CD Skripsi
Pengaruh Assets Growth, Leverage, Dan Earning Volatility Terhadap Volatilitas Harga Saham Dengan Dividend Payout Ratio Sebagai Variabel Intervening Pada Perusahaan Lq45 Di Bursa Efek Indonesia Periode 2011-2016
Stock price volatility is a risk that indicated the uncertainty in the future. The price of a stock that has high volatility may change at any time and the changes are difficult to predict. This study aims to examine the effect of asset growth, leverage, and earning volatility on stock price volatility through dividend payout ratio at LQ45 companies in the Indonesian Stock Exchange (BEI). Data used in this study is the annual data of the period 2011 to 2016. 25 samples were used in this study. The method of analysis using path analysis model. The results showed that the variable asset growth and leverage have significant negative effect to dividend payout ratio. Earning volatility has positif significant effect to dividend payout ratio. Asset growth and leverage do not have significant effect to stock price volatility. Earning volatility has positive significant effect to stock price volatility. Dividend payout ratio has negatif significant effect to stock price volatility. There is a indirect effect between asset growth and leverge to stock price volatility through the dividend payout ratio and there is no indirect effect between asset growth to stock price volatility through the dividend payout ratio.
Keyword : Asset Growth, Leverage, Earning Volatility, Dividend Payout Ratio, and Stock Price Volatility
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