DETERMINING FACTORS OF DIVIDEND POLICY AND ITS EFFECT ON STOCK PRICE IN THE BANKING SECTOR

Nanang Supriyatna (Universitas Pembangunan Nasional Veteran Jakarta)
Yudi Nur Supriadi (Universitas Pembangunan Nasional Veteran Jakarta)
Jubaedah Jubaedah (Universitas Pembangunan Nasional Veteran Jakarta)
Sri Mulyantini (Universitas Pembangunan Nasional Veteran Jakarta)

Jurnal Ekonomi
Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September

This study aims to determine and analyze the effect of profitability and firm size on stock prices with dividend policy as an intervening variable. The population in this study were 47 banking companies listed on the Indonesia Stock Exchange during the 2017-2021 period using the saturated sample method. Data analysis used panel data regression which was processed using Eviews version 12. The results of this study include; 1). Profitability has no effect on stock prices, 2). Company size affects stock prices, 3). Dividend policy is not proven to be an intervening variable because it cannot support the effect of profitability and company size on the share prices of banking companies on the Indonesia Stock Exchange during the 2017-2021 period.