The influence of roa, roe, and der on stock price with dividend policy as an intervening variable

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Published: Dec 31, 2022
DOI: https://doi.org/10.35335/iarj.v10i2.8
Keywords:
Stock Price, Dividend Policy, Return on asset, Return on equity, Debt to Equity Ratio
Issue
Vol. 10 No. 2 (2022): December: Accounting
Section
Articles
Statistics Article
Article View : 343 Times

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Mohammad Wasil
Institut Kesehatan dan Bisnis Surabaya, Indonesia
Pinky Pininta Dewi
Institut Kesehatan dan Bisnis Surabaya, Indonesia
Andini Putri Arafah
Institut Kesehatan dan Bisnis Surabaya, Indonesia

Abstract

This study aims to determine the effect of ROA, ROE, and DER on stock prices with dividend policy as an intervening variable. This research is a quantitative research. The sample used in this study were 8 companies that were taken using the purposive sampling method that met certain criteria from a population of 30 food and beverage companies on the IDX for the 2017-2020 period. The data processing of this research was carried out using the multiple linear regression method with SPSS version 25. The results of this study indicate that ROA, ROE and DER have no significant positive effect on stock prices. Meanwhile, the dividend policy assessed by the DPR has a significant positive effect on stock prices. The results of path analysis in this research state that the effect of ROA, ROE and DER on stock prices is greater through dividend policy as an intervening variable (indirect effect) than its direct effect on stock prices.

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How to Cite
Wasil, M., Dewi, P. P., & Arafah, A. P. (2022). The influence of roa, roe, and der on stock price with dividend policy as an intervening variable. Indonesia Accounting Research Journal, 10(2), 48–56. https://doi.org/10.35335/iarj.v10i2.8
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