Managerial ownership variable has no significant effect on dividend payout ratio. However, a negative sign of regression variables, which is located on the property management of the study are similar to those expected, and is generally in line with previous studies.
Another observation research is set investment opportunity (IOS) variable has a significant positive impact on the dividend yield. IOS variables influence is not as expected, in theory IOS must affect the dividend yield.
Research Paper Conclusion: Dividend Payout Ratio
ROA variable has no significant effect on the ratio of dividend payout. However, the sign of the coefficient of the activities of variable effect of the dividend payout ratio, which is positive as expected, and is generally in line with previous studies.
Variables gears have no significant effect on the ratio of dividend payout. In addition, it was found that the sign of the regression coefficient on this variable is negative, not assumptions DER. This may be because most of the samples in this study proved to be a low value of the DER and is usually high in the DPR. The companies sampled in this study did not focus the activities to be financed through debt, this shows the average ratio of DER low, even below 1.
Research Paper Conclusion: Dividend Payout Ratio
The property management variables, Investment Opportunity Set (IOS), ROA, debt ratio is important common effect on the proportion of payment. It also found that the coefficient of determination of regression equations in this study is 0.567 which means that the ability of the regression equation to explain the magnitude of the changes that occur in varying amounts to 34, 2%, while 74 , 8% is explained by other variables not used in the regression equation.
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