PENGARUH LIKUIDITAS, PROFITABILITAS, DAN UKURAN PERUSAHAAN TERHADAP RETURN SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL INTERVENING
Abstract
This research examined the influence of liquidity, profitability and firm size
on stock return with dividend policy as an intervening variable in the
manufacturing companies listed in the Indonesian Stock Exchange period 2012-
2016. The selected samples using purposive sampling consisted of 210 samples.
The analysis tool used in this research was multiple linear regression with Eviews
8 as the analytical application.
The result obtained in this study are: 1) liquidity has not a significantly
effect on stock return, 2) profitability has a significantly positive effect on stock
return, 3) firm size has not an significantly effect on sotck return, 4) dividen policy
has an significantly negative effect on stock return, 5) dividend policy can be
intervening on the effect of liquidity ob stock return, 6) dividend policy can be
intervening on the effect of profitability on stock return, 7) dividend policy can be
intervening on the effect of firm size on stock return.