THESIS PROPOSAL SEMINAR

THE INFLUENCE OF FINANCIAL RATIO AND GROWTH

TOWARD DIVIDEND POLICY : STUDY OF COMPANIES
LISTED IN JAKARTA ISLAMIC INDEX (JII)

By,
AUDINI DESI PERMATA PUTRI
C1K014007

ADVISOR/MODERATOR ADVISOR 2 EXAMINER

Dr. Sudarto, ME Ekaningtyas Widiastuty,S.E,M.Si Dr. Ary Yunanto,M.Si

BACKGROUND

INVESTMENT

INVESTMENT

INVESTMENT

DIVIDEND
Dividend (%) Dividend Payment

70.0

62.4
60.0 59.9
58.6

52.3
50.0
46.6

40.0

30.0

20.0

10.0
Year

0.0
2012 2013 2014 2015 2016

Source : www.idx.com
 LITERATURE REVIEW

• Dividend is payment of profit obtained by the company

to shareholder in form of cash or stock (Ross,2008).
DIVIDEND • Dividend Policy
• Proxy : Dividend Payout Ratio (DPR)

• Liquidity is the ratio that measure the company’s ability

LIQUIDITY to meet it’s short-term obligation (Ross,2010).
• Proxy : Current Ratio (CR)

• Leverage show comparison how far the company’s

assets are being financed by debt and equity
LEVERAGE (Ross,2009).
• Proxy : Debt Equity Ratio (DER)
 LITERATURE REVIEW

•Profitability is the ratio that measure the

PROFITABILITY company’s ability to generate profit.
•Proxy : Return on Assets (ROA)

•Activity is the ratio that measure how

company utilize their existing sources
ACTIVITY effectivelly.
•Proxy : Total Asset Turnover (TATO)

•Growth is the ability of a company to maintain

GROWTH its business position in the economic and
industrial development (Deskmukh, 2005).
 RESERACH MODEL

LIQUIDITY (X1)

LEVERAGE (X2)

PROFITABILITY (X3) DIVIDEND POLICY (Y)

ACTIVITY (X4)

GROWTH (X5)
 THE HYPOTHESIS
• Liquidity has a positive influence toward Dividend
H1 Policy

• Leverage has a positive influence toward Dividend

H2 Policy

• Profitability has a positive influence toward

H3 Dividend Policy

• Activity has a positive Influence toward Dividend

H4 Policy

• Growth has a positive Influence toward Dividend

H5 Policy
RESEARCH METHOD
Research Research Research
Type Object Subject
Associatives DPR, CR, DER, Companies
Research ROA, TATO, listed in
and GROWTH Jakarta Islamic
Index (JII)
2012-2016

Population Data Collection Type and

and Sample Method Source Data
Population : 30 Documentation Type :
Companies Method Secondary data
Sample : 9 Literature Source :
Companies Study Method Indonesia
Purposive Stock
Sampling Exchange (IDX)
DATA ANALYSIS TECHNIQUE

Descriptive Statistics Analysis

Panel Data Regression Analysis

Random Effect Methods

Classical Assumption Test

Multicollinearity & Heteroscesdasticity Test

Goodness of Fit Test

Coefficient of Determination (R2), F- Test & t-Test Statistics
THANKYOU
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