Path: Top Journal Jurnal_Keuangan_dan_Perbankan 2009

KEBIJAKAN PENDANAAN DAN DIVIDEN DENGAN PENDEKATAN INVESTMENT OPPORTUNITY SET

Jurnal Keuangan dan Perbankan, Volume 13, Nomor 2, Mei 2009
Journal from JIPTUNMERPP / 2012-01-20 03:00:58
Oleh : Christian Herdinata, Diploma 3 of Finance and Banking Merdeka University Malang (jurkubank@yahoo.com)
Dibuat : 2009-05-1, dengan file

Keyword : Debt policy, dividend policy, investment opportunity set, common factor analysis

This research aimed to identify policy difference of debt and dividend policy among companies having potency high and low growth with approach of investment opportunity set in Indonesia Stock Exchange (BEI). To classify company growth, it was applied five proxies Investment Opportunity Set (IOS) that was market to book of asset ratio (MVE/BE), price earning ratio (PER), value book of plant, property, and equipment to asset ratio ( PPE/BVA) and capital addition to book of asset ratio (CAP/BVA). The variables were analyzed using common factor analysis. In identifying debt policy to apply proxy debt equity ratio and dividend policy, proxy dividend yield was applied, then it was analyzed using difference test mean and test u mann whitney. The empirical results showed that company having potency to grow high had higher debt and lower dividend payment than companies having potency to grow low.

Deskripsi Alternatif :

This research aimed to identify policy difference of debt and dividend policy among companies having potency high and low growth with approach of investment opportunity set in Indonesia Stock Exchange (BEI). To classify company growth, it was applied five proxies Investment Opportunity Set (IOS) that was market to book of asset ratio (MVE/BE), price earning ratio (PER), value book of plant, property, and equipment to asset ratio ( PPE/BVA) and capital addition to book of asset ratio (CAP/BVA). The variables were analyzed using common factor analysis. In identifying debt policy to apply proxy debt equity ratio and dividend policy, proxy dividend yield was applied, then it was analyzed using difference test mean and test u mann whitney. The empirical results showed that company having potency to grow high had higher debt and lower dividend payment than companies having potency to grow low.

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PropertiNilai Properti
ID PublisherJIPTUNMERPP
OrganisasiD
Nama KontakDra. Wiwik Supriyanti, SS
AlamatJl. Terusan Halimun 11 B
KotaMalang
DaerahJawa Timur
NegaraIndonesia
Telepon0341-563504
Fax0341-563504
E-mail Administratorperpus@unmer.ac.id
E-mail CKOwsupriyanti@yahoo.com

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  • Editor: Wiwik Supriyanti, Dra. SS.