The Effect of Net Profit on Cash Dividends and Stock Prices as Intervening Variables in Mining Sub-Sector Companies Listed on the Indonesia Stock Exchange 2018-2022
DOI:
https://doi.org/10.31539/costing.v7i5.12217Keywords:
Net Profit, Cash Dividends, Stock PricesAbstract
A positive increase in net profit can cause the stock price to rise, because this increase in stock price can affect investor perception and managerial decisions, including certainty regarding future dividend distribution. This study aims to assess the influence of net profit and cash dividends on stock prices as intevening variables. In this study, the data used is panel data, which is a combination of time series data and cross section data. The time series data used is 2018-2022. The population in this study is all mining sub-sector companies listed on the Indonesia stock exchange. The determination of the sample in this study was carried out using the purposive sampling method, with the main criterion of LQ45 index companies. The results of this study found that Net Profit has an effect on Cash Dividends, then Cash Dividends have an effect on Stock Prices.
References
Aryanti, & Jayanti, D. (2020). The Effect of Profitability and Leverage on Stock Prices with Dividend Policy as a Moderating Variable in Manufacturing Companies Listed in the Indonesia Sharia Stock Index (ISSI) in 2014-2018.
Dewi, G. A. K. R. S. (2020). Investment and Indonesia's Capital Market. PT RajaGrafindo Persada.
Duli, N. (2019). Quantitative Research Methodology: Some Basic Concepts for Thesis Writing & Data Analysis with SPSS. Deepublish Publisher.
Fauzi, F. N., Priambudi, R., Hidayat, R., Ramdani, E. G., & Mulyati, Y. (2020). Profitability, Dividend of Payout Ratio and Growth Net Cash Flow on Stock Return.
Fiqih, M. (2021). Elemental Accounting Student Journal vol.1, no. 1, January 2021. Journal of Unsurya Accounting Students, 1(1), 47–59.
Halim, A. H. M. A. (2018). Analysis of Financial Statements (5th ed.). UPP STIM YKPN.
Harmono. (2018). Financial Management (Print to). Bumi Askara.
Hery. (2018). Financial Statement Analysis: Integrated and Comprehensive Edition (Print to). PT. Gramedia.
Hery. (2022). Basic Accounting 1 and 2 (A. Pramono, Ed.; Print to). PT Grasindo.
Hertina, D., Ichsani, S., Mawarnie, D., & Wijadatun, V. W. (2019). Stock Price Impact of Earning Per Share and Debt To Asset Ratio. Service Management Triangle: Journal of Service Management, 1(1).
Hertina, D., Permatasari, D. D., Oktavia, S. N., Sinaga, O., Verawati, D. A., Betari, A. T., & Fauzan, M. F. (2021). Stock Price Impact of Liquidity, Solvency, and Profitability. SPRING, 11(5).
Jaya, I. M. L. M. (2020). Quantitative and Qualitative Research Methods. Great Child Publisher.
Kieso, D. E., & Weygandt, J. J. (2018). Intermediate Financial Accounting: Intermediate Accounting (IFRS Edition). Salemba Four.
Maulina, I. (2021). The Effect of Net Profit and Operating Cash Flow on Cash Dividends (Study on Mining Companies in the Non-Oil and Gas Sector Listed on the Indonesia Stock Exchange for the 2016-2020 Period). Scientific Journal of Accounting and Finance, 10.
Murti, W., & Anggraeni, F. (2019). The Effect of Net Profit and Operating Cash Flow on Cash Dividends at Pt. Lautan Luas Tbk for the 2011-2018 Period. Journal of Accounting, 13(2), 120–139.
Pasukodewo, T., & Susanti, N. (2020). The Impact of Profitability on Stock Valuation and Its Impact on Corporate Value. International Journal of Finance & Banking Studies (2147-4486), 9(2), 46–55. https://doi.org/10.20525/ijfbs.v9i2.728
Rachman, Y. T., Rachmat, R. A. H., & Oktaviani, A. S. (2020). The Impact Of Earning Per Share (Eps), Return On Assets (Roa) And Debt To Equity Ratio (Der) On Stock Price (Empirical Study In Automotive Sub Sector Manufacturing Companies And Components Listed In Indonesia Stock Exchange (Idx) Period 2015-2019).
Rinjani, S., & Hasanah, U. (2019). The Effect of Net Profit and Operating Cash Flow on Cash Dividends (Study on Manufacturing Companies in the Pharmaceutical Sub-sector on the Indonesia Stock Exchange (IDX) for the 2013-2018 Period). Journal of Applied Managerial Accounting, 3(2), 145-158-undefined.
Rudianto. (2018). Intermediate Accounting. Erlangga.
Scott, W. R. (2019). Financial Accounting Theory (8th ed.). Toronto Pearson Education Limited.
Sari. (2024). Profitability Strategy and Stock Price. Penamuda Media.
Sarumpaet, T. L., & Suhardi, A. R. (2019). Implications of Profitability, Liquidity, Leverage and MBV on Dividend Payout Ratio in Manufacturing Companies in IDX 2014-2016. International Journal of Innovation, Creativity and Change, 6(8).
Septiani, R. P., & Maulani, T. (2023). The Effect of Net Profit and Cash Flow on the Dividends of Companies in the Goods and Consumption Industry Sector Listed on the Stock Exchange for the 2018-2021 Period. BALANCING: Accountancy Journal, 3(1), 1–9. https://doi.org/10.53990/bjpsa.v3i1.255
Yuliani, R., & Widajatun, V. W. (2023). The Effect of Dividend Policy on Company Value (Case Study of Lq-45 Company). Journal of Management Research and Innovation, 1(2), 185–191. https://doi.org/10.59581/jrim-widyakarya.v1i2.950
Zubir, Z. (2020). Portfolio Management: Its Application in Stock Investing. Salemba Publisher.
Dewi, G. A. K. R. S. (2020). Investment and Indonesia's Capital Market. PT RajaGrafindo Persada.
Duli, N. (2019). Quantitative Research Methodology: Some Basic Concepts for Thesis Writing & Data Analysis with SPSS. Deepublish Publisher.
Fauzi, F. N., Priambudi, R., Hidayat, R., Ramdani, E. G., & Mulyati, Y. (2020). Profitability, Dividend of Payout Ratio and Growth Net Cash Flow on Stock Return.
Fiqih, M. (2021). Elemental Accounting Student Journal vol.1, no. 1, January 2021. Journal of Unsurya Accounting Students, 1(1), 47–59.
Halim, A. H. M. A. (2018). Analysis of Financial Statements (5th ed.). UPP STIM YKPN.
Harmono. (2018). Financial Management (Print to). Bumi Askara.
Hery. (2018). Financial Statement Analysis: Integrated and Comprehensive Edition (Print to). PT. Gramedia.
Hery. (2022). Basic Accounting 1 and 2 (A. Pramono, Ed.; Print to). PT Grasindo.
Hertina, D., Ichsani, S., Mawarnie, D., & Wijadatun, V. W. (2019). Stock Price Impact of Earning Per Share and Debt To Asset Ratio. Service Management Triangle: Journal of Service Management, 1(1).
Hertina, D., Permatasari, D. D., Oktavia, S. N., Sinaga, O., Verawati, D. A., Betari, A. T., & Fauzan, M. F. (2021). Stock Price Impact of Liquidity, Solvency, and Profitability. SPRING, 11(5).
Jaya, I. M. L. M. (2020). Quantitative and Qualitative Research Methods. Great Child Publisher.
Kieso, D. E., & Weygandt, J. J. (2018). Intermediate Financial Accounting: Intermediate Accounting (IFRS Edition). Salemba Four.
Maulina, I. (2021). The Effect of Net Profit and Operating Cash Flow on Cash Dividends (Study on Mining Companies in the Non-Oil and Gas Sector Listed on the Indonesia Stock Exchange for the 2016-2020 Period). Scientific Journal of Accounting and Finance, 10.
Murti, W., & Anggraeni, F. (2019). The Effect of Net Profit and Operating Cash Flow on Cash Dividends at Pt. Lautan Luas Tbk for the 2011-2018 Period. Journal of Accounting, 13(2), 120–139.
Pasukodewo, T., & Susanti, N. (2020). The Impact of Profitability on Stock Valuation and Its Impact on Corporate Value. International Journal of Finance & Banking Studies (2147-4486), 9(2), 46–55. https://doi.org/10.20525/ijfbs.v9i2.728
Rachman, Y. T., Rachmat, R. A. H., & Oktaviani, A. S. (2020). The Impact Of Earning Per Share (Eps), Return On Assets (Roa) And Debt To Equity Ratio (Der) On Stock Price (Empirical Study In Automotive Sub Sector Manufacturing Companies And Components Listed In Indonesia Stock Exchange (Idx) Period 2015-2019).
Rinjani, S., & Hasanah, U. (2019). The Effect of Net Profit and Operating Cash Flow on Cash Dividends (Study on Manufacturing Companies in the Pharmaceutical Sub-sector on the Indonesia Stock Exchange (IDX) for the 2013-2018 Period). Journal of Applied Managerial Accounting, 3(2), 145-158-undefined.
Rudianto. (2018). Intermediate Accounting. Erlangga.
Scott, W. R. (2019). Financial Accounting Theory (8th ed.). Toronto Pearson Education Limited.
Sari. (2024). Profitability Strategy and Stock Price. Penamuda Media.
Sarumpaet, T. L., & Suhardi, A. R. (2019). Implications of Profitability, Liquidity, Leverage and MBV on Dividend Payout Ratio in Manufacturing Companies in IDX 2014-2016. International Journal of Innovation, Creativity and Change, 6(8).
Septiani, R. P., & Maulani, T. (2023). The Effect of Net Profit and Cash Flow on the Dividends of Companies in the Goods and Consumption Industry Sector Listed on the Stock Exchange for the 2018-2021 Period. BALANCING: Accountancy Journal, 3(1), 1–9. https://doi.org/10.53990/bjpsa.v3i1.255
Yuliani, R., & Widajatun, V. W. (2023). The Effect of Dividend Policy on Company Value (Case Study of Lq-45 Company). Journal of Management Research and Innovation, 1(2), 185–191. https://doi.org/10.59581/jrim-widyakarya.v1i2.950
Zubir, Z. (2020). Portfolio Management: Its Application in Stock Investing. Salemba Publisher.
Downloads
Published
2024-09-06
Issue
Section
Articles
