Fitri, Utami Wayan Sari (2026) Pengaruh Struktur modal, Ukuran perusahaan, dan Profitabilitas Terhadap Harga saham dengan Kebijakan dividen Sebagai Variabel Intervening Pada Sektor Perbankan di BEI Tahun 2022-2024. Jurnal Mahasiswa Entrepreneurship, 5 (3). pp. 506-518. ISSN 2964-898X
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Abstract
The capital market serves as in investment medium utilized by investors to allocate capital with the expectation of generating future returns. In making investment decisions, investors generally consider various factors capable of influencing a company’s stock price, including capital structure, firm size, profitability, and the implemented dividend policy. This study aims to analyze the effect of capital structure, firm size, and profitability on stock prices with dividend policy as an intervening variable in banking sector companies listed on the Indonesia Stock Exchange during the 2022–2024 period. This study adopts a quantitative approach using data obtained from corporate financial statements. The research population consists of banking companies listed on the Indonesia Stock Exchange, with a sample of 15 companies selected through a purposive sampling technique. Data analysis was conducted using the Structural Equation Modeling-partial Least Square (PLS-SEM) method, assisted by the SmartPLS 3.0. application. The results show that capital structure and profitability have a significant positive effect on dividend policy, whereas firm size has a significant negative effect on dividen policy. In terms of capital structure has an insignificant negative effect. Furthermore, dividend policy has a positive but insignificant effect on stock prices. The indirect effect testing indicates that dividend policy is unable to mediate the effects of capital structure, firm size, and profitability on stock prices.
| Item Type: | Article |
|---|---|
| Subjects: | H Social Sciences > HG Finance |
| Divisions: | Fakultas Ekonomi > S1 Manajemen |
| Depositing User: | FITRI UTAMI WAYAN SARI |
| Date Deposited: | 05 Oct 2026 05:54 |
| Last Modified: | 05 Oct 2026 05:54 |
| URI: | http://repository.unars.ac.id/id/eprint/4933 |
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