Analisis Hubungan Antara Investment Opportunity Set (IOS) Dengan Kebijakan Pendanaan Dan Dividen Perusahaan Manufaktur Di Bursa Efek Indonesia

SUGIARTI , SRI (2010) Analisis Hubungan Antara Investment Opportunity Set (IOS) Dengan Kebijakan Pendanaan Dan Dividen Perusahaan Manufaktur Di Bursa Efek Indonesia. Masters thesis, Universitas Sebelas Maret.

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    Abstract

    This study aims to examine the relationship between the invest ment opportunity set (IOS) with the dividend policy and corporate funding. IOS variables used include MBV of equity, MBV of assets, price earning ratio, capital expenditure to book value of assets, and capital exp enditure to market value of assets. While the funding policy variables using the ratio of book debt to equity and dividend policy variables using the dividend payout ratio and dividend yield. The value of each indicator is analyzed using common factor analysis. Before testing the correlation between the value of the IOS with the financing and dividend policies, testing the normality of the variable first. Tests using one sample Kolmogorov Smirnov T est. From the test results, all variables ar e normally distributed so that hypothesis testing is don e by using Pearson Product Moment correlation. The population in this study are all manufacturing companies listed on the IDX (Indonesian Stock Exchange) for the period 2004 -2007. Samp les from this study is a manufacturing company. The sampling technique used in this study were a purposive sampling method. Results obtained in this study were (1) There is a significant negative relationship between the IOS with the Book D ebt to Equity (2) There are no significant positive relationship between the IOS with Dividend Payout, and (3) There is a significant negative relationship between the IOS with Dividend Yield . Keywords: Investment Opportunity Set (IOS), Financing Policy, Dividends, Manufacturing Company.

    Item Type: Thesis (Masters)
    Subjects: H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
    Divisions: Fakultas Ekonomi
    Fakultas Ekonomi > Manajemen
    Depositing User: Na'imatur Rofiqoh
    Date Deposited: 28 Jul 2013 19:29
    Last Modified: 28 Jul 2013 19:29
    URI: https://eprints.uns.ac.id/id/eprint/9860

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