Pengaruh Kebijakan Dividen, Profitabilitas Dan Struktur Modal Terhadap Harga Saham
Abstract
ABSTRACT
The purpose of this study was to determine the effect of dividend policy, profitability and capital structure both simultaneously and partially on stock prices in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2015-2018. The research method used was descriptive and verification methods. The research population was the financial statements of Food and Beverage Companies that are listed on the Indonesia Stock Exchange as many as 22 companies with the 2015-2018 period. The sample of 18 companies was determined. The analysis of research data used panel data regression. Based on the research results, it is known that dividend policy, profitability and capital structure had a simultaneous and significant effect on stock prices; dividend policy had a positive and significant effect on stock prices; profitability had a positive and significant effect on stock prices; and capital structure had a positive and significant effect on stock prices.
Keywords: Dividend Policy, Profitability, Capital Structure, Stock Price.
Full Text:
PDFReferences
Al Masum, Abdullah. 2014. Dividend Policy and Its Impact on Stock Price – A Study on Commercial Banks Listed in Dhaka Stock Exchange. Global Disclosure of Economics and Business, Volume 3, No 1 (2014).
Ali, Adnan. 2015. Effect of Dividend Policy on Stock Prices. Business & Management Studies: An International Journal Vol. 3 Issue: 1 Year: 2015, ss. 56-87.
Atmaja, Lukas Setia. 2008. Teori dan Praktik Manajemen Keuangan. Yogyakarta: Andi.
Barakat, Abdallah. 2014. The Impact of Financial Structure, Financial Leverage and Profitability on Industrial Companies Shares Value (Applied Study on a Sample of Saudi Industrial Companies). Research Journal of Finance and Accounting Vol. 5, No. 1, 2014.
Brigham, Eugene F dan Houston, Joel F. 2010. Dasar-dasar Manajemen Keuangan. Penerjemaah Ali Akbar Yulianto. Jakarta: Salembat Empat.
Darmadji, Tjiptono dan Fakhruddin, Hendy M. 2011. Pasar Modal di Indonesia Pendekatan Tanya Jawab. Jakarta: Salemba Empat.
Fahmi, Irham. 2013. Analisa Laporan Keuangan. Bandung: Alfabeta.
Halim, Abdul. 2015. Analisis Investasi dan Aplikasinya. Jakarta: Salemba Empat.
Hartono, Jogiyanto. 2010. Teori Portofolio dan Analisis Investasi. Yogyakarta: BPFE-UGM.
Husnan, Suad. 2015. Manajemen Keuangan Teori dan Penerapan. Yogyakarta: UPP AMP YKPN.
Istanti, Sri Layla Wahyu. 2013. Pengaruh Kebijakan Dividen terhadap Harga Saham pada Perusahaan LQ 45. Potensia Vol. 19 No. 1, Juli 2013.
Jumingan. 2009. Analisis Laporan Keuangan. Jakarta: Bumi Aksara.
Kasmir. 2010. Pengantar Manajemen Keuangan. Jakarta: Prenada Media Group.
Manurung, B.A.F. 2014. Analisis Pengaruh Profitabilitas dan Struktur Modal Terhadap Harga Saham pada Perusahaan Property & Real Estate yang Tergabung dalam Indeks Kompas 100 BEI Periode 2009-2012. Jurnal Ekonomi dan Bisnis Universitas Lampung Tahun 2014.
Martono dan Harjito, Agus. 2012. Manajemen Keuangan. Yogyakarta: Ekonisia.
Opu, Nur Vita. 2014. Pengaruh Kebijakan Dividen dan Kebijakan Pendanaan terhadap Harga Saham Melalui Kesempatan Investasi dan Struktur Kepemilikan Saham pada Perusahaan Industri Food and Beverage yang Go Public di Bursa Efek Indonesia. Jurnal Sains Terapan No. 1 Vol. 1 Juni 2014.
Purnamawati, I Gusti Ayu. 2016. The Effect of Capital Structure and Profitability on Stock Price (Study of The Manufacturing Sector In Indonesia Stock Exchange). International Journal of Business, Economics and Law, Vol. 9, Issue 1 (Apr.)
Riyanto, Bambang. 2001. Dasar-dasar Pembelanjaan Perusahaan. Yogyakarta: BPFE.
Saleh, Taher. 2018. Kinerja IHSG 2018, Terburuk dalam 3 Tahun. Artikel. Sumber: https://www.cnbcindonesia.com diakses tanggal 22 April 2020.
Sambelay, Jestry J. 2017. Analisis Pengaruh Profitabilitas terhadap Harga Saham pada Perusahaan yang Terdaftar di LQ45 Periode 2012-2016. Jurnal EMBA Vol. 5 No. 2 Juni 2017, hal. 753-761.
Sartono, Agus. 2012. Manajemen Keuangan Teori dan Aplikasi. Yogyakarta: BPFE.
Sulfiyati. 2016. Pengaruh Profitabilitas dan Struktur Modal terhadap Harga Saham Perusahaan Batubara di BEI 2011-2014. Jurnal Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang Tahun 2016.
Suyatna, Oggi Bagus. 2015. Pengaruh Return On Equity, Pertumbuhan Penjualan, Dividen, dan Inflasi terhadap Harga Saham pada Perusahaan Food and Beverage (Studi Empiris di BEI 2009-2013). e-Proceeding of Management: Vol. 2, No. 2 Agustus 2015 | Page 1722.
Syamsudin, Lukman. 2006. Manajemen Keuangan Perusahaan. Jakarta: Raja Grafindo Persada.
Undang-Undang Republik Indonesia Nomor 8 Tahun 1995 tentang Pasar Modal.
www.idx.co.id
Jurnal Ekonomi, Akuntansi dan Manajemen
Fakultas Ekonomi dan Bisnis, Universitas Kuningan
Jl. Tjut Nyak Dhien No 36 A Cijoho Kuningan,
Telp. 081291177788
E-mail: [email protected]
https://journal.uniku.ac.id/index.php/jeam