Penulis Utama : Silvina Desi s
Penulis Tambahan : -
NIM / NIP :
Tahun : 2005
Judul : Apakah perubahan dividen merupakan sinyal perubahan
Edisi :
Imprint : Surakarta - Fak. Ekonomi UNS - 2005
Kolasi :
Sumber : UNS-Fak. Ekonomi NIM.F0301005-2005
Subyek : MANAJEMEN KEUANGAN
Jenis Dokumen : Skripsi
ISSN :
ISBN :
Abstrak :

Dividend announcement contains important information for stockholders. Signaling Theory argue that dividend information can be viewed as good news and bad news to investor. Based o n this theory, dividend policy becomes an important thing for both company management and investor. Therefore, in making dividend policy, company considers some factors for example stockholder prosperity, management confidence to company performance and market reaction. Regarding to the confidence of future profit growth existence also becomes o ne of the considerations in determining the division of dividend. Based o n that relation, many researches are conducted to test the relation between dividend announcement and profit. Mean while, similar researches conducting in Indonesia are still to test the relation between dividend change and the profit or the share price instead of the cash flow change. Therefore, the purpose of this study is to test whether the dividend change signals the cash flow change for past, current and future.

The study conducted using twenty third companies data listed in Jakarta Stok Exchange from 1996-2001 that have experience o n dividend change during that period. Data are taken from Indonesian Capital Market Directory (ICMD) and company financial statements which are obtained from Magister of Management UNS library. The hypotheses are tested using two kinds of regression models. First model, is to analyze the dividend change both increase and decrease separately. Second model is used to analyze the dividend change concurrently. The results of this study indicate that dividend change signal the cash flow changes at past and current period. Detailed test shows the indication that o nly increase o n dividend represent signal to cash flow change at past. Another result concluded from this research is the existence of significant differences between increase and decrease o n dividend change

File Dokumen :

A PHP Error was encountered

Severity: Notice

Message: Trying to get property of non-object

Filename: page/dok_detail.php

Line Number: 147

A PHP Error was encountered

Severity: Notice

Message: Trying to get property of non-object

Filename: page/dok_detail.php

Line Number: 148

abstrak.pdf
Harus menjadi member dan login terlebih dahulu untuk bisa download.
File Jurnal : -
Status : Non Public
Pembimbing : 1. Doddy Setiawan, S.E.,M.Si., Ak
Catatan Umum :
Fakultas : Fak. Ekonomi dan Bisnis