PENGARUH KEBIJAKAN DIVIDEN, TOTAL ASSET TURNOVER, DAN DEBT TO ASSET RATIO TERHADAP HARGA SAHAM MELALUI NILAI PERUSAHAAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024

FERA, FITRATUL HASANAH and IDA, SUBAIDA and LITA, PERMATA SARI (2026) PENGARUH KEBIJAKAN DIVIDEN, TOTAL ASSET TURNOVER, DAN DEBT TO ASSET RATIO TERHADAP HARGA SAHAM MELALUI NILAI PERUSAHAAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024. PENGARUH KEBIJAKAN DIVIDEN, TOTAL ASSET TURNOVER, DAN DEBT TO ASSET RATIO TERHADAP HARGA SAHAM MELALUI NILAI PERUSAHAAN SEBAGAI VARIABEL INTERVENING PADA PERUSAHAAN LQ45 YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2024, 5 (4). pp. 777-793. ISSN 2964-898X

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Official URL: https://unars.ac.id/ojs/index.php/jme/article/view...

Abstract

This study aims to analyze the influence of Dividend Policy, Total Asset Turnover, and Debt-to-Asset Ratio on stock price, using firm value as an intervening variable, among LQ45 companies listed on the Indonesia Stock Exchange during the 2022-2024 periods. A quantitative method with a causal approach was employed. The population of the research consisted of companies included in the LQ45 index from 2022 to 2024. The purposive sampling was used based on specific criteria, resulting in a sample of 11 companies. The secondary data were obtained from financial statements and annual reports published via the Indonesia Stock Exchange. The data analysis was conducted using SmartPLS 3.0, involving classical assumption tests, the coefficient of determination, structural equation analysis (inner model), and hypothesis testing. The results of the direct hypothesis tests indicate that Dividend Policy has a positive and significant effect on firm value. The Total Asset Turnover has a negative but insignificant effect on firm value. The Debt-to-Asset Ratio has a positive but insignificant effect on firm value. The Dividend Policy has a negative and significant effect on stock price. The Total Asset Turnover has a positive but insignificant effect on stock price. The Debt-to-Asset Ratio has a positive but insignificant effect on stock price. The results of the indirect hypothesis tests indicate that firm value does not mediate the influence of Dividend Policy, Total Asset Turnover, and Debt-to-Asset Ratio on stock price.

Item Type:	Article
Subjects:	H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi > S1 Manajemen
Depositing User:	Fera Fitratul Hasanah
Date Deposited:	13 Oct 2026 03:35
Last Modified:	13 Oct 2026 03:35
URI:	http://repository.unars.ac.id/id/eprint/4925

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