Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Dividend as a Moderation Variable to Increase Stock Prices
Dublin Core
Title
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Dividend as a Moderation Variable to Increase Stock Prices
Dividend as a Moderation Variable to Increase Stock Prices
Subject
dividend; stock price; investor valuation; profit; company
Description
One of the strategic decisions in the company is related to dividend decisions. It becomes the basis for investors to invest in shares. Investors value income from dividends distributed by companies for more than income from capital gains. Investors
prefer to receive payment now than future ones because they are faced with uncertainty. Regular dividend distribution indicates the company has bright prospects in the future. Accordingly, Dividends have a significant influence on the increase in share prices. Data were collected using the documentation method of 34 samples of the most liquid Islamic stocks listed on the IDX. This research uses the SPSS analysis technique and uses a partial test (t-test). The tests to determine the significance of each independent variable in influencing the dependent variable with a one-way test and using moderation regression to test and analyze the effect of dividends per share on stock prices, whether to strengthen/weaken the dependent variable. The study results found that profitability and solvency, as well as dividends, have a relationship with stock prices. The relationship between ROA and share prices as moderated by dividends is negative for stock prices. The relationship between ROE and share price, which is moderated by dividends, is positive but not significant. Dividends can significantly strengthen the DER relationship to the share price. In addition, dividends were able to strengthen DAR's relationship with share prices significantly.
prefer to receive payment now than future ones because they are faced with uncertainty. Regular dividend distribution indicates the company has bright prospects in the future. Accordingly, Dividends have a significant influence on the increase in share prices. Data were collected using the documentation method of 34 samples of the most liquid Islamic stocks listed on the IDX. This research uses the SPSS analysis technique and uses a partial test (t-test). The tests to determine the significance of each independent variable in influencing the dependent variable with a one-way test and using moderation regression to test and analyze the effect of dividends per share on stock prices, whether to strengthen/weaken the dependent variable. The study results found that profitability and solvency, as well as dividends, have a relationship with stock prices. The relationship between ROA and share prices as moderated by dividends is negative for stock prices. The relationship between ROE and share price, which is moderated by dividends, is positive but not significant. Dividends can significantly strengthen the DER relationship to the share price. In addition, dividends were able to strengthen DAR's relationship with share prices significantly.
Creator
Indah Yuliana, Agus Indiyanto, Mirna Yusuf, Maretha Ika Prajawati
Source
DOI: 10.26905/jkdp.v25i4.5842
Publisher
Universitas Merdeka Malang
Date
October 2021
Contributor
Sri Wahyuni
Rights
ISSN: 2443-2687 (Online) ISSN: 1410-8089 (Print)
Format
PDF
Language
English
Type
Text
Coverage
Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Files
Collection
Citation
Indah Yuliana, Agus Indiyanto, Mirna Yusuf, Maretha Ika Prajawati , “Jurnal Keuangan dan Perbankan Universitas Merdeka Malang
Dividend as a Moderation Variable to Increase Stock Prices,” Repository Horizon University Indonesia, accessed December 21, 2024, https://repository.horizon.ac.id/items/show/4813.
Dividend as a Moderation Variable to Increase Stock Prices,” Repository Horizon University Indonesia, accessed December 21, 2024, https://repository.horizon.ac.id/items/show/4813.