Journal of Management and Business
Vol 3 No 1 (2024): ManBiz: Journal of Management and Business (In Press)

Pengaruh Kebijakan Deviden terhadap Volatilitas Harga Saham

Daffa Putra Alvaro (Universitas Sebelas Maret)
Nabila Amaro Laila Rosyda (Universitas Airlangga)



Article Info

Publish Date
30 Nov 2023

Abstract

This study aims to examine the effect of dividend policy on stock price volatility. Dividend policy is measured through the proxies of dividend payout ratio, dividend yield and dividend per share. This research also adds control variables in the form of profit volatility and company growth. Stock price volatility was measured using Baskin's Model (1989). The sample used in this study is 49 financial sector companies listed on the Indonesia Stock Exchange from 2014-2019 and have met the qualifications of the research criteria. Determination of the sample is determined by purposive sampling method which produces 294 annual report data of companies engaged in the financial sector. This study uses panel data regression. This study was conducted with the aim of examining the effect of dividend policy variables with the proxies of dividend payout ratio, dividend yield and dividend per share on stock price volatility. This research resulted in dividend payout ratio, dividend per share and dividend yield significant negative effect on stock price volatility.

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Journal Info

Abbrev

manbiz

Publisher

Subject

Religion Economics, Econometrics & Finance Industrial & Manufacturing Engineering

Description

ManBiz: Journal of Management and Business is a peer-reviewed national journal on Management, Islamic Management, Economics, Financen and Business by Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor in cooperation with Masyarakat Ekonomi Syariah (MES) and Intelectual Association for Islamic ...