Skripsi

Pengaruh free cash flow terhadap return saham melalui dividend policy (studi pada perusahaan yang listing di BEI tahun 2013-2015 / Lisa Rahayu Ningsih

Abstrak
ABSTRAK Ningsih Lisa Rahayu. 2017. Pengaruh Free Cash Flow Terhadap Return Saham Melalui Dividend Policy (Studi pada perusahaan yang Listing Di BEI Tahun 2013-2015). Skripsi Jurusan Manajemen Fakultas Ekonomi Universitas Negeri Malang. Pembinbing Yuli Soesetio S.E. M.M Kata Kunci free cash flow dividend policy return saham Free cash flow merupakan arus kas yang diperoleh dari operasi perusahaan setelah mendanai kegiatan investasi dan modal kerja untuk operasi. Perilaku keuangan manajer atas free cash flow dapat dikontrol melalui bonding berupa dividend policy. Pembayaran cash dividen ditangkap sebagai signal positif perusahaan oleh Investor mengenai prospek perusahaan di masa depan. Secara tidak langsung mempengaharuhi keputusan membeli atau menjual saham saat manajer keuangan membagikan cash dividen dari free cash flow. Dalam penelitian ini menggunakan dua return saham yaitu return saham publikasi dan RUPS sebagai dependen variabel atas free cash flow dan dividen policy pada perusahaan yang listing di BEI periode 2013-2015. Hasil dari penelitian ini menunjukkan bahwa variabel dividend policy berpengaruh positif signifikan terhadap return saham setelah pengumuman hasil RUPS. Berdasarkan hasil penelitian Peneliti mengajukan saran kepada pihak-pihak diantaranya (1) bagi Perusahaan sebaiknya mencantumkan informasi free cash flow pada ikhtisar laporan keuangan agar dapat dijadikan pertimbangan oleh investor (2) bagi Investor diharapkan menambah wawasan variabel selain dividend policy yang berpengaruh signifikan terhadap return saham (3) bagi Peneliti selanjutnya diharapkan dapat mengembangkan penelitian dengan menambahkan variabel diantaranya discretionary component of outlays dan capital expenditure pada perhitungan free cash flow set keputusan investasi dan umur perusahaan memoderasi return saham Debt to equity ratio sebagai variabel mediasi siklus hidup perusahaan dan set keputusan investasi sebagai variabel eksogen terhadap dividend policy. ABSTRACT Ningsih Lisa Rahayu. 2017. The Effect of Free Cash Flow on Stock Return through Dividend Policy (Study of Companies Listing at Indonesia Stock Exchange 2013-2015). Mini Thesis Department of Management Faculty of Economic State University of Malang. Supervisor Yuli Soesetio S.E. M.M Keywords Free cash flow Dividend policy Stock return Free cash flow is cash flow gained from company operation after funding investment activity and operation working capital. Financial manager s behavior over free cash flow may be controlled through bonding of dividend policy. Cash dividend payment captured as company s positive signal by investors about company prospect in the future. Indirectly it will affect to the decision of purchasing or selling stocks when financial manager pay cash dividend from free cash flow. In this research it used two stock returns publication stock return and General Meeting of Shareholders as dependent variable over free cash flow and dividend policy to the companies listing in BEI (Indonesia Stock Exchange) period of 2013-2015. The research result sowed that dividend policy variable affected positively and significantly to the stock return after the announcement of General Meeting of Shareholders. Based on the research result the researcher wants to suggest to the parties as follow (1) for the companies should mention information about free cash flow on financial statement in order to be made as consideration by investors (2) for investors expected to enlarge knowledge about variables other than dividend policy which affected significantly to the stock return (3) for the next researcher expected to add other variables such as discretionary component of outlays and capital expenditure on free cash flow calculation set of investment decision and company age in moderating stock return debt to equity ratio as mediation variable company s life cycle and set of investment decision as exogenous variable to the dividend policy.

Informasi Detail

DDC

Rs 332.63221 NIN p

Prodi

Universitas Negeri Malang. Program Studi Manajemen, 2017.

Deskripsi Fisik

ix, 135 lembar : il. , tab. ; 30 cm

Bahasa

Indonesia

No Reg

02949/KI/17

Edisi

Skripsi (Sarjana)--Universitas Negeri Malang. 2017

Subjek

1. LABA SAHAM - PEMBAGIAN
2. DEVIDENT PAYOUT

Pembimbing

1. Yuli Soesetio

Lampiran Berkas