PENGARUH PROFITABILITAS, STRUKTUR MODAL DAN KEBIJAKAN DIVIDEN TERHADAP HARGA SAHAM

Abstract

This research aimed to find out the effect of profitability, capital structure and diviend policy on stock price of retail trade companies. While, the variables were referred to return on asset (ROA), debt to equity ratio (DER) and dividend payout ratio (DPR). The population was retail trade companies which were listed on Indonesia Stock Exchane (IDX) during 2015-2019. Moreover, the data collection technique used purposive sampling in which the sample was based on criteria given. In line with, there were 7 retail trade companies as the sample. Furthermore, the data analysis technique used multiple linear regression. based on the research result, it concluded profitability had significant effect on companies stock price. Likewise, capital structure had significant effect on companies stock price. On the hand, dividend policy had insignificant effect on companies stock price. In other words, stock price was not affected by debt payout ratio (DPR). However, it was affected by companies performace in creating some profits and managing its debts.
Keywords: profitability, capital structure, dividend policy, stoeck price.