PENGARUH KEBIJAKAN DEVIDEN, CASH FLOW,DAN SALES TERHADAP FUTURE EARNING PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2016-2020

Abstract

The purpose of this research is to find the dividend policy, cash flow and sales have a significant affect on future earnings of Automotive Company Listed in the Indonesia Stock Exchange. The period that is used in this research is 2016-2020. Number of population in this research is 13 mining company. The sample that is gotten is 7 company by using purposive sampling technic. Kinds of data used is secondary data. Dividen policy, cash flow, and sales is used as independend variabel and future earnings is used as dependend variabel.Analyzes model that is used is multiple regression. Classic assumption tests that is used is normality test, multicolinearity test, autocorelation test, and heterocedastisity test. Hypothesis test that being used were, t-test, F-test and R square. Based on the results of data analysis using SPSS 25, it show that Dividen policy partially has a positive and significant effect on Future Earnings with a significance value of 0.002, the Cash Flow has a negative and significant effect on Future Earnings with a significance value of 0.012, and Sales has a positive and insignificant effect on Future Earnings with a significance value of 0.321. Simultaneously, the variables Dividen Policy, cash Flow and Sales a significant effect on Future Earnings with a significance value of 0.000. The coefficient determinant (R2) is 0,553 which means 55,3% Future Earnings variation explained by three independent variables, where as 44,7% explained by another variables which is not followed.