PENGARUH LIKUIDITAS, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP KEBIJAKAN DIVIDEN DAN HARGA SAHAM (Studi kasus pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia tahun 2013-2017)

Authors

  • Akhmad Darmawan Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Purwokerto
  • Meriska Yogi Widyasmara Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Purwokerto
  • Sri Rejeki Program Studi Ekonomi Syariah Pasca Sarjana IAIN Purwokerto
  • Muhammad Rizqie Aris Program Studi Ekonomi Syariah Pasca Sarjana IAIN Purwokerto
  • Roqi Yasin Program Studi Ekonomi Syariah Pasca Sarjana IAIN Purwokerto

DOI:

https://doi.org/10.24127/jm.v13i1.318

Abstract

The purpose of this study was to examine the effect of liquidity ratios, profitability and firm size on
stock prices with dividend policy as an intervening variable in manufacturing companies listed on the
IDX. The sample used in this study are 22 companies with the 2013-2017 research year. The
sampling technique uses purposive sampling. Data analysis techniques used descriptive statistics,
classical assumption tests, multiple linear regression and sobel tests. The results of this study indicate
that liquidity has no effect on dividend policy, liquidity has no effect stock prices, profitability do not
affect on dividend policy, profitability has no effect on stock prices, while firm size has significant
positive effects on dividend policy and stock price, dividend policy does not affect stock prices,
dividend policy is not able to mediate liquidity, profitability and size of the company against stock prices Keywords: Liquidity, Profitability, Company Size, Stock Price, Dividend Policy

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Published

2019-04-16

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Vol. 13 No. 1 (2019): April

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