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Examining Dividend Policy as a Mediating Variable in Stock Price Trends: Evidence from the Indonesian Basic Materials

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  • Dehan Azzahrah Nurmahfudi,
  • Yuniningsih Yuniningsih
Dehan Azzahrah Nurmahfudi
Universitas Pembangunan Nasional "Veteran" Jawa Timur
Yuniningsih Yuniningsih
Universitas Pembangunan Nasional "Veteran" Jawa Timur
Published in : International Journal of Scientific Research and Management (IJSRM) , Vol. 12 No. 07 (2024)

Submission to VIJ 2024-07-02

Keywords

  • financial ratios, stock price, dividend policy, raw materials sector

Copyright (c) 2024 Dehan Azzahrah Nurmahfudi, Prof. Dr. YUNININGSIH, S.E., M.Si

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This research investigates the impact of financial ratios, including profitability, liquidity and solvency, on stock prices, with dividend policy as a mediator, in the Indonesian raw materials sector. The analysis covers 100 samples from 25 of companies listed on the Indonesia Stock Exchange (BEI) from 2019 to 2022. The research aims to explore stock price fluctuation trends and examine the relationship between financial ratios and stock prices, as well as the role of dividends policy in mediating this relationship. The findings show that profitability and liquidity are important factors in determining stock prices, while solvency does not influence stock prices, nor does dividend policy play an important role in mediating the relationship between variables. It is hoped that these findings will provide insight for investors, policy makers and industry stakeholders in navigating Indonesia's dynamic construction materials market.

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