Proceedings of the 2nd Multidisciplinary International Conference, MIC 2022, 12 November 2022, Semarang, Central Java, Indonesia

Research Article

Companies in the Consumer Goods Sector That Are Listed on the Indonesian Stock Exchange: Factors Affecting Their Dividend Payout Ratio and Their Impact on the Value of the Company

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  • @INPROCEEDINGS{10.4108/eai.12-11-2022.2327367,
        author={Basuki  Surodjo and Pudji  Astuty and Sri  Sungkowati},
        title={Companies in the Consumer Goods Sector That Are Listed on the Indonesian Stock Exchange: Factors Affecting Their Dividend Payout Ratio and Their Impact on the Value of the Company},
        proceedings={Proceedings of the 2nd Multidisciplinary International Conference, MIC 2022, 12 November 2022, Semarang, Central Java, Indonesia},
        publisher={EAI},
        proceedings_a={MIC},
        year={2023},
        month={2},
        keywords={debt on equity ratio return on equity return on asset},
        doi={10.4108/eai.12-11-2022.2327367}
    }
    
  • Basuki Surodjo
    Pudji Astuty
    Sri Sungkowati
    Year: 2023
    Companies in the Consumer Goods Sector That Are Listed on the Indonesian Stock Exchange: Factors Affecting Their Dividend Payout Ratio and Their Impact on the Value of the Company
    MIC
    EAI
    DOI: 10.4108/eai.12-11-2022.2327367
Basuki Surodjo1,*, Pudji Astuty1, Sri Sungkowati1
  • 1: Universitas Borobudur, Indonesia
*Contact email: basukisurodjo@airmasgroup.co.id

Abstract

The purpose of this research is to examine the connection between the dividend payout ratio and other financial indicators, such as the asset turnover rate, the equity turnover rate, the debt to equity ratio, and the investment opportunity set. Data collection was carried out using purposive sampling by processing data from financial report to financial ratios. The data that has been obtained will be examined using multuiple regression analysis method. The dividend payout ratio is significantly impacted by the return on asset, return on equity, and investment opportunity set all at the same time. Dividend payout ratio is positively and significantly impacted by return on equity. The dividend payout ratio is significantly and negatively impacted by the ratio of return on assets and investments to equity. Furthermore, the dividend payout ratio is only moderately affected by the debt to equity ratio. Contrarily, dividend payout ratio has a negative and considerable impact on firm value.