Abstract
This study aims to determine the influence of Stock Trading Volume, Leverage, and Dividend Policy both simultaneously and partially from LQ45 Index companies listed on the Indonesia Stock Exchange in 2016-2018. The analysis technique used is multiple linear regression analysis using the IBM SPSS 26 program. This type of research is a quantitative study using secondary data, there are 18 companies as a sample of research data collected by purposive sampling technique. The dependent variable in this study is Stock Price Volatility, while the independent variables are Stock Trading Volume, Leverage, and Dividend Policy. The results showed that partially Stock Trading Volume has a positive and significant effect on Stock Price Volatility. Leverage and Dividend Policy have no significant effect on Stock Price Volatility. It is expected that the results of this study can be taken into consideration for investors to choose the right type of investment based on the level of stock price volatility that is influenced by various factors, especially stock trading volume..
Highlights
This study aims to determine the influence of Stock Trading Volume, Leverage, and Dividend Policy both simultaneously and partially from LQ45 Index companies listed on the Indonesia Stock Exchange in 2016-2018
The results showed that partially Stock Trading Volume has a positive and significant effect on Stock Price Volatility
Pengaruh Kebijakan Dividen, Earning Volatility, Dan Leverage Terhadap Volatilitas Harga Saham Pada Perusahaan Non-Financing Yang Terdaftar Di Bursa Efek Indonesia Tahun 2010-2014
Summary
Menurut Ross dalam Dewi (2019) signaling theory merupakan informasi terkait kondisi perusahaan yang dimiliki pihak eksekutif untuk disampaikan kepada calon investor. Menurut Myers (1984) dalam Ouso dan Mustava (2018), Teori Pecking Order adalah:. Arti dari kutipan tersebut adalah: “perusahaan lebih memilih pembiayaan internal daripada pembiayaan eksternal dalam bentuk apa pun, baik berupa utang ataupun ekuitas. Jika suatu perusahaan harus mendapatkan pembiayaan eksternal, hal itu akan dilakukan sesuai dengan Pecking Order, dimulai dengan utang yang sangat aman, kemudian berkembang melalui utang berisiko, sekuritas konversi, saham preferen dan akhirnya saham sebagai jalan terakhir.”. Teori pecking order lebih menyukai pendanaan dari internal perusahaan daripada eksternal perusahaan. Tidak ada struktur modal yang optimal dalam teori pecking order karena pemilihan pendanaan perusahaan didasarkan pada urutan hierarki risiko. Laba ditahan adalah opsi pertama yang akan dipilih perusahaan karena tidak berisiko atau memiliki risiko yang lebih kecil diantara opsi pendanaan yang lain. Jika utang tidak bisa juga diperoleh, maka opsi terakhir adalah pendanaan dari ekuitas atau penerbitan saham baru.
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
