Pengaruh Firm Size dan Growth Opportunity Terhadap Return on Assets dan Dividend Payout Ratio

Abstract

The aim of this study was to determine the direct effect of Firm Size and Growth Opportunity on ReturnOn Assets and the indirect effect of Firm Size, Growth Opportunity and Return On Assets on Dividend Payout Ratio in automotive sub-sector companies listed on the Indonesia Stock Exchange 2013-2017.The approach used in this study is an associative approachwhere a sample of 10 companies is obtained with a population of 13 in the Automotive Sub-Sector companies that are in accordance with the criteria set by the author based on observations made over the last 5 years, 2013-2017.Data collection techniques in this study used the classic assumption test and path analysis. In this study data processing is used with the SPSS program (Package Statistics for Social Scenario) version 24.0 for Windows.The results of this study prove that Firm Size directly has a negative and significant effect on Return On Asset, Growth Opportunity has no effect on Return On Assets, Firm Size has a positive and significant effect on the Dividend Payout Ratio, Growth Opportunity has no effect on Dividend Payout Ratio, Return On Asset noeffect on Dividend Payout Ratio, Firm Size has a direct effect on Dividend Payout Ratio without being mediated by Return On Asset, Growth Opportunity does not directly influence the Dividend Payout Ratio but must be mediated by Return On Asset, in automotive sub-sector companies listed on the Indonesia Stock Exchange