Analisis Pengaruh Kebijakan Dividen Terhadap Volatilitas Harga Saham di Bursa Efek Indonesia (BEI)

Santana, Tito (2012) Analisis Pengaruh Kebijakan Dividen Terhadap Volatilitas Harga Saham di Bursa Efek Indonesia (BEI). Undergraduate thesis, Universitas Internasional Batam.

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Abstract

This research is conducted to investigate the impact of corporate dividend policy on its stock price volatility in Indonesia Stock Exchange, where Price volatility as the dependent variable and dividend yield and payout ratio as the independent variables. Researcher also controls some variables that also have impact on company stock price volatility, those are leverage, assets growth, earning volatility and firm size. Samples consist of 53 companies of the 415 listed in Indonesia Stock Exchange (IDX) for the period 2004-2010. data are analyzed using multiple regression analysis to find the relationship between corporate dividend policy and stock price volatility. The result shows that dividend yield and all of the control variables have significant impact on stock price volatility, dividend payout ratio also has significant impact on stock price volatility but in a lower level of significance. Keywords: Stock price volatility, dividend policy, dividend yield, payout ratio, Indonesia.

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