CD Tesis
Pengaruh Economic Value Added, Investment Opportunity Set, Collateralizable Assets, Free Cash Flow Dan Insider Ownership Terhadap Harga Saham Dan Kebijakan Dividen
This study aims to determine the factors that influence stock prices and dividend policy in Islamic index companies. The population in this study were 435 syariah index companies listed on the Indonesia Stock Exchange (BEI) for the period 2017-2019. The sampling technique used method purposive sampling with the technique Systematic sampling, the researcher determined a sample of companies, namely all mining companies listed on the Indonesia Stock Exchange as the research sample totaling 34 companies. Data analysis was performed using multiple linear regression models and independent sample t test with the help of SPSS version 23.0 software.
The results of the study for stock prices show that economic value added, investment opportunity set, collateralizable assets, and free cash flow have a significant effect on stock prices. Meanwhile, insider ownership does not have a significant effect on share prices. Research results for dividend policy show that economic value added, investment opportunity set, collateralizable assets, and insider ownership have a significant effect on dividend policy. Meanwhile, free cash flow has no significant effect on dividend policy. From the independent sample t tests, it shows that there are different results between the effect on stock prices and dividend policy.
Key words: stock price, dividend policy, economic value added, investment opportunity set, collateralizable assets, free cash flow and insider ownership
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