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Pengaruh dividend policy terhadap share price volatility pada perusahaan sektor perbankan yang terdaftar di Bursa Efek Indonesia


Oleh : Zahara Amelia

Info Katalog

File Jurnal : 00000000000000096588.pdf

Nomor Panggil : 2019_TA_MJ_022151238

Penerbit : FEB - Usakti

Kota Terbit : Jakarta

Tahun Terbit : 2019

Pembimbing 1 : Reniati Karnasi

Subyek : Financial management - Asset growth;Dividend payout ratio - Banking company

Kata Kunci : asset growth, bank size, dividend yield, earning volatility dan, share price.


File Repositori
No. Nama File Ukuran (KB) Status
1. 2019_TA_MJ_022151238_-Halaman-Judul-pdf.pdf 2505.91
2. 2019_TA_MJ_022151238_Bab-1.pdf 640.52
3. 2019_TA_MJ_022151238_Bab-2.pdf 1543.31
4. 2019_TA_MJ_022151238_Bab-3.pdf 922.21
5. 2019_TA_MJ_022151238_Bab-4.pdf 997.77
6. 2019_TA_MJ_022151238_Bab-5.pdf 453.09
7. 2019_TA_MJ_022151238_Daftar-Pustaka.pdf 938.19
8. 2019_TA_MJ_022151238_Lampiran.pdf 3266.63

P Penelitian ini bertujuan untuk mengetahui pengaruh dividend policy terhadap share price volatility. Sampel yang digunakan dalam penelitian ini adalah perusahaan di sektor perbankan yang terdaftar di Bursa Efek Indonesia (BEI) periode 2011-2017, yaitu sebanyak 12 bank dengan menggunakan purposive sampling. Variabel independen dalam penelitian ini adalah dividend yield, dividend payout ratio, serta variabel kontrol bank size, earning volatility dan asset growth dengan variabel dependen share price volatility. Hasil penelitian menunjukkan bahwa hanya variabel kontrol bank size dan earning volatility memiliki pengaruh negatif yang signifikan terhadap share price volatility, sedangkan variabel independen dividend yield, dividend payout ratio dan variabel kontrol asset growth tidak memiliki pengaruh terhadap share price volatility. Penelitian ini diharapkan dapat memberikan implikasi dan rekomendasi kepada manajemen di perusahaan sub sektor bank bahwa kebijakan dividen tidak dapat mengendalikan volatilitas harga saham secara signifikan, bank dapat memperhatikan volatilitas laba serta ukuran bank yang ternyata lebih mempengaruhi. Penelitian ini juga diharapkan dapat menjadi sumber informasi dan referensi bagi para investor bahwa dividen yang diberikan suatu bank tidak berdampak pada tingkat naik turunya harga sahamnya, melainkan investor dapat mempehatikan volatilitas laba dan ukuran bank yang lebih mempengaruhi tingkat volatilitas harga saham tersebut.

T This research aims to determined the impact of dividend policy on share price volatility. The object that used in this research is from banking sector company that listed on the Indonesia Stock Exchange (IDX) in the period 2011-2017. Independent variable in this research are dividend yield,dividend payout ratio, with control variable bank size, earning volatility and asset growth and dependent variable in this research is share price volatility. The sample that used on this research are 12 bank, by using purposive sampling. The result of this research indicate that control variable, bank size and earning volatility has a significant negative effect on share price volatility, while independent variable, dividend yield and dividend payout ratio, with control variable asset growth, have no impact on share price volatility. The findings of this research are expected to give implication and recommendation for management in banking company that dividend policy is not affected share price volatility, otherwise earning volatility and bank size are more significant to affected the volatility of the share price. This findings is also expected could give a reference to an investor to be more consider about what factor that more affected the share piece volatility such as earning volatility and bank size , remembering that dividend policy may not affected it.

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