Endang Etty Merawati
Pancasila University

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The Effect of Economic Growth and Unemployment on Profitability and Its Impact on the Stock Prices of Issuers Listed in the Lq45 Index for the 2017-2021 Period Hari Widodo; Endang Etty Merawati; Syamsul Bahri
INVOICE : JURNAL ILMU AKUNTANSI Vol 4, No 1 (2022): Maret 2022
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/inv.v4i1.7101

Abstract

This study aims to obtain empirical evidence of the effect of economic growth and unemployment on profitability and its impact on the stock price of issuers listed on the LQ45 Index. The sample used is the shares of issuers listed on the LQ45 Index on the Indonesia Stock Exchange (IDX). The research period used is from 2017 to 2020. The object in this study is the Issuer's Share Price which is listed on the LQ45 Index on the Indonesia Stock Exchange. The data used is secondary data. The reason is because issuers listed on this index tend to have high liquidity and market capitalization. Purposive sampling technique is a technique used in determining the sample and the total observations of the issuer's shares are 30 shares per year. The data analysis method used is SEM-PLS (Structural Equation Modeling-Partial Least Square) which is used as a hypothesis test technique. The results of this study indicate that economic growth has no effect on the stock price of issuers listed on the LQ45 Index, unemployment has no effect on profitability and stock prices of issuers listed on the LQ45 Index, economic growth has a significant effect on profitability and profitability as proxied by ROA and ROE has a significant effect. to the share price of issuers listed on the LQ45 Index. Profitability as an intervening variable has the effect of variable economic growth on stock prices. and Profitability as an intervening variable does not affect the unemployment variable on stock prices.
Analisis Faktor-Faktor yang Mempengaruhi Kebijakan Dividen pada Perusahaan Publik Sektor Perbankan Banu Adjie Nugroho; Bambang Purwoko; Edy Supriyadi; Endang Etty Merawati; Derriawan Derriawan; Agus S. Irfani
Edupreneurship: Jurnal Pendidikan Ekonomi Vol. 2 No. 1 (2026): JUNI
Publisher : CV. Rumoh Aceh Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/qqw4vb98

Abstract

This study aims to analyze dividend policy in the banking sector by examining the role of profitability, leverage, and company growth in determining dividend distribution decisions. The research employed a qualitative approach using a case study design to explore the meaning, considerations, and strategic processes underlying dividend policy in Indonesian banking companies. Data were collected through semi-structured interviews, observations, documentation, and triangulation involving banking managers, investors, financial analysts, and academics. The findings reveal that dividend policy is not merely a profit distribution mechanism but also a strategic instrument to maintain investor confidence, corporate reputation, and financial stability. Profitability, represented by Return on Assets (ROA), was perceived as the main indicator of a company’s ability to distribute dividends. Meanwhile, leverage, measured through Debt to Equity Ratio (DER), encouraged firms to adopt more cautious dividend policies to maintain financial resilience. Company growth also influenced dividend decisions, as expanding banks tended to retain earnings to support business development and digital transformation. This study contributes theoretically by providing a qualitative perspective on dividend policy and practically by offering insights for banking management, investors, and policymakers in understanding dividend decision-making dynamics in the banking industry.