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Faktor-faktor yang memengaruhi return saham dengan kebijakan dividen sebagai variabel moderasi pada perusahaan sektor energi yang terdaftar di BEI tahun 2018-2022 Sari, Ira Puspita; Astuti, Diana Dwi; Ilmi, Mainatul
Kurva: Jurnal Ekonomi Manajemen Keuangan dan Bisnis Vol. 1 No. 1 (2024): Kurva: Jurnal Ekonomi Manajemen Keuangan dan Bisnis
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/kurva.v1i1.1068

Abstract

This study aims to analyze the effect of profitability, leverage, and company size on stock returns and the role of dividend policy as a moderating variable in energy sector companies listed on the Indonesia Stock Exchange for 2018-2022. The sampling technique in this study used a purposive sampling technique, which resulted in 15 companies as research samples from a total population of 84 companies. The data analysis method used is the moderation regression analysis. The results showed that profitability has a significant effect on stock returns. Leverage has no significant effect on stock returns. Company size has no significant effect on stock returns. Dividend policy can act as a moderating variable for the effect of profitability on stock returns. Dividend policy cannot act as a moderating variable for the effect of leverage on stock returns. Dividend policy can act as a moderating variable for the effect of company size on stock returns.