PENGARUH KEBIJAKAN DIVIDEN, KEPUTUSAN PENDAAN DAN PROFITABILITAS TERHADAP HARGA SAHAM

Abstract

This research examines (1) the effect of dividend policy (DPS) on stock price, (2) funding decisions (DER) on stock price, and (3) profitability (ROA) on the stock price of Banking companies listed on the Indonesia Stock Exchange (IDX). The research applies quantitatively. Furthermore, the data collection technique used was purposive sampling, in which the sample was based on the criteria given. In line with that, 45 samples from 9 Banking companies listed on the IDX during 2019-2023 were taken. Moreover, the data analysis technique used multiple linear regression. The result shows that (1) Dividend Per Share (DPS) has a positive effect on stock price. It happens that a dividend that is shared with stakeholders gives a positive signal on a company’s financial condition; (2) Debt to Equity Ratio (DPR) has a positive effect since it is caused by the rise of the company’s financial risks; (3) Return On Assets does not affect stock price. This suggests that profitability does not influence investors' decisions to invest.