Impact of Capital Investments and Cash Dividend Policy on Regional Development Bank (BPD) PT. Bank SUMUT to the District Own Source Revenue and Economic Growth
Siregar, Hasan Sakti
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This study aims to examine the impact of capital investment and cash dividends policy from the operations of the Regional Development Bank (PT. Bank Sumut) of the contribution to district own resource and economic growth is the result of capital investment is done as a form of application dividend policy and agency theory. The study design was descriptive quantitative. The study population is the District Municipality in the North Sumatra capital with share holder equity by the number of research samples are 25 District Municipality of the 2010-2014 period in which the sampling technique is done by purposive sampling method. Analysis of the data used to test the hypothesis is descriptive analysis, and pooling the data with the help of AMOS program. The results of this study concluded (1) Shares Holder Equity is significant effect on own resources revenue. (2) The cash dividend variableno significant effect on the own resources revenue (3) Variable Shareholder Equity no significant effect on economic growth. (4) Cash Dividend Variableis not significant effect to the economic growth. (5) Local Own Revenue Variable significant effect on economic growth and the influence of Sahreholder Equity (70.3%) and cash dividend (1.4%) to the Own Resource Revenue and the magnitude of the effect on the economic growth of shareholder equity variable (41%) and Cash Dividends (9.7%).