Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)

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Effect of Return on Asset (ROA), Current Ratio (CR), Debt to Asset Ratio (DAR), and Firm Size on Company Dividend Policy

(Case Study of Cigarette Sub-sector Manufacturing Companies Listed on the Indonesia Stock Exchange in 2017–2021)

Authors
Efi Resfitasari1, *, Ike Sapitri1, *, Rida Julian Ardea1, *, Taofik M. Gumelar1, *
1Nusa Putra University, Sukabumi, Indonesia
*Corresponding author. Email: efi.resfitasari_ak19@nusaputra.ac.id
*Corresponding author. Email: Ike.sapitri_ak19@nusaputra.ac.id
*Corresponding author. Email: rida.julian_ak19@nusaputra.ac.id
*Corresponding author. Email: taofik.gumelar@nusaputra.ac.id
Corresponding Authors
Efi Resfitasari, Ike Sapitri, Rida Julian Ardea, Taofik M. Gumelar
Available Online 30 August 2023.
DOI
10.2991/978-94-6463-226-2_39How to use a DOI?
Keywords
Return on Assets; Current Ratio; Debt to Asset Ratio; Firm Size; Dividend Policy
Abstract

This study aims to determine the effect of Return on Assets (ROA), Current Ratio (CR), Debt to Asset Ratio (DAR), and Firm Size on Company Dividend Policy. The population in this study are cigarette sub-sector manufacturing companies listed on the Indonesia Stock Exchange engaged in the tobacco industry. The samples in this study were 4 companies from the 2017–2021 period and were selected using a purposive sampling technique (non-probability). In this study the variables used are ROA, CR, DAR, and Firm size to determine whether this ratio analysis affects dividend policy in cigarette manufacturing sub-sector companies listed on Indonesia stock exchange. The data analysis technique used was the Multiple Linear Regression analysis technique using the SPSS version 22 application. The results showed that the classical assumption test data was normally distributed, showing no multicollinearity symptoms, no autocorrelation, and no heteroscedasticity symptoms. The independent variable has an influence of 41.5% on the dependent variable. Partially the ROA variable has a positive effect on dividend policy, but the CR, DAR, and Firm Size variables have no effect. Simultaneously ROA, CR, DAR, and Firm Size jointly influence dividend policy.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
30 August 2023
ISBN
10.2991/978-94-6463-226-2_39
ISSN
2352-5428
DOI
10.2991/978-94-6463-226-2_39How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Efi Resfitasari
AU  - Ike Sapitri
AU  - Rida Julian Ardea
AU  - Taofik M. Gumelar
PY  - 2023
DA  - 2023/08/30
TI  - Effect of Return on Asset (ROA), Current Ratio (CR), Debt to Asset Ratio (DAR), and Firm Size on Company Dividend Policy
BT  - Proceedings of the International Conference on Economics, Management and Accounting (ICEMAC 2022)
PB  - Atlantis Press
SP  - 487
EP  - 500
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-226-2_39
DO  - 10.2991/978-94-6463-226-2_39
ID  - Resfitasari2023
ER  -