PENGARUH RETURN ON ASSET, DEBT TO EQUITY RATIO, DAN COLLATERAL ASSET TERHADAP KEBIJAKAN DIVIDEN

Abstract

Dividend policy is important not only because it is related tothe interests of the company, but it is also related to the interests of the stakeholders as well. The decision is made in the dividend policy whether the profit which has been gained by the company will be shared to the stakeholders as dividend or will be held as retained earnings in order to be used as the investment financing in the future. This research is meant to examine the influence of return on asset, debt to equity ratio, and collateral asset to the dividend policy. The samplesin this research are banking sector companies which are listed in Indonesia Stock Exchange (IDX) in 2012-2014 periods. The sample collection technique has been done by using purposive sampling. The data analysis method has been carried out by using multiple linear regressions analysis. The result of this research shows that (a) return on asset give positive influence to the dividend policy, (b) debt to equity ratio give positive influence to the dividend policy, (c) collateral asset give negative influence to the dividend policy.
Keywords: Return on asset, debt to equity ratio, collateral asset, dividend policy.