PENGARUH PROFITABILITAS, LEVERAGE, DAN KEBIJAKAN DEVIDEN TERHADAP RESPON INVESTOR

Abstract

This research aimed to examine and analyze the effect of profitability which was measured by Return On Equity (ROE), leverage which was measured by Debt to Equity Ratio (DER), dividend policy which was measured by Dividend Per Share (DPS) on investors’ response which was measured by the stock price. Moreover, the population was LQ-45 companies listed on the Indonesia Stock Exchange (IDX) during 2019-2021. The research was quantitative. Furthermore, the data collection technique used purposive sampling, in which the sample was based on the criteria given. In line with that, there were 23 samples from 45 LQ-45 companies listed on IDX 2019-2021. Additionally, the data analysis technique used multiple linear regression with SPSS 26. The result concluded that profitability which was measured by ROE had a significant effect on investors’ response which was measured by the stock price. However, both leverage which was measured by DER, and dividend policy which was measured by DPS had an insignificant effect on investors’ response which was measured by the stock price.