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All Journal Sharing: Journal Of Islamic Economics, Management And Business
Aris Munandar
Sekolah Tinggi Ilmu Ekonomi Bima, Indonesia
Economics, Econometrics & Finance

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Analisis Pengaruh Kebijakan Deviden Terhadap Harga Saham Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia Febi Berliana; Aris Munandar; Hanifah Muthiah
Sharing: Journal of Islamic Economics Management and Business Vol. 4 No. 2 (2025): Desember 2025
Publisher : Program Studi Ekonomi Syariah Fakultas Agama Islam Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/sharing.v4i2.50161

Abstract

This study aims to analyze the effect of dividend policy on stock prices of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. Dividend policy is considered an important factor in financial management because it can provide positive or negative signals to investors regarding a company’s prospects. This study employs a quantitative approach with a sample of five manufacturing companies in the basic materials sector selected through purposive sampling. The data were obtained from annual financial statements published on the official IDX website. The analytical technique used is panel data regression, preceded by classical assumption tests as prerequisites. The results show that dividend policy, measured by the Dividend Payout Ratio (DPR), has a positive and significant effect on stock prices, which are measured by the Price Earnings Ratio (PER). This is evidenced by a t-test significance value of 0.006 < 0.05 and an R² value of 27.4%, indicating that the dividend policy variable explains 27.4% of the variation in stock prices, while the remaining variation is influenced by other factors. These findings confirm that dividend policy plays an important role in shaping investor perceptions and influencing the market value of a company. This study is expected to provide insights for company management in making profit distribution decisions and for investors in determining more rational investment strategies.
Analisis Perkembangan Return On Asset (ROA) Dan Return On Equity (ROE) Untuk Mengukur Kinerja Keuangan Pada PT. Industri Jamu Dan Farmasi Sidomuncul, Tbk. Amin Rahmatullah; Nurhayati Nurhayati; Aris Munandar
Sharing: Journal of Islamic Economics Management and Business Vol. 4 No. 2 (2025): Desember 2025
Publisher : Program Studi Ekonomi Syariah Fakultas Agama Islam Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/sharing.v4i2.50279

Abstract

The purpose of this study is to examine how well Return on Assets (ROA) measures the financial performance of PT Industri Jamu dan Farmasi Sidomuncul, Tbk, and how well Return on Equity (ROE) measures the company’s financial performance. The data analysis technique employed in this study is a quantitative method, involving relevant calculations related to the research problem. Descriptive analysis is conducted on the Return on Assets (ROA) and Return on Equity (ROE) ratios, which are then interpreted by comparing them with the industry average standards for ROA and ROE. In addition, this study applies statistical analysis using a one-sample t-test with the assistance of SPSS version 22. Based on the results and discussion, it can be concluded that the Return on Assets (ROA) used to measure the financial performance of PT Industri Jamu dan Farmasi Sidomuncul, Tbk is greater than or equal to 5.98%, which meets the expected standard and is considered good. Likewise, the Return on Equity (ROE) used to measure the company’s financial performance is greater than or equal to 8.32%, which also meets the expected standard and is considered good.
Co-Authors Amin Rahmatullah Febi Berliana Hanifah Muthiah Nurhayati Nurhayati