The Effect of Dividend Policy on Stock Prices with Debt Policy as a Moderating Variable

DOI

10.2991/978-94-6463-508-9_17How to use a DOI?

Keywords

Operational Efficiency Ratio; Non-Performing Loans; Net Interest Margin

Abstract

This research aims to investigate the effect of dividend policy on stock prices with debt policy as a moderating variable in the property and real estate sector. Historical data on property and real estate companies listed on the Indonesia Stock Exchange during the 2017-2022 period is used as a sample. The research results show that there is a positive influence between dividend policy (DPR) and stock prices (Price). This means that when a company implements a larger dividend policy or increases dividend payments, this tends to have a positive impact on the company’s share price. However, this research also finds that debt policy (DER) does not moderate the effect of dividend policy on stock prices, which means that DER does not influence the relationship between DPR and Price. The limitations of this research are the use of a limited sample, the possible inability of the analytical model to observe moderation effects correctly, and the lack of measurement of external factors that could influence this relationship. Therefore, suggestions for further research include expanding the sample, using a more comprehensive analysis model, and cross-time research. Research across time can provide deeper insight into the evolution of the relationship between dividend policy, debt policy and stock prices in the property and real estate sector, as well as the impact of external factors on this relationship.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Download article (PDF)

TY  - CONF
AU  - M. Doni Permana Putra
AU  - Ni Luh Nyoman Sherina Devi
AU  - Luh Pande Eka Setiawati
AU  - Yura Karlinda Wiasa Putri
PY  - 2024
DA  - 2024/09/19
TI  - The Effect of Dividend Policy on Stock Prices with Debt Policy as a Moderating Variable
BT  - Proceedings of the Twelfth International Conference on Entrepreneurship and Business Management 2023 (ICEBM 2023)
PB  - Atlantis Press
SP  - 209
EP  - 216
SN  - 2667-1271
UR  - https://doi.org/10.2991/978-94-6463-508-9_17
DO  - 10.2991/978-94-6463-508-9_17
ID  - Putra2024
ER  -