Indikator-Indikator Dari Volatilitas Harga Saham Pada Perusahaan Manufaktur Di BEI Tahun 2016-2019

Main Article Content

Jane Levi Andrea
Linda Santioso

Abstract

This research aims to know and analyze the role of dividend payout ratio, firm size, earnings volatility, asset growth, and leverage towards share price volatility in every sectors of manufacturing industry listed in the Indonesia Stock Exchange during 2016-2019. The data is collected through www.idx.com and the company’s official website. Purposive sampling  was the chosen method for this research and with 46 companies used as the sample. Data is processed with multiple regression analysis with the help of Eviews 11.0 and Microsoft Office 2013. The results of this study indicate earnings volatility was positively significant towards share price volatility while dividend payout ratio, firm size, asset growth, and leverage have no significant relation towards share price volatility.

Article Details

Section
Articles
Author Biographies

Jane Levi Andrea, Fakultas Ekonomi Universitas Tarumanagara Jakarta

jane.125170206@stu.untar.ac.id

Linda Santioso, Fakultas Ekonomi Universitas Tarumanagara Jakarta

LindaSantioso@gmail.com

References

Ajija, S. R., Sari, D. W., Setianto, R. H., & Primanti, M. R. (2011). Cara Cerdas Menguasai Eviews. Jakarta: Salemba Empat.

Ali, D. B., & Rounok, N. (2019). HOW DIVIDEND POLICY AFFECTS THE VOLATILITY OF SHARE PRICES: A STUDY ON A CATEGORY SHARES LISTED IN DHAKA STOCK EXCHANGE (DSE). Jagannath University Journal of Business Studies, Vol. 7, No. 1 & 2, 11-24.

Ardiansyah, I., & Isbanah, Y. (2017). Analisis Pengaruh Deviden, Pertumbuhan Aset, Ukuran Perusahaan, Dan Leverage Terhadap Volatilitas Harga Saham. JURNAL RISET AKUNTANSI & KEUANGAN, 1565-1574.

Budagaga, A. (2017). Dividend Payment and its Impact on the Value of Firms Listed on Istanbul Stock Exchange: A Residual Income Approach. International Journal of Economics and Financial Issues.

Dominika, I., & Yanti. (2019). Pengaruh Kebijakan Dividen, Leverage, Firm Size, Earning Volatility, dan Growth Terhadap Volatilitas Harga Saham. Jurnal Multiparadigma Akuntansi, Volume I No. 3/2019, 589-598.

Haque, R., Jahiruddin, A. T., & Mishu, F. (2018). Dividend Policy and Share Price Volatility: A Study on Dhaka Stock Exchange. Australian Academy of Accounting and Finance Review (AAAFR), 89-99.

Harmadji, D. E., Subroto, B., Saraswati , E., & Prihatiningtias, Y. W. (2018). From Theory to Practice of Signaling Theory: Sustainability Reporting Strategy Impact on Stock Price Crash Risk with Sustainability Reporting Quality as Mediating Variable. ICOI-2018, 647-658.

Kumaraswamy , S., Ebrahim, R. H., & Mohammad, W. M. (2019). DIVIDEND POLICY AND STOCK PRICE VOLATILITY IN INDIAN CAPITAL MARKET. ENTREPRENEURSHIP AND SUSTAINABILITY ISSUES 2019 Volume 7 Number 2 (December, 862-874.

Neelanjana, B. H., & Hassan, H. H. (2019). The Impact of Dividend Policy on the Volatility of Share Price of Manufacturing Companies in Malaysia. International Journal of Recent Technology and Engineering (IJRTE), 212-224.

Nguyen, D. T., Bui, M. H., & Do, D. H. (2019). The Relationship Of Dividend Policy and Share Price Volatility:. ANNALS OF ECONOMICS AND FINANCE 20-1, 123–136.

Priana, I. K., & RM, K. M. (2017). PENGARUH VOLUME PERDAGANGAN SAHAM, LEVERAGE, DAN DIVIDEND PAYOUT RATIO PADA VOLATILITAS HARGA SAHAM. E-Jurnal Akuntansi, [S.l.], v. 20, n. 1,, 1-29.

Puspitaningtyas, Z. (2019). Empirical evidence of Market Reactions Based on Signalling Theory in Indonesia Stock Exchange. Investment Management and Financial Innovations, Volume 16, Issue 2, 2019, 66-77.

Rowena, J., & Hendra. (2017). Earnings Volatility, Kebijakan Dividen, Dan Pertumbuhan Asset Berpengaruh Terhadap Volatilitas Harga Saham Pada Perusahaan Manufaktur Di BEI Periode 2013 -2015. JURNAL ADMINISTRASI KANTOR, Vol.5, 231-242.

Santioso, L., & Angesti, Y. G. (2019). Faktor-Faktor Yang Mempengaruhi Volatilitas Harga Saham Perusahaan Manufaktur. Jurnal Ekonomi/Volume XXIV, No. 01 March 2019, 46-64.

Shah, S. A., & Noreen, U. (2016). Stock Price Volatility and Role of Dividend Policy: Empirical Evidence from Pakistan. International Journal of Economics and Financial, 461-472.

Uly, Y. A. (2020, 10 22). Jumlah Investor Pasar Modal Indonesia Masih Tertinggal dari Singapura dan Malaysia. Diambil kembali dari Kompas.com: https://money.kompas.com/read/2020/10/22/103000226/jumlah-investor-pasar-modal-indonesia-masih-tertinggal-dari-singapura-dan?page=all#:~:text=Jumlah%20Investor%20Pasar%20Modal%20Indonesia%20Masih%20Tertinggal%20dari%20Singapura%20dan%20Malaysia,-Kompas.co

Yuniarwati, Santioso, L., Ekadjaja, A., & Bangun , N. (2018). Pengantar Akuntansi 2 Belajar Mudah Akuntansi. Jakarta: Mitra Wacana Media .

Zainudin, R., Mahdzan, N. S., & Yet, C. H. (2017). Dividend policy and stock price volatility of industrial products firms in Malaysia. International Journal of Emerging Markets, 203-217.