Management Analysis Journal
Vol 8 No 2 (2019): Management Analysis Journal

The Effect of Dividend Policy on Share Price Volatility in Indonesia

Utami, Entri Lutfi (Unknown)
Wtiastuti, Rini Setyo (Unknown)



Article Info

Publish Date
20 Jun 2019

Abstract

This study aimed to determine the effect of dividend policy on stock price volatility in Indonesia. Indicators dividend policy is a dividend payout ratio and dividend yield. The analysis in this study also involves other factors suspected to affect the stock price volatility, such as company size, company earnings volatility, debt level, and the rate of growth of the company. The population in this study are all companies listed in Indonesia Stock Exchange in 2013-3017. The samples in the study using purposive sampling method. The research sample of 270 units of observational data. The analytical method used is multiple regression analysis using Eviews program 9. The results showed that the variables that have a significant influence on the volatility of the stock price is just dividend yield. The higher the dividend yield, the lower the volatility of the stock price. Control variables significant negative effect of firm size and debt level positf significant effect. For further research should add other variables such as macroeconomic variables such as inflation, as well as extending the period of study.

Copyrights © 2019






Journal Info

Abbrev

maj

Publisher

Subject

Decision Sciences, Operations Research & Management

Description

Management Analysis Journal (MAJ) is an open-access electronic journal focusing on scientific work on the field of business. This journal applies the theory developed from business research and connects it to actual business situations. The articles within this journal are published quarterly ...