PENGARUH LIKUIDITAS, PROFITABILITAS TERHADAP RETURN SAHAM DENGAN KEBIJAKAN DEVIDEN SEBAGAI VARIABEL MODERASI DI PERUSAHAAN PERBANKAN (Yang Terdaftar di Bursa Efek Indonesia Tahun 2015 – 2021

Abstract

This study aims to determine the effect of liquidity, profitability on dividend policy and banking stock returns on the Indonesian stock exchange 2015-2021. This research was conducted in banking companies in 2015-2021 using the company's annual financial reports. The research data was obtained from www.idx.co.id, apart from the website the researcher also obtained data from the company's website. This population is a type of quantitative, because the problems are formulated with the objectives found in this study to analyze whether the influence of one variable on other variables. The population of this study are banking companies listed on the Indonesia Stock Exchange (IDX) in the period 2015 - 2021, while the sampling technique is a purposive sampling technique, namely a technique in determining samples using various considerations or certain criteria. Based on the results of liquidity analysis, it has a positive and significant effect on stock returns, profitability has a significant negative effect on stock returns, dividend policy is able to moderate the effect of liquidity on stock returns, dividend policy is able to moderate the effect of profitability on stock returns.

Keywords:  Liquidity, Profitability, Dividend Policy, Stock Return, Banking