The Effect Of Operating Cash Flow And Net Profit On Cash Dividend In Index Companies Kompas 100 On The Indonesia Stock Exchange

Authors

  • Ivone Gabriella STIRMAN Sam Ratulangi University, Indonesia
  • Jenny MORASA Sam Ratulangi University, Indonesia
  • Rudy PUSUNG Sam Ratulangi University, Indonesia

DOI:

https://doi.org/10.38142/jogta.v2i1.683

Keywords:

Operating cash flow, net profit, cash dividend

Abstract

Cash dividends are one of the benefits obtained by investors as a form of profit sharing generated by the company, the profits obtained from cash dividends are expected to provide more certainty than capital gains. This study aims to determine the effect of operating cash flow and net profit on cash dividends in kompas 100 index companies on the Indonesia Stock Exchange (IDX) during the 2019-2021 period. This research uses quantitative methods with an associative approach. Sampling was carried out using the purposive sampling method and obtained by 36 companies that are members of the compass index 100. The results showed that partially the operating cash flow did not have a significant effect on cash dividends, and net profit had a significant effect on cash dividends, while simultaneously operating cash flow and net profit had a significant effect on cash dividends

References

Ardiansyah, A. (2018). Analysis of the effect of net income and operating cash flows on cash dividends in LQ 45 index companies. Jurnal Manajemen Motivasi, 14(2), 80-86.

Indonesia Stock Exchange (IDX). 2022. Indonesia Stock Exchange Industrial Classification (IDX-IC). https://www.idx.co.id/product/saham/. September 27, 2022 (15:50)

Edmon, E. (2021). Analisis Laba Bersih, Arus Kas Operasi, Dan Arus Kas Bebas Terhadap Dividen Tunai Di Bursa Efek Indonesia (Doctoral dissertation, Prodi Akuntansi).

Fajarwati, D. 2020. Agency Theory.

https://www.kompasiana.com/dita180599/5fc61ce18ede481026544212/teori-keagenan-agency-theory . October 19, 2022 (17:12).

Firmansyah, R. 2020. Signaling Theory.

https://www.kompasiana.com/rizkifirmansyah6995/5fc064104b222b7192574782/teori-signal-signalling-theory. September 27, 2022 (10:00).

Kompas100. (2022). About Kompas100. https://kompas100.id/about. September 28, 2022 (14:10)

Kresna, 2021. Bird In The Hand Theory (Bird In The Hand Theory) (thesis and thesis) – Jogja thesis consultation.

https://konsultasikrip.com/2021/07/01/teori-bird-in-the-hand-bird-in-the-hand-theory-krip-dan-tesis/. September 28, 2022 (10:04)

Lubis, R. H. (2022). Analisis Determinan yang Mempengaruhi Deviden Tunai Pada Perusahaan Farmasi Di Bursa Efek Indonesia. Jurnal AKMAMI (Akuntansi Manajemen Ekonomi), 3(2), 385-389.

Marismiati, M., & Aini, K. (2021). Pengaruh Laba Bersih Dan Arus Kas Operasi Terhadap Dividen Tunai Perusahaan Konstruksi Di BEI Tahun 2016-2019. LAND JOURNAL, 2(1), 44-53. https://doi.org/10.47491/landjournal.v2i1.1032.

Maulina, I. (2021). Pengaruh Pengaruh Laba Bersih dan Arus Kas Operasi Terhadap Dividen Tunai. Jurnal Ilmiah Akuntansi dan Keuangan, 10(2), 156-169.

https://doi.org/10.32639/jiak.v9i2.864.

Statement of Financial Accounting Standards No. 2 (Revised 2009). Cash flow statement. Financial Accounting Standards Board – Indonesian Institute of Accountants. Jakarta.

Downloads

Published

2023-07-31