Association of Investment Opportunity Set (IOS) With Funding Policy, Dividend Policy and Profitability of Companies in Growth and Non-Growth (Study on Manufacturing Companies listed on the Indonesia Stock Exchange for the Period 2004-2006

Amount:  Association of Investment Opportunity Set (IOS) With Funding Policy, Dividend Policy and Profitability of Companies in Growing and Non-Growing Growth (Study on Manufacturing Companies Listed on the Indonesia Stock Exchange 2004-2006 Period)

Authors: Ongko Wiyono

Item Type: Thesis

Memberships: Master of Management Study Program, Faculty of Economics and Business Universitas Airlangga Surabaya, Indonesia

Publisher: Airlangga University

Abstract

The research was at to know associates of investment opportunity set on financing policy, dividend policy, and firm profitability. The methodology used in this research was 1) data was collected from documentation. Documentation is taken from firm's released annual financial statement on Indonesia Stock Exchange (BEI) from 2004-2006, 2) the research was conducted using factor analysis, common factor analysis is conducted to construct composite measure then ranked in order to classify the growth of sampling firms, 3) all data were tested by using multiple linear regression. The final result of this research showed that growth firms significantly associate financing policy and dividend policy, but cannot prove significantly associates with firm profitability.

Keywords: Investment opportunity set, financing policy, dividend policy, firm profitability

sources: http://repository.unair.ac.id/94102/