PENGARUH KINERJA KEUANGAN, KEBIJAKAN DIVIDEN, DAN KEPEMILIKAN MANAJERIAL TERHADAP PERTUMBUHAN LABA

Abstract

This research aimed to examine and find out the effect of financial performance, dividend policy and managerial
ownership on profit growth; which as consideration in order to predict the profit growth level. The population was
Real Estate and Property companies which were listed on Indonesia Stock Exchange (IDX) 2015-2018. Moreover,
the data collection technique used purposive sampling. In line with, there were 10 companies as sample.
Furthermore, the data analysis technique used multiple linier regression. The research result concluded Total Asset
Turnover had insignificant effect on profit growth. This meant, the higher the company sales, the higher the
operational cost was. Likewise, Debt to Asset Ratio had insignificant effect on profit growth. In other words,
company which used fund from its debt had higher interest of payable cost. On the other hand, Return On Asset
had positive and significant effect on profit growth. It meant, company which did not use its asset effectively would
had maximum profit. In contrast, Dividend Payout Ratio had insignificant effect on profit growth. In other words,
company did not strictly behaved in determining its dividend policy. Likewise, managerial ownership had
insignificant effect on profit growth. This meant, the manager had optimized company’s profit for stakeholders.
Keywords: financial performance, dividend policy, managerial ownership, profit growth.