO
OF THE DIVIDEN PAYOUT RATIO OF ITSMANUFACTURING
COMPANY IN INDONESIA STOCK EXCHANGE

This study aimed to determine the effect of the Managerial Ownership,
Laverage, Return On Investment, Earnings Per Share, and Current Ratio to the
Dividen Payout Ratio on manufacturing companies in Indonesia Stock Exchange
Period. Some previous studies of the Dividen Payout Ratio showed different
results - different. Therefore, other studies need to be done to test the theory of the
Dividen Payout Ratio.
The study population of 143 manufacturing companies.The sampling
method used is purposive sampling method, in order to obtain a sample of 16
companies for 4 years of observation (2012-2015) with 56 observations
(observation). Data were obtained from a sample of companies that are
downloaded from the Indonesia Stock Exchange website. The data analysis
technique used is descriptive statistical analysis and regression analysis. The
process of data analysis done first is descriptive statistics, classical assumption
test, multiple regression analysis and then test the hypothesis.
The results of this study indicate that the partial Laverage, Earnings Per
Share, and Current Ratio significantly affect the Dividen Payout Ratio. while the
Managerial Owneshipand Raturn On Investment no partial effect on Dividen
Payout Ratio. The results of this study simultaneously the Managerial Ownership,
Laverage, Return On Investment, Earnings Per Share and Current Ratio
Significantly affect The Dividen Payout Ratio.

Keywords: Managerial Ownership, Laverage, Return On Investment, Earnings
Per Share, Current Ratio, dan Dividen Payout Ratio

iii

Universitas Sumatera Utara