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Pengaruh kebijakan dividen terhadap future abnormal return dan future profitability : perspektif dividend signalling theory
This study aims to analyze the influence of dividend policy on future abnormal retun and future profitability in the companies that listed on the Indonesian Stock Exchange that distributed dividend consistently during 2002-2007. This study uses dummy independent variable of dividend changes and dividend payout ratio. Using panel data, the result of empirical test on this research shows that the two independent variables have a statistically significant influence on future abnormal return and future profitability after controlled by investment opportunities, cash flow, debt to equity ratio, and firm size . In addition, this research also examined the difference future abnormal retun and future profitability between the dividend-increasing firm, dividend-decreasing firm, and the firm that does not change dividend payment. Using the Independent Sample T-Test, the result of empirical test shows that future abnormal return and future profitability between dividend-increasing firms and dividend-decreasing firms are different and statistically significant. In addition, future abnormal return and future profitability between the firms that does not change dividend payment and dividend-decreasing firms are also different and statistically significant. Meanwhile, future abnormal return and future profitability between dividend-increasing firms and the firms that does not change dividend payment do not show a significant difference statistically.Ada tabel
Ketersediaan
| Call Number | Location | Available |
|---|---|---|
| 6562 | PSB lt.2 - Karya Akhir | 1 |
| Penerbit | Depok: Departemen Akuntansi, Fakultas Ekonomi Universitas Indonesia 2009 |
|---|---|
| Edisi | - |
| Subjek | Dividend policy Profitability Abnormal return |
| ISBN/ISSN | - |
| Klasifikasi | - |
| Deskripsi Fisik | xiv, 126 p. : diagr. ; 30 cm. |
| Info Detail Spesifik | - |
| Other Version/Related | Tidak tersedia versi lain |
| Lampiran Berkas | Tidak Ada Data |