PENGARUH PROFITABILITAS, PERTUMBUHAN PERUSAHAAN DAN KEBIJAKAN HUTANG TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI MEDIASI
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Abstrak
This study aims to analyze the effect of profitability, company growth, and debt policy on stock prices with dividend
policy as a mediating variable. This study uses a quantitative method by taking a population of companies listed on
the Indonesian Stock Exchange (IDX) in the consumer goods sector. The sample was selected by purposive sampling
technique in order to obtain a sample of 24 companies. The data analysis method used is structural equation model
analysis using the PLS SEM test tool. The results showed that profitability, company growth, and debt policy had no
significant effect on stock prices. The results of the mediation test show that dividend policy is not proven as a
mediating variable for the effect of profitability, company growth, and debt policy on stock prices. Based on the
results of the different test, it shows that there is a significant difference in the stock prices of consumer goods
companies before and during the Covid-19 pandemic
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