Abstract

This study aims to obtain empirical evidence about the effect of asset growth, leverage, and dividend payout ratio on stock price volatility. This research was conducted on companies listed in the LQ 45 index on the Indonesia Stock Exchange in 2014 - 2018. The number of samples used was 13 companies using the nonprobability sampling method with a purposive sampling technique, so the number of samples for 5 years became 65 samples. The data analysis technique used is multiple linear regression analysis. Based on the results of the analysis found that asset growth has a negative effect on stock price volatility. Leverage has a positive effect on stock price volatility. Dividend payout ratio has a negative effect on stock price volatility.
 Keywords: Asset Growth; Leverage; Dividend; Volatility.

Highlights

  • PENDAHULUAN Investor dalam melakukan investasi melihat dua faktor yang melatar belakangi investor dalam melakukan kegiatan investasi, yaitu tingkat pengembalian saham dan faktor risiko

  • This study aims to obtain empirical evidence about the effect of asset growth, leverage, and dividend payout ratio on stock price volatility

  • Based on the results of the analysis found that asset growth has a negative effect on stock price volatility

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Summary

Populasi dalam penelitian ini adalah seluruh perusahaan dalam indeks LQ

45 yang tedaftar di BEI periode 2014 - 2018 yaitu sebanyak 45 perusahaan. Sampel dalam penelitian ini meliputi perusahaan dalam indeks LQ 45 yang terdaftar di BEI tahun 2014 - 2018 yang telah memenuhi kriteria. Analisis regresi linear berganda (multiple linear regression) digunakan untuk menguji hipotesis yang ada yaitu untuk melihat pengaruh personalisasi, daya tarik alternatif dan pengalaman pengguna sistem pada perceived usefulness serta perceived ease of use. Analisis linear berganda digunakan untuk memecahkan rumusan masalah yang ada, yaitu untuk melihat pengaruh dua variabel atau lebih. Model persamaan analisis regresi linear berganda ditunjukkan oleh persamaan regresi berikut: Keterangan : Y

HASIL DAN PEMBAHASAN
Dividend payout ratio
Unstandardized Coefficients
Error of the
Mean Square F
Model β

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