Open AccessPENGARUH KEBIJAKAN DIVIDEN, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP VOLATILITAS HARGA SAHAM
Author(s) -
Ni Luh Putu Sintya Marini,
Sayu Ketut Sutrisna Dewi
Publication year - 2019
Publication title -
e-jurnal manajemen
Language(s) - English
Resource type - Journals
ISSN - 2302-8912
DOI - 10.24843/ejmunud.2019.v08.i10.p01
Subject(s) - dividend policy , dividend payout ratio , volatility (finance) , stock exchange , business , leverage (statistics) , monetary economics , dividend yield , financial economics , stock price , dividend , stock (firearms) , economics , econometrics , finance , mathematics , mechanical engineering , paleontology , statistics , series (stratigraphy) , engineering , biology
Stock price volatility reflects the fluctuations on stock price movements and the level of risk faced by investors. This research examines the impact of dividend policy, leverage, and firm size on stock price volatility. The research variables were measured by dividend payout ratio, debt to equity ratio, and natural logarithm of total assets. This research was conducted on 19 samples of property, real estate, and construction sector companies listed in Indonesia Stock Exchange (IDX) that distributed consecutive dividends during 2013-2017. Multiple linear regression used as the analysis technique. The analysis result shows that simultaneously dividend policy, leverage, and firm size influence stock price volatility. Partially dividend policy and firm size has negative impact on stock price volatility while leverage has positive impact on stock price volatility.
Keywords : dividend, leverage, firm size, volatility