Dividend Policy: Analyzed from Stock Prices and Firm Size in Indonesia^s Manufacturing Sector
Wufron Wufron (a*), Nizar Alam Hamdani (b), Neng Silva Siti Parwati (c), Wulan Sri Utami (d)

a) Universitas Garut
b) Universitas Garut
c) Universitas Garut
d) Universitas Garut

Abstract

The purpose of this study was to examine the effect of stock prices and firm size on dividend policy in manufacturing companies in Indonesia. This type of research is quantitative because it uses inferential statistical analysis to test hypotheses. The sampling technique used is purpositive sampling because the sample is taken based on certain criteria. The data is taken from the company^s financial statements from 2018 to 2021. The data analysis method used is multiple regression analysis to test the research model and test the influence between variables. The results showed that the stock price and firm size on dividend policy is a fit research model. Stock prices have a positive effect on dividend policy. Firm size has a negative effect on dividend policy. Stock prices have a significant effect on dividend policy. Firm size has a significant effect on dividend policy. The findings in this study show that the assets of manufacturing companies in Indonesia during 2018 to 2021 experienced fluctuations, this will directly affect the welfare of investors. The importance of this research is to jointly maintain the existence of all manufacturing companies in Indonesia because companies engaged in the manufacturing sector are very influential in the economic sector.

Keywords: Company Size, Dividend Policy, Manufacturing Sector Company, Stock Price

Topic: Management (HR, Marketing, Finance, Operational, and Strategic Management)