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研究生： 德妃
Dewi Sofia Safitri
論文名稱： THE INFLUENCE OF CREATIVE ACCOUNTING AND FINANCIAL RATIOS ON DIVIDEND PAYOUT RATIO
THE INFLUENCE OF CREATIVE ACCOUNTING AND FINANCIAL RATIOS ON DIVIDEND PAYOUT RATIO
指導教授： 陳俊男
Chun-Nan Chen
口試委員: 陳端如
Yenn-Ru Chen
林赶竹
Hsuan-Chu Lin
鄭仁偉
Jen-Wei Cheng
學位類別： 碩士
Master
系所名稱： 管理學院 - 財務金融研究所
Graduate Institute of Finance
論文出版年： 2021
畢業學年度： 109
語文別： 英文
論文頁數： 64
外文關鍵詞： Dividend Payout Ratio, Creative Accounting, Self Financial Ratio, Sales Growth
相關次數： 點閱：154  下載：7 
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  •  上一筆

    • The purpose of this research is to obtain the empirical evidence about the factors which will affect the dividend payout ratio of manufacturing company in Indonesia. Independent variables that used in this research are creative accounting, return on equity, firm size, self financial ratio, and sales growth. Population in this research is manufacturing companies listed in Indonesian Stock Exchange over three years from 2016 to 2018. Samples are obtained through purposive sampling method, in which 34 listed manufacturing companies meet the sampling criteria resulting 102 data available are taken as sample. Those data are processed using statistical test of multiple regression. The result of this research shows that self financial ratio and sales growth have influence to dividend policy. On the other hand, creative accounting, return on equity, and firm size have no influence.

    TABLE OF CONTENT ABSTRACT i ACKNOWLEDGEMENT ii TABLE OF CONTENTS iii LIST OF TABLES vii LIST OF FIGURES viii CHAPTER 1. INTRODUCTION 1.1 Motivation and Background 1 1.2 Research Problem 4 1.3 Research Objectives and Benefits 5 1.3.1 Research Objectives 5 1.3.2 Research Benefits 5 1.4 Research Concept 6 CHAPTER II. THEORETICAL FRAMEWORK AND HYPOTHESIS DEVELOPMENT 2.1 Theoretical Framework and Literature Review 8 2.1.1 Agency Theory 8 2.1.2 Signaling Theory 9 2.1.3 Bird-in-hand Theory 10 2.1.4 Dividend Payout Ratio 11 2.1.5 Creative Accounting 13 2.1.6 Return on Equity 14 2.1.7 Firm Size 16 2.1.8 Self Financial Ratio 17 2.1.9 Sales Growth 18 2.2 Research Model 19 2.3 Hypothesis Development 20 CHAPTER III. RESEARCH METHOD 3.1 Research Form 22 3.2 Research Object 22 3.3 Operational Definition 23 3.3.1 Dependent Variable 23 3.3.1.1 Dividend Payout Ratio 23 3.3.2 Independent Variable 24 3.3.2.1 Creative Accounting 24 3.3.2.2 Return on Equity 25 3.3.2.3 Firm Size 26 3.3.2.4 Self Financial Ratio 26 3.3.2.5 Sales Growth 27 3.4 Data Collection Technique 27 3.5 Data Analysis Method 28 3.5.1 Descriptive Statistics 28 3.5.2 Data Quality Test 28 3.5.2.1 Normality Test 28 3.5.3 Classic Assumption Test 29 3.5.3.1 Autocorrelation Test 29 3.5.3.2 Multicollinearity Test 30 3.5.3.3 Heteroscedasticity Test 31 3.5.4 Hypothesis Test 31 3.5.4.1 Correlation Coefficient Analysis 32 3.5.4.2 Coefficient of Determination Analysis 33 3.5.4.3 F Test 33 3.5.4.4 T Test 34 CHAPTER IV DATA AND ANALYSIS 4.1 Research Object 35 4.2 Descriptive Statistics 36 4.3 Residual Normality Test 38 4.4 Classic Assumption test 38 4.4.1 Autocorrelation Test 38 4.4.2 Multicollinearity Test 39 4.4.3 Heteroscedasticity Test 40 4.5 Hypothesis Test 40 4.5.1 Correlation Coefficient Analysis 40 4.5.2 Coefficient of Determination Analysis 41 4.5.3 F Test 42 4.5.4 T Test 43 4.6 Sensitivity Analysis 45 CHAPTER V. CONCLUSION AND RECOMMENDATION 5.1 Conclusion 46 5.2 Research Limitation 48 5.3 Recommendation 48 APPENDIX Appendix 1 Appendix 2 Appendix 3 REFERENCES

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