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Journal : Jurnal Paradigma Akuntansi

FAKTOR-FAKTOR YANG MEMENGARUHI DIVIDEND POLICY DENGAN PROFITABILTIY SEBAGAI VARIABEL MODERASI Angelia, Angelia; Widyasari, Widyasari
Jurnal Paradigma Akuntansi Vol. 7 No. 2 (2025): April 2025
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v7i2.33695

Abstract

The purpose of this research is to find empirical evidence regarding the effect of leverage, liquidity, and institutional ownership on dividend policy with profitability as moderating variable. Purposive sampling method used in this research to find the total of 54 samples of consumer cyclical and non-cyclical companies registered in Indonesia Stock Exchange from 2019-2021. Data processing techniques used in this research are multiple regression analysis and moderatated regression analysis with the help of EViews 10 application. The results obtained through the data processing that leverage has positive and significant effect on dividend policy. While, liquidity, institutional ownership, and profitability have negative and insignificant effects on dividend policy. Profitability cannot moderate the effect of leverage and liquidity on dividend policy. On the other hand, profitability can moderate by strengthening the effect of institutional ownership on dividend policy. The implication of this study is the need to increase company’s leverage so that the company will give positive signal to the shareholders by paying higher amounts of dividends.
FAKTOR-FAKTOR YANG MEMPENGARUHI RETURN SAHAM PADA PERUSAHAAN MANUFAKTUR Angelia, Angelia; Santioso, Linda
Jurnal Paradigma Akuntansi Vol. 5 No. 4 (2023): Oktober 2023
Publisher : Fakultas Ekonomi, Universitas Tarumanagara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24912/jpa.v5i4.26640

Abstract

This study aims to determine whether there is an impact return on assets, debt to equity ratio, total assets turnover, exchange rate on stock return. This study uses population of manufacturing companies listed on the IDX in 2017-2019 period and uses purposive sampling in sample seletion, then processed with the SPSS (Statistical Package for the Social Sciences) versi 25.0 for windows. The selected samples are 175 data samples and 70 companies. The results show that return on assets have a positive and significant effect on stock return. Debt to equity ratio and total assets turnover also has a positive effect, but no significantly on stock return, meanwhile, exchange rate have a negative, but significantly on stock return.