THE IMPACT OF FREE CASH FLOW ON DIVIDEND PAYOUT RATIO OF MANUFACTURING FIRMS LISTED IN INDONESIA STOCK EXCHANGE

Djafar, Ivana Anggraini (2018) THE IMPACT OF FREE CASH FLOW ON DIVIDEND PAYOUT RATIO OF MANUFACTURING FIRMS LISTED IN INDONESIA STOCK EXCHANGE. THE IMPACT OF FREE CASH FLOW ON DIVIDEND PAYOUT RATIO OF MANUFACTURING FIRMS LISTED IN INDONESIA STOCK EXCHANGE.

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Abstract

This research examines the impact of free cash flow on dividend payout ratio. The population of this research is all manufacturing firms listed in Indonesia Stock Exchange (BEI) from 2012 – 2015. Sample is taken using purposive sampling technique. The research uses 216 samples that are taken from 82 manufacturing firms that are listed in the Indonesia Stock Exchange (IDX) from 2012-2015. The result of this research shows that free cash flow has an impact on dividend payout ratio of manufacturing firms listed in Indonesia Stock Exchange. Size also has an impact on dividend payout ratio but the age of the firms does not have an impact on dividend payout ratio. This research conclude that firms with higher free cash flow will also produce more dividend.

Item Type: Article
Uncontrolled Keywords: Free Cash Flow, Dividend Payout Ratio, Firm Size, Firm Age
Subjects: Akuntansi > Akuntansi Keuangan
Divisions: Fakultas Ekonomi > Akuntansi Internasional
Depositing User: Editor UAJY
Date Deposited: 20 Feb 2018 11:49
Last Modified: 20 Feb 2018 11:49
URI: http://e-journal.uajy.ac.id/id/eprint/13935

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