Asifa Al Fauzan
Pamulang University

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The Effect of Dividend Policy, Total Assets Turnover and Net Profit on Stock Prices in the Energy and Mining Sector Asifa Al Fauzan; Siti Nur'aidawati
Escalate : Economics and Business Journal Vol. 4 No. 4 (2026): Escalate : Economics and Business Journal
Publisher : Takaza Innovatix Labs Ltd.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61536/escalate.v4i4.749

Abstract

The energy and mining sectors are highly susceptible to commodity price volatility and global economic conditions, making it important to understand stock price movements from a fundamental perspective. This study aims to analyze the effect of dividend policy, Total Asset Turnover (TATO), and net profit on stock prices. The study used an associative quantitative approach with secondary data from 109 energy and mining companies listed on the Indonesia Stock Exchange. The sample was selected using purposive sampling, resulting in six companies with 30 observations during 2021–2025. Data were obtained from financial reports and stock price documentation, then analyzed using panel data regression with EViews 13. The results showed that dividend policy had a negative but insignificant effect, TATO had a positive but insignificant effect, while net profit had a positive and significant effect on stock prices. Simultaneously, all three variables had a significant effect with an Adjusted R-squared of 94.04%. In conclusion, net profit is the most dominant fundamental factor related to stock price movements