PROFITABILITAS, LIKUIDITAS, DAN LEVERAGE TERHADAP HARGA SAHAM: PERAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI)

Lovita Sri Wirdayeni; Elfiswandi; Hanna Pratiwi

Authors

Lovita Sri Wirdayeni Universitas Putra Indonesia Yptk Padang, Sumatera Barat, Indonesia
Elfiswandi Universitas Putra Indonesia Yptk Padang, Sumatera Barat, Indonesia
Hanna Pratiwi Universitas Putra Indonesia Yptk Padang, Sumatera Barat, Indonesia

Keywords:

Share price, profitability, liquidity, leverage, dividend policy

Abstract

This study aims to analyze and test the effect of Profitability, Liquidity and Leverage on Stock Prices with Dividend Policy as a Moderation Variable in manufacturing companies that have been listed on the Indonesia Stock Exchange for the 2018-2022 period. The sampling method used in this study was using purposive sampling techniques that obtained samples from 61 companies. The data analysis method used in this study is Moderating Regression Analysis. The results of this study explain that profitability and leverage have a significant positive effect on stock prices, while liquidity has no effect on stock prices. Dividend policy can moderate in this case weakening the influence of liquidity and leverage, amplifying the influence of profitability on stock prices