scholarly journals PENGARUH KEBIJAKAN DIVIDEN TERHADAP VOLATILITAS HARGA SAHAM DENGAN INFLASI SEBAGAI VARIABEL MODERASI

2020 ◽  
Vol 2 (2) ◽  
pp. 85-94
Author(s):  
Patricia Maurin Aten ◽  
Dade Nurdiniah
Keyword(s):  
Stock Price ◽  
Sampling Method ◽  
Stock Exchange ◽  
Price Volatility ◽  
Financial Statements ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Dividend Payout

This study aims to analyze the effect of dividend payout ratio and dividend yield on stock price volatility with inflation as a moderating variable in manufacturing companies listed on the Indonesia Stock Exchange for the period 2013-2017. Documentary data (secondary) from financial statements and annual reports are used in this study. The population of this study includes manufacturing companies listed on the Stock Exchange from 2013-2017 and IPOs at least from 2013. The sampling method used in this study was purposive sampling, of which 44 companies were included in the criteria of this study. The analytical method carried out in this study is multiple regression. The results show that the variable that has a significant influence on stock price volatility is only the dividend payout ratio. The more dynamic the dividend payout ratio, the higher the stock price volatility, and vice versa. Research also shows the results that the inflation variable does not moderate the effect of dividend payout ratio and dividend yield on stock price volatility. Keywords: dividend payout ratio, dividend yield, stock price volatility, inflation

scholarly journals A systematic review of dividend policy in relation to stock price volatility

2021 ◽  
Vol 6 (1) ◽  
pp. 92-104
Author(s):  
Sheena Bhatta ◽  
Bal Ram Duwal
Keyword(s):  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Negative Relationship ◽  
Price Volatility ◽  
Manufacturing Companies ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Dividend Payout ◽  
The Impact

When it comes to determining a dividend policy that would maximize shareholder value, focusing merely on how much of the firm’s profit is necessary for dividend distribution and reinvestment is insufficient. It is critical to analyze the impact of their dividend choice on the stock price.The purpose of this study is to scrutinize the impact of dividend policy on stock price volatility. The report investigated the relationship between the dividend policy and stock price volatility taking 8 articles between 2010 to 2020. Likewise, following a systematic literature review method, the study critically analyzed the selected articles based on their strengths and weaknesses. The findings suggest that, in most of the cases demonstrated by authors, dividend policy has a significant negative relationship with the stock price volatility. The stock’s price volatility often decreases after the declaration of dividend payout ratio and dividend yield. Based on the results of this study, it can be implied that, managers of manufacturing companies and banks, those listed in the stock exchange, may be able to reduce the price volatility of their stock by increasing dividend payout and dividend yield. Since the study is limited to 4 databases, further studies could include some more articles from top-rated databases that signify dividend policy in diverse sectors to derive even more accurate results.

scholarly journals Influence of dividend policy on sharia stock price volatility

2020 ◽  
Vol 9 (7) ◽  
pp. 84-92
Author(s):  
Irton Irton
Keyword(s):  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Price Volatility ◽  
Secondary Data ◽  
Stock Index ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Dividend Payout

The main object of this research is to examine whether dividend policy in the form of dividend payout ratio and dividend yield influences the volatility of sharia stock price in the Indonesian Stock Exchange. This research uses the quantitative method by using the secondary data collected from the published Indonesian Stock Exchange. The sample in this research is 106 companies registered in the Indonesian Sharia Stock Index (ISSI) in 2016-2018. The dependent variable in this research is stock price volatility while the independent variables are dividend payout ratio, dividend yield, and data of earnings volatility, debt, and size that are collected and processed from the company financial report. Multiplied regression analysis is used for correlation test and hypothesis test using the SPSS software program version 15.0. The result of the research shows a shred of evidence that dividend per share and dividend payout ratio have no influence on the stock price volatility. The result of research can help the investors to select the sharia shares, and for companies, this research is useful to determine the dividend policy

scholarly journals Pengaruh Dividend Yield dan Earning Volatility terhadap Volativitas Harga Saham di Bursa Efek Jakarta

2012 ◽  
Vol 3 (2) ◽  
pp. 665
Author(s):  
Rani Ramdhani
Keyword(s):  
Stock Price ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Price Volatility ◽  
Capital Gain ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Earnings Volatility ◽  
Information Signal ◽  
The Future

Some investors prefer dividend yield than capital gain, information signal follows to dividend policy that describes the earnings volatility in the future, which affects the stock price volatility on the Jakarta Stock Exchange.

scholarly journals Pengaruh Volume Perdagangan Saham, Volatilitas Laba, Dividend Yield, dan Ukuran Perusahaan Pada Volatilitas Harga Saham

2018 ◽  
pp. 2148
Author(s):  
Ni Wayan Sekar Andiani ◽  
Gayatri Gayatri
Keyword(s):  
Firm Size ◽  
Stock Prices ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Dividend Yield ◽  
Stock Trading ◽  
Stock Price Volatility

This study aims to obtain empirical evidence on the effect of stock trading volume, earning volatility, dividend yield, and firm size on stock price volatility. This research was conducted on companies listed in index LQ 45 in Indonesia Stock Exchange 2012 until 2016. This research took the population of 45 companies with the number of samples of 21 companies selected through purposive sampling, so the number of samples observation for 5 years to 105 companies. The analysis technique in this research is multiple linear regression analysis. Based on the analysis results found that the stock trading volume does not affect the stock price volatility. Earning volatility has a negative effect on stock price volatility. This shows the higher volatility of profits owned by the company tends to reduce the interest of investors to invest or can reduce the volatility of stock prices. Dividend yield has a positive effect on stock price volatility. Which means that the higher dividend rate can affect the high investor interest to invest in the capital market, causing a stock price reaction. The firm size has a negative affects on stock price volatility. This proves the greater the size of the company indicates a stable corporate condition and able to reduce the volatility of stock prices. Keywords: Stock Trading Volume, Earning Volatility, Dividend Yield, Firm Size, Stock Price Volatility.

scholarly journals Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia

2018 ◽  
Vol 7 (4) ◽  
pp. 506-515
Author(s):  
Vega Rut Harlina ◽  
Moh. Khoiruddin
Keyword(s):  
Exchange Rates ◽  
Interest Rates ◽  
Analytical Method ◽  
Stock Price ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Price Volatility ◽  
Economic Variable ◽  
Stock Price Volatility

This research aims to examine the effect of dividend policy, micro variables, and macroeconomic on stock price volatility. The population in this research are companies in the financial sector listed at Indonesia Stock Exchange and Malaysia Stock Exchange in 2016-2017. A number of samples that used is 58 companies for Indonesia and 28 companies for Malaysia with purposive sampling method. Dividend policy is proxied by EPS, the micro variable is proxied by GA and EV, and the macro variable is proxied by exchange rates and interest rates. The analytical method used is CEM and REM with programs Eviews 9. This research concludes that in Indonesia EPS, exchange rates and interest rates have an effect on SPV. While in Malaysia, only EPS and exchange rates have an effect on SPV.

scholarly journals Analisis Leverage, Firm Size, Deviden Payout terhadap Stock Price Volatility Pada Perusahaan LQ45 di BEI Tahun 2015-2019

2021 ◽  
Vol 12 (1) ◽  
pp. 113
Author(s):  
Arna Suryani
Keyword(s):  
Firm Size ◽  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Company Size ◽  
Analysis Tool ◽  
Positive Contribution ◽  
Stock Price Volatility ◽  
Dividend Payout

This study examines and analyzes the effect of Leverage, Firm Size, Dividend Payout on Stock Price Volatility. This research was conducted on companies listed in the LQ45 index on the Indonesia Stock Exchange in 2015-2019. The sample was selected based on purposive sampling so that 27 sample companies were selected. Multiple linear regression analysis tool with classical assumption test and hypothesis testing. The results based on the analysis show that Leverage has a positive effect on Stock Price Volatility, while Company Size, Dividend Payout has a negative effect on Stock Price Volatility. This research can prove that the actions taken from the company's management can be seen from how the company should position the company's assets and liabilities as well as the distribution of dividends. This research is expected to make a positive contribution to all parties, especially investors in investing in the capital market while still paying attention to the level of leverage, company size and dividend payout ratio of the company to be invested.

scholarly journals Pengaruh Asset Growth, Leverage, dan Dividend Payout Ratio pada Volatilitas Harga Saham

2020 ◽  
Vol 30 (5) ◽  
pp. 1270
Author(s):  
I Kadek Rama Artikanaya ◽  
Gayatri Gayatri
Keyword(s):  
Stock Price ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Price Volatility ◽  
Sampling Technique ◽  
Multiple Linear Regression Analysis ◽  
Stock Price Volatility ◽  
Dividend Payout ◽  
Negative Effect ◽  
Asset Growth

This study aims to obtain empirical evidence about the effect of asset growth, leverage, and dividend payout ratio on stock price volatility. This research was conducted on companies listed in the LQ 45 index on the Indonesia Stock Exchange in 2014 - 2018. The number of samples used was 13 companies using the nonprobability sampling method with a purposive sampling technique, so the number of samples for 5 years became 65 samples. The data analysis technique used is multiple linear regression analysis. Based on the results of the analysis found that asset growth has a negative effect on stock price volatility. Leverage has a positive effect on stock price volatility. Dividend payout ratio has a negative effect on stock price volatility. Keywords: Asset Growth; Leverage; Dividend; Volatility.

scholarly journals EFFECT OF KAP SUBSTITUTION AND ANNUAL REPORT DISCLOSURE ON MARKET REACTIONS

2019 ◽  
Vol 2 (2) ◽  
pp. 149
Author(s):  
Nita Nurul Fajar ◽  
Listiya Ike Purnomo
Keyword(s):  
Sampling Method ◽  
Annual Report ◽  
Market Reaction ◽  
Stock Exchange ◽  
Financial Statements ◽  
Total Sample ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Market Reactions ◽  
Analysis Techniques

The purpose of this study is to find out how much the market reaction is influenced  by the substitution of KAP and disclosure of annual reports in a given period. Abnormal Return is used as a measurement for market reactions while the variables used in this study are Substitution of KAP and mandatory disclosures used to measure disclosure of annual reports. The data use form of audited financial statements by an independent auditor obtained from the official IDX website www.IDX.com using a purposive sampling method based on certain criteria. Samples in this study were 16 manufacturing companies listed on the Indonesia Stock Exchange in 2012-2016. So that the total sample obtained is 80 company data. Hypothesis testing is done by using multiple linear regression data analysis techniques. Data is collected, then processed and analyzed using the SPSS 22.0 for Windows application program. The results of this study are Substitution of KAP had a significant effect while the disclosure of the annual report had no effect, but the two variables simultaneously had an effect on the market reaction. 

scholarly journals Pengaruh Devidend Payout Ratio, Devidend Yield, Ukuran Perusahaan, Volume Perdagangan, Nilai Tukar, Inflasi, dan Tingkat Suku Bunga Terhadap Volatilitas Harga Saham Pada Perusahaan Manufaktur Yang Tercatat Di Bursa Efek Indonesia Tahun 2012-2016

2019 ◽  
Vol 2 (1) ◽  
pp. 73-82
Author(s):  
Syarifah Nur Azura ◽  
Myrna Sofia ◽  
Nurhasanah Nurhasanah ◽  
Firmansyah Kusasi
Keyword(s):  
Exchange Rate ◽  
Interest Rate ◽  
Stock Price ◽  
Trading Volume ◽  
Stock Exchange ◽  
Price Volatility ◽  
Sampling Technique ◽  
Company Size ◽  
Manufacturing Companies ◽  
Stock Price Volatility

The aims of this study is to look at the effect of Devidend Payout Ratio, Devidend Yield, Company Size, Trading Volume, Exchange Rate, Inflation, Interest Rate Against Stock Price Volatility. With a purposive sampling technique, this study took 7 companies as samples of 153 manufacturing companies listed on the Indonesia Stock Exchange in 2012-2016. Data analysis was performed using Multiple Regression. The results of the study show that the Devidend Payout Ratio has an effect on Stock Price Volatility, while the Devidend Yield, Company Size, Trading Volume, Exchange Rate, Inflation and Interest Rate do not affect the Stock Price Volatility. While simultaneously all the independent variables tested showed a significant effect on Stock Price Volatility in Manufacturing companies listed on the Indonesia Stock Exchange in 2012-2016.

scholarly journals The Effect of IFRS Application, Stock Price Volatility, and Fundamental Variables on Jakarta Islamic Index

2021 ◽  
Vol 10 (1) ◽  
pp. 1-14
Author(s):  
Dellia Nurleli ◽  
Masodah Wibisono
Keyword(s):  
Stock Returns ◽  
Ownership Structure ◽  
Stock Prices ◽  
Stock Price ◽  
Management Practices ◽  
Stock Exchange ◽  
Price Volatility ◽  
Dividend Yield ◽  
Stock Price Volatility ◽  
Test Models

The movement of the Islamic capital market in recent years is still far from its true potential. Therefore, various researches on Islamic economics are needed to further encourage existing developments. The purpose of this study was to examine the effect of IFRS implementation, Stock Price Volatility, Book to Market, Dividend Yield, and Ownership Structure on Stock Returns. The population of this study is companies registered in the Jakarta Islamic Index (JII) in 2015 - 2018. The sampling method used was purposive sampling and obtained a sample of 14 companies. The data used are the company's annual financial statements that have been audited and published on the Indonesia Stock Exchange website and related company websites, as well as stock trading data obtained through the Yahoo Finance website. The data is processed and analyzed by using multiple linear regression statistical test models and SPSS Version 23 as a tool. The results of this study indicate that partially the Volatility of Stock Prices, Book to Market and Dividend Yield has a significant effect on Stock Returns, while the application of IFRS and Ownership Structure does not affect earnings management practices. Meanwhile, jointly applying IFRS, Stock Price Volatility, Book to Market, Dividend Yield, and Ownership Structure has a significant effect on Stock Returns. This journal discusses the relationship of financial factors to Islamic stocks, where these factors include IFRS, Volatility, and other fundamental variables.

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