FACTORS AFFECTING STOCK RETURN OF COMPANIES ENTERED IN IDX HIGH DIVIDEND 20
DOI:
https://doi.org/10.30741/ijamr.v2i1.685Keywords:
Dividend Policy, Liquidity, Profitability, and Stock ReturnAbstract
This study aims to examine and analyze the effect of Dividend Policy using the Dividend Payout Ratio proxy, Liquidity using the Current Ratio proxy, and Profitability using the Return On Equity proxy. This research was conducted on companies that are included in IDX High Dividend 20 for the 2015-2017 period. Sampling used in this research is using purposive sampling technique that gets 20 companies as research samples and uses multiple linear regression analysis for data processing. The type of data used is secondary data in the form of financial reports, and the data sources are internal data and external data. The results in this study state that partially dividend policy has a significant effect on stock returns, Likewise, liquidity does not have a significant effect on stock returns, and profitability also does not have a positive and significant effect on stock returns. The limitation of this study is that it only uses dividend policy, liquidity, and profitability variables to determine the impact on stock returns. While other variables that can affect stock returns are not examined and are expected to be continued by other researchers.
References
Budialim, G. (2013). Engaruh Kinerja Keuangan Dan Risiko Terhadap Return Saham Perusahaan Sektor Consumer Goods Di Bursa Efek Indonesia Periode 2007-2011. Jurnal Ilmiah Mahasiswa Universitas Surabaya, 2(1), 1–23.
Dwi Putra, I., & Dana, I. (2016). Pengaruh Profitabilitas, Leverage, Likuiditas Dan Ukuran Perusahaan Terhadap Return Saham Perusahaan Farmasi Di Bei. E-Jurnal Manajemen Universitas Udayana, 5(11), 6825–6850.
Erari, A. (2014). Analisis Pengaruh Current Ratio, Debt To Equity Ratio, dan Return On Asset Terhadap Return Saham Pada Perusahaan Pertambangan di Bursa Efek Indonesia. Jurnal Manajemen Bisnis Universitas Muhammadiyah Yogyakarta, 5(2), 174–191.
Fahmi, I. (2012). Pengantar Manajemen Keuangan. Bandung : ALFABETA.
Fahmi, I. (2014). Manajemen Keuangan Perusahaan dan Pasar Modal. In Manajemen Keuangan Perusahaan dan Pasar Modal (Edisi Pert). Jakarta : Mitra Wacana Media.
Fitri, R. (2017). Pengaruh Kebijakan Dividen, Leverage Perusahaan, dan Profitabilitas Terhadap Return Saham (Studi pada Perusahaan Sub Sektor Makanan dan Minuman yang Terdaftar di BEI). Jibeka, 11(2), 32–37.
Fitriana, D., Andini, R., & Oemar, A. (2016). Pengaruh Likuiditas, Solvabilitas,Profitabilitas, Aktivitas Dan Kebijakan Dividen Terhadap Return Saham Perusahaan Pertambangan Yang Terdaftar Pada Bei Periode 2007-2013 Dewi. Journal of Accounting, 2(2).
Ginting, S., Margin, N. P., Profit, N., & Margin, P. (2013). Analisis Faktor-Faktor Yang Mempengaruhi. E-Jurnal Akuntansi, 3(April), 31–39.
Musthafa. (2017). Manajemen Keuangan. Yogyakarta: CV.Andi Offset.
Nirayanti, L., & Widhiyani, N. (2014). Pengaruh Kebijakan Dividen, Debt To Equity Ratio, Dan Price Earning Ratio Pada Return Saham Perusahaan Lq 45 Periode 2011-2013. E-Jurnal Akuntansi, 9(3), 803–815.
Prakoso, R. (2016). Analisis Faktor-Faktor Yang Mempengaruhi Return Saham (Studi Empiris pada Perusahaan Manufaktur yang Go Public di Bursa Efek Indonesia Tahun 2011-2014). Jurnal Bisnis Indonesia, 05(April 2016), 5–20.
Raningsih, N., & Dwiana Putra, I. (2015). Pengaruh Rasio-Rasio Keuangan Dan Ukuran Perusahaan Pada Return Saham. E-Jurnal Akuntansi, 13(2), 582–598.
Sari, R. N. (2017). Pengaruh Profitabilitas dan Kebijakan Dividen Terhadap Return Saham Perusahaan Manufaktur Dengan Nilai Perusahaan Sebagai Variabel Intervening Periode 2010-2014. Jurnal Pendidikan Dan Ekonomi, 6(1), 88–95.
Suhandi, N. P. M. (2014). Pengaruh Kebijakan Dividen, Leverage Keuangan Dan Profitabilitas Terhadap Return Saham Perusahaan Manufaktur Yang Terdaftar Di Bei Periode 2009-2013. E-Jurnal Akuntansi, V(02), 177–190.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2021 Fachrizal Yusuf Apriansyah, Ninik Lukiana, Hesti Budiwati
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
