PENGARUH DEBT TO EQUITY RATIO TERHADAP  HARGA SAHAM  DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK  INDONESIA PERIODE 2014-2019

Iqbal Firdausi; Norbaiti .; Dini Rusqiati

PENGARUH DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN OTOMOTIF YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2019

Iqbal Firdausi, Norbaiti ., Dini Rusqiati

Abstract

The purpose of this study is to analyze the effect of the Debt To Equity Ratio (DER) on stock prices through dividend policy as an intervention variable in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2019. The approach used in this research is a quantitative approach. The method used in this research is explanatory research, namely research that explains the causal relationship between variables through hypothesis testing, to obtain facts about the symptoms of the problems that arise. The population selected in this study of automotive companies listed on the IDX in 2014-2019 may be 13 companies. Sampling was done using secondary data with the purposive sampling method, namely the active method of sample members based on certain considerations and criteria. The data analysis technique used in this research is path analysis. The conclusion is 1) Debt To Equity Ratio (DER) has no effect on dividend policy in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2019. 2) Debt To Equity Ratio (DER) affects stock prices in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2019. 3) Dividend policy affects stock prices in automotive companies listed on the Indonesia Stock Exchange for the period 2014-2019. 4) Dividend policy cannot be an intervening variable in the Debt To Equity Ratio (DER) against stock prices.

Keywords

Debt To Equity Ratio (DER), stock price and dividend policy

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