ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI DIVIDEND PAYOUT RATIO (DPR) MENGGUNAKAN ANALISIS REGRESI LINIER DENGAN BOOTSTRAP (Studi Kasus: PT. Unilever Indonesia, Tbk Tahun 1999-2015)

Abstract

The amount of dividend paid by the company to shareholders or dividend payout ratio is the main factor that investors pay attention to invest their capital into the company. Investors want a relative dividend, even increasing over time. Factors influencing the level of dividend payout ratio are Return on Equity (ROE), stock price, liquidity ratio, and leverage level. Based on this, multiple linear regression analysis with bootstrap is used. The purpose of this study is to analyze the factors that significantly affect the dividend payout ratio based on the best model used to predict the value of dividend payout ratio for the next period. The bootstrap method is used to overcome the occurrence of multicollinearity among independent variables due to the small sample size. Based on the simulation done with software R using PT data. Unilever Indonesia, Tbk from 1999-2015 obtained best model is bootstrap residual with 2 significant independent variable are ROE and level of leverage. Based on the best model, the predicted value of dividend payout ratio of 2016 is 41.60196 with percentage error of 7.0812%.

Keywords : Regression analysis, Bootstrap, Dividend Payout Ratio, ROE, leverage