Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal Journal of Economics Research and Policy Studies Jurnal Studi Manajemen Bisnis
Azlim Azlim
Universiats Abulyatama
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
Determinasi Kebijakan Dividen: Peran Stabilitas Pendapatan dan Kebijakan Utang pada Perusahaan Properti di Indonesia Azlim Azlim; Lili Pramida; Agusmadi; Marzuki
Jurnal Studi Manajemen Bisnis Vol. 6 No. 1 (2026): Jurnal Studi Manajemen Bisnis
Publisher : Universitas Muria Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24176/jsmb.v6i1.16494

Abstract

This study aims to analyze the effect of income stability and debt policy on dividend policy in property and real estate companies listed on the Indonesia Stock Exchange. The study uses a quantitative approach, using secondary data from companies' annual financial reports during the observation period. The analysis method used is multiple linear regression, with classical assumption testing for normality, multicollinearity, and heteroscedasticity to ensure the validity of the regression model. The results show that income stability has a positive and significant effect on dividend policy, indicating that companies with more stable income tend to have greater ability and confidence in distributing dividends to shareholders. Conversely, debt policy has a negative, significant effect on dividend policy, meaning that the higher the debt level, the lower the tendency for companies to distribute dividends due to increased financial obligations. Simultaneously, income stability and debt policy have a significant effect on dividend policy. The findings of this study have implications for corporate management in formulating optimal dividend policies that take into account income stability and funding structure. In addition, the results of this study can be considered by investors when making investment decisions.
Kinerja pasar saham ASEAN: Peran makroekonomi dan kualitas institusi Azlim Azlim; Rizal Ansari; Cut Delsie Hasrina; Yuni Ayu Safitri; Isthafan Najmi
Journal of Economics Research and Policy Studies Vol. 6 No. 2 (2026): Journal of Economics Research and Policy Studies
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/jerps.v6i2.3391

Abstract

This study analyzes the effects of economic growth, monetary policy, and exchange rates on stock market performance and examines the moderating role of institutional quality in ASEAN countries. This study uses panel data and applies the Panel Autoregressive Distributed Lag (Panel ARDL) approach to identify short-run and long-run relationships. The results show that in both the short and long term, economic growth and the exchange rate have a positive and significant effect on stock market performance. In contrast, monetary policy has a negative and significant effect, with a stronger impact in the long term. Institutional quality significantly moderates these relationships. However, the direction varies across time periods: in the short run, institutional quality amplifies the positive effects of economic growth and the exchange rate while also amplifying the negative effect of monetary policy; in the long run, institutional quality actually weakens the effects of economic growth and monetary policy but continues to amplify the effect of the exchange rate. This study provides policy recommendations to strengthen institutional governance and macroeconomic stability in the ASEAN countries covered in this study to support sustainable stock market growth.
Co-Authors Agusmadi Cut Delsie Hasrina Isthafan Najmi Lili Pramida Marzuki Rizal Ansari Yuni Ayu Safitri