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All Journal Infestasi Scientific Journal of Reflection : Economic, Accounting, Management and Business JURNAL ILMIAH AKUNTANSI UNIVERSITAS PAMULANG Journal of Artificial Intelligence and Digital Business JAKBS
Sutandijo Sutandijo
Universitas pamulang
Computer Science & IT Economics, Econometrics & Finance Electrical & Electronics Engineering Engineering

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KEBIJAKAN DIVIDEN DAN VOLATILITAS HARGA SAHAM DI BURSA EFEK INDONESIA Sutandijo Sutandijo
Jurnal Ilmiah Akuntansi Universitas Pamulang Vol 7, No 1 (2019): Jurnal Ilmiah Akuntansi Universitas Pamulang
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1357.614 KB) | DOI: 10.32493/jiaup.v7i1.2279

Abstract

This study objective is to explore the impact of dividend policy (that are dividend payout ratio and dividend yield) on the investment risks reflected by the stock price volatility for the Indonesia capital market (IDX). Following to the study of Baskin (1989), the multiple least squares regression model is used in this paper. Also, following Baskin (1989), other four independent variables namely firm size, asset growth, leverage and earnings volatility added to the model. The sample of data is comprised of 64 public firms in the Kompas100 Index for 5 consecutive years from 2012 to 2016 of which are listed on the Indonesia Stock Exchange (IDX). The results indicate that the dividend yield and the dividend payout ratio do not have significant influence to the stock price volatility In addition, firm size is negatively related to the stock price volatility and it has a statistically significant relationship. The result also indicate earnings volatility positively has influence to the stock price volatility. But, as for leverage and asset growth the results are not statistically significant. As for a conclusion, the dividend policy of the firms listed in Indonesia Stock Exchange (IDX) is not effective to influence the stocks’ risks or affect investors’ investment decisions. It seems that that firms needs a more stable and consistent dividend policy to effectively influence the stock price volatility in Indonesia Stock Exchange (IDX)
RELEVANSI STABILITAS KEUANGAN BANK TERHADAP RISIKO INVESTASI DAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MEDIASI Sutandijo Sutandijo; Listya Sugiyarti
SCIENTIFIC JOURNAL OF REFLECTION : Economic, Accounting, Management and Business Vol. 6 No. 3 (2023): SCIENTIFIC JOURNAL OF REFLECTION: Economic, Accounting, Management, & Business
Publisher : Sekolah Menengah Kejuruan (SMK) Pustek

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37481/sjr.v6i3.708

Abstract

This study aims to test and analyze empirically the relevance of bank financial stability (STAB) to bank stock investment risk (RISK), with dividend policy (DIV) as a mediating variable; and bank company size (SIZE), status of state-owned enterprises (BUMN), and regionally-owned enterprises (BUMD) as control variables. The population in this study are national commercial banks consisting of private banks and BUMN/BUMD banks listed on the Indonesia Stock Exchange for the 2011-2020 period. Using a purposive sampling method, the number of bank companies sampled in this study was 16 bank companies with a total of 160 observations of financial report data (over a 10 year period). In this study, multiple linear regression analysis techniques and Ordinary Least Square models were used with data processing using eviews 9 software. The results of this study indicate that simultaneously STAB, DIV, and the control variables SIZE, BUMN, BUMD have a significant effect on RISK. Meanwhile, partially, STAB and SIZE have a negative effect on RISK in bank stocks. In addition, STAB has a positive effect on DIV, but DIV has no effect on RISK, so it can be concluded that dividend policy is proven not to mediate the effect of financial stability on investment risk in bank stocks.
Pengaruh Peghindaran Pajak, Pertumbuhan Penjualan dan Tanggungjawab Sosial Perusahaan Terhadap Nilai Perusahaan Adib Mustafid; Sutandijo Sutandijo
InFestasi Vol 19, No 2 (2023): DESEMBER
Publisher : Universitas Trunojoyo Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21107/infestasi.v19i2.21805

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh penghindaran pajak, pertumbuhan penjualan dan tanggungjawab sosial perusahaan terhadap nilai perusahaan. Jenis penelitian ini adalah kuantitatif asosiatif dengan menggunakan data sekunder berdasarkan laporan keuangan dalam kurun waktu lima tahun pada periode 2017-2021 yang diambil dari situs Bursa Efek Indonesia dan situs masing-masing perusahaan sub sektor makanan dan minuman dengan jumlah sampel sebanyak 30 perusahaan dan melalui penyaringan data menggunakan purposive sampling, didapatkan sampel sebanyak 10 perusahaan. Pengolahan data dilakukan dengan metode regresi data panel dengan menggunakan Eviews versi 12. Hasil olah data statistik penelitian, menunjukkan bahwa penghindaran pajak secara parsial berpengaruh positif terhadap nilai perusahaan sedangkan pertumbuhan penjualan dan tanggungjawab sosial perusahaan secara parsial tidak berpengaruh terhadap nilai perusahaan.This study aims to analyze the influence of tax avoidance, sales growth and corporate social responsibility on firms value. The type of research is quantitative associative by using secondary data based on financial statements within a period of five years in the 2017-202 period taken from the Indonesia Stock Exchange website and the website of each company, with a with a population of 30 companies and through data filtering using purposive sampling, a sample of 10 companies was obtained. Data processing was carried out using the panel data regression method using Eviews version 12. From the result of statistical data processing, it was found that tax avoidance partially affects firms value while sales growth and corporate social responsibility partially does not affect firms value.
Pengaruh Struktur Modal, Perputaran Modal Kerja, Dan Kinerja Keuangan Terhadap Nilai Perusaaan Farhan Maulidi; Sutandijo Sutandijo
Jurnal Akuntansi Keuangan dan Bisnis Vol. 3 No. 3 (2025): Oktober - Desember
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/jakbs.v3i3.3622

Abstract

This study aims to analyze the effect of capital structure, working capital turnover, and financial performance on firm value. The research object consists of property and real estate companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period, using a quantitative method with secondary data derived from financial statements. The analysis was carried out using panel data regression with F-test and t-test. The results show that simultaneously capital structure, working capital turnover, and financial performance influence firm value. Partially, capital structure has no effect on firm value, working capital turnover affects firm value, while financial performance has no effect on firm value. These findings indicate that efficiency in managing working capital plays a more dominant role in increasing firm value compared to capital structure and financial performance.
Pengaruh Struktur Modal, Pertumbuhan Laba, dan Kebijakan Dividen terhadap Nilai Perusahaan Aurellia Safitri; Sutandijo Sutandijo
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 2 (2026): Mei-Juli
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i2.10369

Abstract

Nilai perusahaan merupakan salah satu indikator penting yang mencerminkan kinerja dan prospek perusahaan di mata investor. Berbagai faktor keuangan, seperti struktur modal, pertumbuhan laba, dan kebijakan dividen, diduga memengaruhi peningkatan nilai perusahaan. Penelitian ini bertujuan untuk menganalisis pengaruh struktur modal, pertumbuhan laba, dan kebijakan dividen terhadap nilai perusahaan pada perusahaan sektor Consumer Non-Cyclicals yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2020–2024. Penelitian ini menggunakan pendekatan kuantitatif dengan memanfaatkan data sekunder yang diperoleh dari Bursa Efek Indonesia (BEI) dan situs resmi masing-masing perusahaan. Teknik pengambilan sampel menggunakan metode purposive sampling, sehingga diperoleh 28 perusahaan yang memenuhi kriteria penelitian dengan total 140 observasi selama lima tahun. Analisis data dilakukan menggunakan metode regresi data panel dengan bantuan perangkat lunak E-Views versi 13. Hasil penelitian menunjukkan bahwa secara simultan struktur modal, pertumbuhan laba, dan kebijakan dividen berpengaruh signifikan terhadap nilai perusahaan. Secara parsial, struktur modal berpengaruh signifikan terhadap nilai perusahaan, sedangkan pertumbuhan laba dan kebijakan dividen tidak berpengaruh signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa keputusan perusahaan dalam mengelola struktur pendanaan memiliki peran yang lebih dominan dalam meningkatkan nilai perusahaan dibandingkan dengan pertumbuhan laba maupun kebijakan pembagian dividen. Penelitian ini diharapkan dapat memberikan kontribusi bagi manajemen perusahaan dalam merumuskan kebijakan keuangan yang optimal serta menjadi referensi bagi investor dalam mengevaluasi faktor-faktor yang memengaruhi nilai perusahaan sebagai dasar pengambilan keputusan investasi.
Co-Authors Adib Mustafid Aurellia Safitri Farhan Maulidi Listya Sugiyarti