Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)

Dividend Policy and Solvency Effects on Stock Returns of Manufacturing Companies

Authors
S. Sulastri, Maya Sari, E. Rismayanti
Corresponding Author
S. Sulastri
Available Online 2 September 2021.
DOI
10.2991/aebmr.k.210831.020How to use a DOI?
Keywords
Dividend Policy, Solvency, Stock Returns
Abstract

This study aimed to analyze dividend policy’s effect in the proxy with Dividend Payout Ratio (DPR) and solvency in the proxy with Debt to Equity Ratio (DER) on Stock Returns of manufacturing companies listed on the Indonesia Stock Exchange from 2014 to 2018. Ratio analysis is one of the analyses used by investors to analyze a company’s stock performance. This study used a quantitative method. The sampling technique used a purposive sampling method, and the sample was selected following predefined criteria. To obtain samples of 10 manufacturing companies, they were selected from a population of 144 manufacturing companies incorporated in the Indonesia Stock Exchange from 2014 to 2018. The data used in this study was financial statement data, and sources used to obtain these data were the Indonesian Capital Market Directory (ICMD) accessed from www.idx.co.id. The data analysis model used was panel data regression. This study showed that the Dividend Payout Ratio and Debt to Equity Ratio had a significant effect on stock returns.

Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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Volume Title
Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
Series
Advances in Economics, Business and Management Research
Publication Date
2 September 2021
ISBN
10.2991/aebmr.k.210831.020
ISSN
2352-5428
DOI
10.2991/aebmr.k.210831.020How to use a DOI?
Copyright
© 2021, the Authors. Published by Atlantis Press.
Open Access
This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

Cite this article

TY  - CONF
AU  - S. Sulastri
AU  - Maya Sari
AU  - E. Rismayanti
PY  - 2021
DA  - 2021/09/02
TI  - Dividend Policy and Solvency Effects on Stock Returns of Manufacturing Companies
BT  - Proceedings of the 5th Global Conference on Business, Management and Entrepreneurship (GCBME 2020)
PB  - Atlantis Press
SP  - 91
EP  - 97
SN  - 2352-5428
UR  - https://doi.org/10.2991/aebmr.k.210831.020
DO  - 10.2991/aebmr.k.210831.020
ID  - Sulastri2021
ER  -