PENGARUH CURRENT RATIO DAN DEBT TO EQUITY RATIO TERHADAP DIVIDEND PAYOUT RATIO MELALUI RETURN ON ASSET (STUDI PADA PERUSAHAAN NON KEUANGAN YANG TERDAFTAR DI BEI PERIODE 2014 – 2018)

Authors

  • Rico Wijaya Fakultas Ekonomi dan Bisnis, Univrsitas Jambi
  • Agus Solikhin Fakultas Ekonomi dan Bisnis, Universitas Jambi

Keywords:

Current Ratio, Debt to Equity Ratio, Return on Assets, Dividend Payout Ratio

Abstract

The purpose of this study was to determine the effect of Current Ratio (CR) and Debt Equity Ratio (DER) on Dividend Payout Ratio (DPR) through Return on Asset (ROA) in Non-Financial companies listed on the Indonesia Stock Exchange for the period 2014-2018. There are 391 non-financial companies listed on the Indonesia Stock Exchange for the period 2014-2018 and the sample in this study was collected as many as 60 companies. The data processed in this study is descriptive analysis techniques with the SPSS version 22 program. This study found 1) Current Ratio (CR) has a significant positive effect on Return on Assets (ROA), 2) Debt to Equity Ratio (DER) has a significant positive effect on Return on Assets (ROA), 3) Current Ratio (CR) has no effect on Dividend Payout Ratio (DPR), 4) Debt to Equity Ratio (DER) has no effect on Dividend Payout Ratio (DPR), 5) Return on Asset (ROA) has a significant positive effect on Dividend Payout Ratio (DPR), 6) Return on Asset (ROA) is able to mediate in the relationship of Current Ratio (CR) to Dividend Payout Ratio (DPR) and 7) Return on Asset (ROA) is able to mediate in the relationship of Debt to Equity Ratio (DER) to Dividend Payout Ratio (DPR).

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Published

2021-03-23

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Section

Articles