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Journal : Devotion: Journal of Research and Community Service

The Effect of Dividend Policy, Capital Structure, and Exchange Rate on Stock Returns in Industrial Sector Business Entities Maulana, Arif; Hendarin, Rega Mawarni Nur; Haris, Abdul
Devotion : Journal of Research and Community Service Vol. 5 No. 4 (2024): Devotion: Journal of Research and Community Service
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/devotion.v5i4.713

Abstract

The purpose of this study is to examine how Dividend Income, Capital Structure, and Exchange Rate affect Stock Market Performance. The sample consisted of 12 companies trading on the Indonesia Stock Exchange (IDX) selected using the Purposive Sampling method, resulting in 63 observations for each variable.  Data from audited financial statements, tax reports, and stock market prices are published by Bursa Indonesia (IDX).  Data analysis was performed using regression analysis techniques.  The results of this study show that the Exchange Rate, Dividend Payout Ratio (DPR), and Debt to Equity ratio (DER) all have a significant impact on stock prices.  Individually, the Exchange Rate and DER have significant effects, with the Exchange Rate having a negative effect and DER having a positive effect, but the DPR having no significant effect.  The coefficient of determination shows that 10.8% of the stock price variation can be explained by the three variables studied, while 89.2% can be explained by other factors not included in the study.
Co-Authors Abdul Haris Abdullah Abdullah Ade Jamarudin Aden Rosadi Ahmad Dani Ahmadiah, Didih Aisyah Aisyah Alfany, Dini Alfarisi, Muhammad Rasyya Ali Rahman Alin Fithor Ash Shiddiq, Amron Maroghi Aulia, Nur Afti Bagus, Solihah Baihaqi, Ahmad Fauzan Bryna Rizkinta Chidir, Gusli Dalimunthe, Ernando Rizki Dalimunthe, Fadli Dharma, Candrasa Surya Doni Setiawan Dwi W., Randi Dyah Erawati, Dyah Dzurriyyatus Sa’adah, Isqi Edytia, Muhammad Heru Arie Endang Rahmawati, Endang Fabri, Erlinda Aidil Fahriz, Firman Fani, Muhammad Zainul Fauzan, Rayhan Fauzia Rizqita, Puja Fitri Kartiasih Gentio Harsono Gunawan, Bambang Ady Halimah, Ade Harahap, Jakbar Ali Haris Gunawan Hendarin, Rega Mawarni Nur Ibrohim, Cecep Abdurrohman Malik Indana, Della Octavia Irma Megawati, Irma Irmalasari, Fitria Iskandar Putri, Baluqia Joni Iskandar, Joni Khoiri, Umul Lailaturrohmah, Kummil Linda Prasetyorini Lubis, Ega Khairunnia Masdianti Maspiah, Imas Melinda, Linda Mohammad Taufan Asri Zaen Muh. Tahir Muhammad Firmansyah, Muhammad Muhammad Ilham Muis, Ammar Muriani R, Karina Novian Murya, Nur Royhana Muslimsyah, Muslimsyah Nendi, Ikhsan Novia Utami Putri Novian, Karina Nufrizal, Muchlas Nur Aisyah Nur, Alqadri Nurma Yunita, Nurma Nurrohman, Maulana Paratama, Faradillah Parlina, Iin Pasanda, Danil Pramono, Tias Pranita, Elka Praverdianto, Ady Putri, Abelia Rahman, Ali Ratno, Muhammad Alifah Riyanto Haribowo Rizky, Fawwaz Rosika, Herliana Rudi Prasetya Saepullah, Usep Sari, Sufiana Indah Setiawan, Ahmadi Setiawan, Usep Situmeang , Muhammad Partua Langka Sri Yuniarti Suparman, Adi Supendi, Dede Suryaningrum, Nugrahayu Susandi, Deny Gunawan Susilo Tri Widodo Susilo Tri Widodo, Susilo Tri Sutrisno, Sutrisno Syaekhu, Ahmad Thoriq, Arief Mulyawan Utama, Alifka F. Utami Utami Wahyuni, Nur Indah Yuliadi Yuliadi Yulianti Yulianti Zahra, Maghfira Aulia