PENGARUH KEBIJAKAN DIVIDEN DAN VALUE OF THE FIRM TERHADAP RETURN SAHAM YANG DIMODERASI OLEH INFLASI PADA PERUSAHAAN SEKTOR TEKNOLOGI YANG TERDAFTAR DI BURSA EFEK INDONESIA

Abstract

This research aims to examine and analyze the effect of dividend policy and firm value on the stock return which is moderated by inflation. The research applies quantitatively. The population consists of Technology companies listed on the Indonesia Stock Exchange (IDX). Furthermore, the data collection technique used a purposive sampling. In line with the purposive sampling. In line with the purposive sampling method, there were 24 Technology companies chosen as samples. Moreover, the data were taken for 3 years from 2021-2023, therefore 72 were processed. The data analysis technique used Moderated Regression Analysis (MRA). The result indicates that dividend policy affects stock return. Likewise, firm value affects stock return. In addition, inflation cannot moderate the relation between dividend policy and stock return. And, dividend policy cannot moderate the relation between firm value and stock return.