The Influence Of Financial Ratio and Dividend Policy On Profit Growth In Consumer Goods Industry Sector Companies Listed on the Indonesia Stock Exchange 2016-2020

Tasha Pradipta Bolga Nasution, Ade Banani, Intan Shaferi

Abstract


This study aims to determine the relationship of financial ratio and dividend policy consisting of current ratio, debt to equity ratio, total assets turnover, net profit margin, dividend payout ratio, sales growth, and firm size on profit growth in consumer goods industry sector companies listed on IDX 2016-2020. The research method used is a quantitative research method with purposive sampling technique with samples obtained as many as 10 companies and use analysis panel data regression.

Based on the research results, current ratio has a negative effect on profit growth. net profit margin has a positive effect on profit growth. dividend payout ratio has a positive effect on profit growth. sales growth has a positive effect on profit growth. debt to equity ratio, total assets turnover, and firm size has no effect on profit growth. 


Keywords:Profit Growth, Profitability, Liquidity, Leverage, Activity, Dividend Policy, Sales Growth, Firm Size.


Full Text:

PDF

References


Arnott, R., & Asness, C. (2001). Does Dividend Policy Foretell Earnings Growth? Financial Analysts Journal.

Arnott, R., & Asness, C. (2003). Surprise! Higher Dividends = Higher Earnings Growth. Financial Analysts Journal, 70-87.

Brigham, E. F., & Houston, J. F. (2010). Dasar-Dasar Manajemen Keuangan, Edisi 11. Jakarta: Pt Salemba Empat.

Brigham, E., & Houston, J. (2001). Manajemen Keuangan. Edisi Kedelapan. Jakarta: Erlangga.

Endri, E., Sari, A. K., Budiasih, Y., & Kasmir, K. (2020). Determinants Of Profit Growth In Food And Beverage Companies In Indonesia. Journal Of Asian Finance, Economics And Business, 739-748.

Fahmi, I. (2015). Analisis Laporan Keuangan. Bandung: Alfabeta.

Hery. (2017). Analisis Laporan Keuangan. Jakarta: Pt Grasindo.

Horne, J. C., & Jr., J. M. (2008). Fundamentals Of Financial Management Thirteenth Edition. England: Pearson Education Limited.

Huang, C. S., You, C. F., & Lin, S. H. (2009). Dividend Payout Ratios And Subsequent Earnings Growth: Evidence From Taiwanese Stock-Listings Companies. Investment And Financial Innovations, 83-99.

Jensen, M., & Meckling, W. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal Of Financial Economics, 305-360.

Kasmir. (2012). Analisis Laporan Keuangan. Jakarta: Rajawali Pers.

A., Martin, J., Petty, J., & Scott, D. (2011). Manajemen Keuangan: Prinsip & Penerapan. Jakarta: Pt Indeks.

Ross, S., Westerfield, R., & Jordan, B. (2015). Fundamentals Of Corporate Finance Ninth Edition. New York: Mcgraw-Hill/Irwin.

Spence, M. (1973). Job Market Signaling. The Quarterly Journal Of Economics, 355-374.

Suliyanto. (2011). Ekonometrika Terapan: Teori Dan Aplikasi Dengan Spss. Yogyakarta: Andi.

Suliyanto. (2018). Metode Penelitian Bisnis. Yogyakarta: Andi.

Weston, J. F., & Brigham, E. F. (1993). Manajemen Keuangan (Managerial Finance). Jakarta: Erlangga.

Weston, J., & Copeland, E. (2010). Manajemen Keuangan Jilid 2. Jakarta: Binarupa Aksa.


Refbacks

  • There are currently no refbacks.