Analysis of the effect of dividend policy and profitability on stock price
Abstract:
Purpose: This study tests the hypothesis of the effect of dividend policy and profitability on stock prices in food and beverage subsector companies listed on the IDX.
Research Methodology: The population in this study was Food and Beverage subsector companies listed on the IDX 2020-2022. The sampling technique was purposive, with a total sample of 15 companies. The analysis techniques included the classical assumption test, multiple linear regression analysis, coefficient of determination (R2) test, t-test, and model feasibility test (F-test). Quantitative research method was used. The variables used were dividend policy, profitability, and stock prices.
Results: The results of the normality test of normally distributed variables, the results of multicolonierity, heterokedasitas, and autocorrelation tests did not have multicollinearity, heterokedasitas, or autocorrelation problems. The results of hypothesis testing concluded that simultaneously, there is an effect of dividend policy and profitability on stock prices with a sig value of 0.00 <0.05; partially, there is an effect of dividend policy on stock prices with a sig value of 0.021 <0.05, and there is an effect of profitability on stock prices with a sig value of 0.000 <0.05.
Limitations: This research is aimed only at Food and Beverage subsector companies listed on the IDX during the period 2020-2022.
Contribution: This research is expected to be useful as a reference material in the same research and further research at PGRI University Palembang and is expected to be used as input for research sites to make decisions about the effect of dividend policy and profitability on stock prices in food and beverage subsector companies listed on the IDX.
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- Anayochukwu, G. I., Ani, V. A., & Nsah, B. (2022). Assessment of local government autonomy and governance: A case study in Nigeria. Journal of Governance and Accountability Studies, 2(1), 15-28.
- Ardiansyah, A. T., Yusuf, A. A., & Martika, L. D. (2020). Pengaruh Kebijakan Dividen, Profitabilitas Dan Struktur Modal Terhadap Harga Saham. Jurnal Ekonomi, Akuntansi & Manajemen, 1(1).
- Darmawan, D. (2018). Manajemen Keuangan: Memahami Kebijakan Dividen, Teori dan Praktiknya di Indonesia. Penerbit Universitas Islam Negeri Sunan Kalijaga.
- Deitiana, T., Yap, S., & Ersania, E. (2020). Dividend Payout Ratio dan Faktor yang Mempengaruhinya Pada Perusahaan Makanan dan Minuman di Bursa Efek Indonesia. Media Bisnis, 12(2), 119-126.
- Dewi, N. L. P. S. U., & Sudiartha, I. G. M. (2019). Pengaruh profitabilitas, likuiditas, leverage, dan ukuran perusahaan terhadap return saham pada perusahaan food and beverage. Udayana University.
- Emmanuel, O. O. (2021). The dynamics of work environment and its impact on organizational objectives. Annals of Human Resource Management Research, 1(2), 145-158.
- Hadiwijaya, H., & Yustini, T. (2023). Analysis of consumer preferences towards digital marketing and its implications on the competitive advantage of SMEs in Banyuasin Regency. Annals of Human Resource Management Research, 3(2), 83-96.
- Hery, H. (2016). Analisis Laporan Keuangan: Integrated And Comprehensive Edition: Gramedia Widiasarana Indonesia.
- Latifah, H. C., & Suryani, A. W. (2020). Pengaruh kebijakan dividen, kebijakan hutang, profitabilitas, dan likuiditas terhadap harga saham. Jurnal Akuntansi Aktual, 7(1), 31-44.
- Levina, S., & Dermawan, E. S. (2019). Pengaruh Profitabilitas, Likuiditas, Solvabilitas, Aktivitas, Dan Kebijakan Dividen Terhadap Harga Saham. Jurnal Paradigma Akuntansi, 1(2), 381-389.
- Sartono, A. (2010). Manajemen Keuangan Teori dan Aplikasi (Keempat). Yogyakarta: BPFE.
- Seto, A. A., Yulianti, M. L., Nurchayati, N., KUSUMASTUTI, R., Astuti, N., Febrianto, H. G., . . . Satrio, A. B. (2023). Analisis Laporan Keuangan Bab 4 Analisis Rasio.
- Sugiyono, P. (2019). Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.
- Sugiyono, S. (2020). Metodologi Penelitian Kualitatif. Bandung: Alfabeta.
- Tanha, M., Siddique, M. A., Nurulhoque, M., Sumon, M. M. I., Sazin, R., & Hossain, P. (2023). Rohingya refugees and its impact on informal economy: Cox's Bazar, Bangladesh. Journal of Governance and Accountability Studies, 3(1), 63–83.
- Tannadi, B. (2020). Ilmu Saham: Pengenalan Saham: Elex Media Komputindo.
- Widoatmodjo, S. (2001). Cara Sehat Investasi Manajemen Portofolio. Edisi Pertama. Yogyakarta. BPFE.
