%A  IRYULIAWATI 0916051073
%J Digital Library
%T 
INFLUENCE OF FREE  CASH  FLOW  TOWARDS DIVIDEND POLICY IN LQ45  INDONESIA PERIOD 2009-2011
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ABSTRACT



INFLUENCE OF FREE  CASH  FLOW  TOWARDS DIVIDEND POLICY IN LQ45  INDONESIA PERIOD 2009-2011



By



IRYULIAWATI



The purpose  of  this study  was  to determine  the  effect  of Free  Cash Flow  to
Dividend Policy.  Samples were taken using purposive  sampling.  Total sample of
13 companies. Techniques data analysis was using multiple linear regression with panel  data.  This study  used data from  the annual financial  statements for  the years  2009-2011 by the study variable.  The results of this study prove  that Free Cash Flow is not a significant  effect on Dividend Policy, Asset  Growth control variables did not significantly  influence the Dividend Policy, Size no significant effect on Dividend Policy, ROA significant effect on Dividend Policy. The results of F  test  results  simultaneously  there  is significant  effect  between  Free  Cash Flow, Asset Growth, Size, and ROA to Dividend Policy.

Key Words: Free Cash Flow and Dividend PayoutRatio. 








ABSTRAK



PENGARUH    FREE  CASH FLOWTERHADAP  DIVIDEND  POLICYPADA
PERUSAHAAN  LQ45 DI INDONESIA  PERIODE  2009-2011



Oleh



IRYULIAWATI



Tujuan penelitian ini adalah untuk mengetahui pengaruh Free Cash Flow terhadap Dividend Policy. Sampel diambil menggunakan purposive sampling. Jumlah sampel sebanyak 13 perusahaan. Teknik analisis data menggunakan regresi linier berganda dengan pendekatan  data panel. Penelitian ini menggunakan data laporan keuangan tahunan dari tahun 2009-2011 untuk tiap variabel penelitian. Hasil penelitian  ini membuktikan bahwa Free Cash Flow berpengaruh tidak signifikan terhadap Dividend Policy, variabel kontrol Asset Growth berpengaruh tidak signifikan terhadap Dividend  Policy,  Size berpengaruh  tidak  signifikan terhadap  Dividend Policy, ROA berpengaruh signifikan terhadap Dividend Policy. Hasil uji F secara simultan terdapat pengaruh yang signifikan antara Free Cash Flow, Asset Growth, Size, dan ROA terhadap Dividend Policy.

Kata  Kunci:  Free Cash Flow dan Dividend Payout Ratio.

%D 2012
%L eprints13077