International Journal of Public Budgeting, Accounting and Finance
Vol 2 No 4 (2019): Journal of Public Budgeting, Accounting and Finance

THE EFFECT OF PROFITABILITY, FIRM SIZE, FIRM GROWTH, AND DIVIDEND POLICY ON STOCK PRICES WITH CAPITAL STRUCTURE AS MODERATING VARIABLES

Pandia, Cory (Unknown)



Article Info

Publish Date
01 Jan 2020

Abstract

The purpose of this study is profitability, firm size, firm growth, and dividend policy on stock prices with capital structure as a moderating variable. The population in this study are telecommunications companies listed on the Indonesia Stock Exchange in the period 2011-2018. The sample selection method uses a purposive technique. The samples used were 4 companies. The method used in this research is panel data regression method with a significance level of 5% using the common effect model (CEM). Hypothesis testing uses t test, f test, and interaction test. The results showed that partially profitability had a positive and significant effect on stock prices, while company size and dividend policy had a negative and significant effect on stock prices and company growth had a positive and not significant effect on stock prices. The second hypothesis testing shows that the capital structure is not able to moderate the relationship between profitability, firm size, and firm growth on stock prices while the capital structure is able to moderate the relationship between dividend policy on stock prices.

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Journal Info

Abbrev

ijpbaf

Publisher

Subject

Economics, Econometrics & Finance

Description

The International Journal of Public Budgeting, Accounting and Finance (IJPBAF) publishes original research in all areas that utilizes tools from basic disciplines such as economics, statistics, psychology, social and sociology. This research typically uses analytical, empirical archival, ...