UPI YPTK Journal of Business and Economics
Vol. 7 No. 2 (2022): May 2022

Inflation as a Moderating Variable on Stock Price Volatility: Earnings Volatility, Asset Growth, and Dividend Policy

Ucci Eka Sandra (Universitas Putra Indonesia YPTK)
Sigit Sanjaya (Universitas Putra Indonesia YPTK Padang)
Hilda Mary (Universitas Putra Indonesia YPTK Padang)



Article Info

Publish Date
03 Jun 2022

Abstract

The research aims to discover the inflation as a moderating variable on stock price volatility: earnings volatility,asset growth, and dividend policy. earnings volatility, asset growth, and dividend policy are used as independent variablesand stock price volatility are used as dependent variables. Inflation as moderating variable. This research was conducted atmanufacturing firms listed in Indonesia Stock Exchange (IDX) during 2016-2020. Data obtained by accessing the IndonesiaStock Exchange’s website. The samples in this research used the purposive sampling method so that from 193 populationsto get a sample size 38 companies. Data in this research were analyzed with panel data analysis techniques.The result of this research indicate that the asset growth has positif and significant effect partially on stock pricevolatility, while earnings volatility and dividend policy does’nt have significant effect partially on stock price volatility.Earnings volatility, asset growth and dividend policy that are moderated by inflation does’nt have significant effect on stockprice volatility.

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Journal Info

Abbrev

jbe

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

UPI YPTK Journal of Business and Economics is a peer reviewed journal published by Universitas Putra Indonesia, YPTK, Padang West Sumatera, Indonesia. The journal publishes original works that advance knowledge of theory, practice and research in the area of management including Accounting, ...