Research Paper
Year: 2022 | Month: March | Volume: 9 | Issue: 3 | Pages: 24-31
DOI: https://doi.org/10.52403/ijrr.20220304
The Effect of Return on Equity and Company Size on Stock Prices with Dividend Policy as an Intervening Variable in Property and Real Estate Companies Listed in Indonesia Stock Exchange 2015-2019 Period
Agung Sahbana1, Galumbang Hutagalung2, Nagian Toni3, Efendy Pakpahan4
1-4Faculty of Economics, Prima Indonesia University, Medan, Indonesia.
Corresponding Author: Galumbang Hutagalung
ABSTRACT
The purpose of this study is to test whether Return on Equity and company size affect stock prices with dividend policy as an intervening variable on property and real estate listed on the Indonesia Stock Exchange in 2015-2019 using Sobel test and path analysis. This research is a quantitative research. The total population of property and real estate companies listed on the BEI is 58 companies and the sample that meets the criteria according to purposive sampling is 14 companies. The results of this study indicate that Return on Equity has a positive influence on stock prices, company size does not affect stock prices, dividend policy does not affect stock prices, ROE does not affect dividend policy, company size does not affect dividend policy, while the indirect effect of ROE has no effect. on stock prices through dividend policy as well as company size does not affect stock prices through dividend policy.
Keywords: Return on Equity, Company Size, Stock Price, Dividend Policy.
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