scholarly journals Dividend policy and stock return of the non-financial companies: empirical evidence from Colombo Stock Exchange

2020 ◽  
Vol 15 (1) ◽  
pp. 61
Author(s):  
Zaha Zahir ◽  
Nadarajah Rajeshwaran
Keyword(s):  
Empirical Evidence ◽  
Stock Return ◽  
Dividend Policy ◽  
Stock Exchange

scholarly journals Pengaruh Profitabilitas pada Kebijakan Dividen dengan Investment Opportunity Set sebagai Variabel Pemediasi

2020 ◽  
Vol 30 (1) ◽  
pp. 212
Author(s):  
Ida Ayu Nabila Meidyna ◽  
Made Mertha
Keyword(s):  
Data Analysis ◽  
Path Analysis ◽  
Empirical Evidence ◽  
Sampling Method ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Investment Opportunity ◽  
Purposive Sampling ◽  
Analysis Technique ◽  
Investment Opportunity Set

The amount of dividends distributed to shareholders depends on the company's dividend policy. This study aims to obtain empirical evidence about the effect of profitability on dividend policy with an investment opportunity set as a mediating variable. This research was conducted at companies classified as LQ45 index on the Indonesia Stock Exchange. The sampling method used was purposive sampling to obtain 87 observations. Data analysis technique used is path analysis. Based on research results, it is known that profitability has a positive and significant effect on investment opportunity set. Profitability has a positive and significant effect on dividend policy. Investment opportunity set has a negative and significant effect on dividend policy. Investment opportunity set is able to mediate the effect of profitability on dividend policy.

scholarly journals Empirical Evidence from the Indonesian Stock Exchange: The Impact of Dividend Policy Decisions on Sharia Share Prices

2021 ◽  
Vol 2 (4) ◽  
pp. 262-267
Author(s):  
Abdul Kadir MS ◽  
Burhannudin Burhannudin ◽  
Khuzaini Khuzaini ◽  
Bustani Bustani
Keyword(s):  
Empirical Evidence ◽  
Financial Management ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Secondary Data ◽  
Business Success ◽  
Policy Decisions ◽  
Share Prices ◽  
Theoretical Contribution ◽  
The Impact

This paper aims to obtain empirical evidence of the impact of dividend policy decisions on sharia share prices. An exploratory investigation on 26 selected firms listed on the Indonesia Stock Exchange's Jakarta Islamic Index with the criteria of reporting complete financial statements for the 2014-2018 period. The secondary data were examined with 130 data and then processed using SPSS 23 packages, which were then included in the analysis using standard regression. The investigation's findings provide empirical evidence that dividend policy decisions have a significant effect on sharia share prices. This study provides a theoretical contribution to a limited study that explores dividend policy with Islamic share prices in the context of the stock exchange. In practice, this research provides significant insight regarding the dividend policy that the company decides to increase the effectiveness of financial management in the context of a company that is considered to have sharia shares on the stock exchange, considering that the company's business success can increase the economic growth of a country.

scholarly journals Faktor-Faktor Yang Mempengaruhi Kebijakan Dividen

2020 ◽  
Vol 5 (2) ◽  
pp. 110
Author(s):  
Fajar Rina Sejati ◽  
Sahrul Ponto ◽  
Septyana Prasetianingrum ◽  
Sumartono Sumartono ◽  
Nona Naomi Sumbari
Keyword(s):  
Empirical Evidence ◽  
Cash Flow ◽  
Consumer Goods ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Free Cash Flow ◽  
Return On Assets ◽  
Industry Sector ◽  
Company Growth ◽  
Debt Policy

The purpose of this study was to examine the effect of Free Cash Flow, Debt Policy, Return On Assets, Company Growth on Dividend Policy. The sample of this study was using 10 companies in the Consumer Goods Industry Sector on the Indonesia Stock Exchange (IDX) in 2015-2018 met all the criteria. Empirical evidence suggests that Free Cash Flow has a Significant Effect on Dividend Policy. Debt Policy Has Negative and Significant Impact on Dividend Policy. Whereas Return On Assets and Company Growth Have No Significant Effect on Dividend Policy.

scholarly journals Dinamika Abnormal Return Saham pada Perusahaan Terdaftar di BEI

2018 ◽  
Vol 1 (1) ◽  
pp. 77
Author(s):  
Ganisya Kirana
Keyword(s):  
Positive Affect ◽  
Stock Returns ◽  
Empirical Evidence ◽  
Multiple Regression ◽  
Abnormal Return ◽  
Stock Return ◽  
Stock Exchange ◽  
Independent Variables ◽  
Regression Test ◽  
Abnormal Stock Returns

AbstrakThe purpose of this research was to get empirical evidence about the effect of the issuance of islamic bonds (sukuk) and conventional bonds on the abnormal stock returns. The independent variables used are islamic bonds (sukuk) and conventional bonds. The dependent variable used in this study is the abnormal stock return in observations from 2008-2016.The population in this study are all issue islamic bonds (sukuk) and conventional bonds on the Indonesia stock exchange, those are 13 companies with criterias issuing islamic bond (sukuk) and conventional bonds, this obtained 30 samples used in this study. And the samples are the compaines listed during the period 2008-2014. The sampling is done by purposive sampling.The result showed based on multiple regression test for islmaic bonds (sukuk) and conventional bonds that positive affect the abnormal stock return  Keywords: Islamic bonds (sukuk) conventional bonds, and abnormal stock returns.

scholarly journals The moderating effect of shareholder features on dividend disbursement: evidence from Indonesia

2018 ◽  
Vol 15 (3) ◽  
pp. 343-350 ◽  
Author(s):  
Novi Swandari Budiarso ◽  
Winston Pontoh
Keyword(s):  
Empirical Evidence ◽  
Dividend Policy ◽  
Stock Exchange ◽  
State Ownership ◽  
Moderating Effect ◽  
Single Individual ◽  
Public Ownership ◽  
Listed Firms ◽  
Ownership Structures ◽  
Basic Features

The objective of this study is to give an empirical evidence of relationship between features of ownership structures and dividend disbursement in context of bird in the hand and catering theories. The study uses 241 listed firms as the sample, which were drawn from Indonesia Stock Exchange during the period from 2010 to 2015. Under condition that dividend policy is not moderated by ownership features, dividend policy for firms with multi-institutional, single institutional, and state are fit in context of bird in the hand theory and catering theory. Under condition that dividend policy is moderated by ownership features, this study finds that dividend policy for firms with state ownership is not fit both in context of bird in the hand theory and catering theory. Specifically, the study finds that firms with features of: (1) multi-institutional, single individual, and public; (2) multi-institutional, multi-individual, and public; and (3) single institutional, and public are fit with bird in the hand theory. Furthermore, this study finds that catering theory is not fit for firms with basic features of multi-institutional and state ownership, but it is fit for firms with features of single institutional, single individual, and public ownership.

scholarly journals Dividend Policy, Economic Value Added, Market β, Firm Size and Stock Return

2020 ◽  
Vol 9 (3) ◽  
pp. 53
Author(s):  
Dwi Asih Surjandari ◽  
Lela Nurlaela Wati
Keyword(s):  
Firm Size ◽  
Stock Return ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Economic Value ◽  
Value Added ◽  
Secondary Data ◽  
Economic Value Added ◽  
Negative Effects ◽  
Blue Chip

This study aims to analyze the Effect of Dividend Policy, Economic Value Added (EVA), Market β and Firm Size on Stock Return and the existence of Firm Size in moderating these effects of blue-chip stock category listed in Indonesia Stock Exchange (IDX) during 2015 up to 2019 period. This study is a confirmatory research involving secondary data collected from annual report available at IDX website. The sample used is purposive sampling and research object is Dividend Policy, EVA, Market β and Firm Size as independent variables and Stock Return as dependent variable, and Firm Size as moderates variable. The analysis is performed using E-views 11.0 version. The result shows that Dividend Policy has significant negative effects while EVA and Market β has no effect on Stock Return. In addition, Firm Size moderates the relation between Dividend Policy and Stock Return, while having no moderating effect to the relation between EVA, Market β and Stock Return. The findings of this research imply that, for high stock performance like blue-chip stock, Dividend Policy affects the Stock Return and Firm Size moderates this effect.

scholarly journals PENGARUH KEBIJAKAN DIVIDEN DALAM MEMEDIASI RETURN ON ASSET DAN FIRM SIZE TERHADAP RETURN SAHAM (Studi Pada Perusahaan Yang Tergabung Dalam LQ45 di Bursa Efek Indonesia (BEI) Tahun 2011 – 2014)

2017 ◽  
Vol 17 (02) ◽  
Author(s):  
Riawan Riawan
Keyword(s):  
Stock Returns ◽  
Firm Size ◽  
Capital Market ◽  
Stock Return ◽  
Dividend Policy ◽  
Stock Exchange ◽  
Hypothesis Test ◽  
Sampling Technique ◽  
Financial Statements ◽  
Significance Level

This study was conducted to examine the influence of fundamental factors of ROA and firm size on dividend policy. And furthermore the influence of profitability, liquidity and dividend policy to return stock in companies incorporated in the LQ45 listed on the Indonesia Stock Exchange for the period 2011-2014. The sampling technique used in this research is purposive sampling with criteria : (1) It is listed in Indonesia Stock Exchange 2011-2014. (2) It is always seem annual financial statements for the period 2011-2014. (3) It is always pay dividends. The data required in this study were drawn from the Indonesian Capital Market Directory (ICMD) from 2011 to 2014 consisting of 16 companies. Multiple regression analysis of the data. Hypothesis test used the t-statistic at the 5% significance level. The results showed ROA, firm size and dividend policy  have a significant effect on stock returns.  These  results  indicate  that  the  performance  of  the  fundamental factors of profitability, firm size and dividend policy on stock returns are used by investors to predict stock returns companies incorporated in the LQ45 listed in Indonesia Stock Exchange in 2011-2014. Key Words: Stock Return, dividend policy, ROA, firm size

scholarly journals A Re-examination of the Holiday Effect in Stock Returns: The Case of Vietnam

2020 ◽  
pp. 51-54
Author(s):  
Khanh Pham Dan ◽  
Thanh Dat Pham ◽  
Nhuong Bui Huy
Keyword(s):  
Stock Returns ◽  
Empirical Evidence ◽  
Stock Return ◽  
Stock Exchange ◽  
Holiday Effect ◽  
Year Effect

This paper provides empirical evidence of the holiday effect in stock return and the implications of the holiday effect. The research finds that there are existing the high stock return before the Lunar new year on the Ho Chi Minh Stock Exchange during the period 2002-2018. This paper using the GARCH, Modified-GARCH, GARCH-M, and EGARCH models to test the holiday effect on stock return. The results indicate that there is evidence of holiday such as Chinese New Year in Vietnam which is called Lunar new year effect on stock return. Specifically, the stock return before the Lunar new year is usually higher than after the Lunar new year on the Ho Chi Minh Stock Exchange.

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