Erlangga, Erlan (2025) PENGARUH KEBIJAKAN DIVIDEN, BIAYA MODAL, DAN PERTUMBUHAN DIVIDEN TERHADAP HARGA SAHAM PERUSAHAAN TELEKOMUNIKASI TERDAFTAR DI BEI DIMODERASI OLEH UKURAN PERUSAHAAN. S2 thesis, Universitas Mercu Buana Jakarta - Menteng.
![[img]](https://repository.mercubuana.ac.id/style/images/fileicons/text.png) |
Text (Cover)
55121120035-Erlan Erlangga-01 Cover - Erlan Erlangga..pdf Download (348kB) |
|
Text (BAB I)
55121120035-Erlan Erlangga-02 BAB 1 - Erlan Erlangga.pdf Restricted to Registered users only Download (170kB) |
|
Text (BAB II)
55121120035-Erlan Erlangga-03 BAB 2 - Erlan Erlangga.pdf Restricted to Registered users only Download (202kB) |
|
Text (BAB IV)
55121120035-Erlan Erlangga-04 BAB 3 - Erlan Erlangga.pdf Restricted to Registered users only Download (256kB) |
|
Text (BAB III)
55121120035-Erlan Erlangga-05 BAB 4 - Erlan Erlangga.pdf Restricted to Registered users only Download (194kB) |
|
Text (BAB V)
55121120035-Erlan Erlangga-06 BAB 5 - Erlan Erlangga.pdf Restricted to Registered users only Download (159kB) |
|
Text (Daftar Pustaka)
55121120035-Erlan Erlangga-07 Daftar Pustaka - Erlan Erlangga.pdf Restricted to Registered users only Download (170kB) |
|
Text (Lampiran)
55121120035-Erlan Erlangga-08 Lampiran - Erlan Erlangga.pdf Restricted to Registered users only Download (154kB) |
Abstract
Harga saham perusahaan telekomunikasi terdaftar di BEI mengalami peningkatan pada periode 2018-2022, padahal disaat yang sama IHSG mengalami penurunan. Penelitian ini bertujuan untuk menganalisis pengaruh kebijakan dividen, biaya modal, dan pertumbuhan dividen terhadap harga saham perusahaan sub sektor telekomunikasi tercatat di Bursa Efek Indonesia pada tahun 2018-2022, yang di moderasi oleh ukuran perusahaan. Jenis penelitian yang digunakan dalam penelitian ini menggunakan teknik analisis rasio kuantitatif dengan pendekatan secara deskriptif. Sampel Penelitian ditarik dengan teknik purposive sampling. Data penelitian dikumpulkan dengan metode dokumentasi yang diperoleh dari laporan keuangan perusahaan. Analisis dilakukan dengan pendekatan Moderated Regression Analysis. Melalui analisa dividen yang dikeluarkan oleh perusahaan, weighted average cost of capital (wacc), dan growth dividen, yang moderasi oleh size perusahaan. Populasi perusahaan sub sektor telekomunikasi di Bursa Efek Indonesia pada tahun 2022 berjumlah 18. Perusahaan yang memenuhi kriteria sampel berjumlah 6 perusahaan. Hasil penelitian menunjukkan bahwa kebijakan dividen berpengaruh negatif signifikan terhadap harga saham, biaya modal dan pertumbuhan dividen tidak berpengaruh signifikan terhadap harga saham. Ukuran perusahaan berpengaruh signifikan terhadap harga saham. Ukuran perusahaan mampu memoderasi pengaruh biaya modal terhadap harga saham, ukuran perusahaan tidak mampu memoderasi pengaruh kebijakan dividen, dan pertumbuhan dividen terhadap harga saham perusahaan sub sektor Telekomunikasi di Bursa Efek Indonesia. The stock prices of telecommunications companies listed on the Indonesia Stock Exchange (IDX) increased during the 2018-2022 period, while the Jakarta Composite Index (JCI) declined. This study aims to analyze the effect of dividend policy, cost of capital, and dividend growth on the stock prices of telecommunications companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022, moderated by company size. This study employed quantitative ratio analysis with a descriptive approach. The research sample was drawn using a purposive sampling technique. Data were collected using documentation obtained from the company's financial statements. The analysis was conducted using a moderated regression analysis approach. This analysis included analysis of dividends issued by the company, weighted average cost of capital (WACC), and dividend growth, moderated by company size. The population of telecommunications companies listed on the Indonesia Stock Exchange in 2022 was 18. Six companies met the sample criteria. The results showed that dividend policy had a significant negative effect on stock prices, while cost of capital and dividend growth did not significantly affect stock prices. Company size significantly influenced stock prices. Company size is able to moderate the effect of capital costs on stock prices, company size is not able to moderate the effect of dividend policy, and dividend growth on stock prices of Telecommunications sub-sector companies on the Indonesia Stock Exchange.
| Item Type: | Thesis (S2) |
|---|---|
| NIM/NIDN Creators: | 55121120035 |
| Uncontrolled Keywords: | kebijakan dividen, biaya modal, pertumbuhan dividen, ukuran perusahaan, saham sub sektor telekomunikasi dividend policy, cost of capital, dividend growth, company size, telecommunications sub-sector stocks |
| Subjects: | 600 Technology/Teknologi > 650 Management, Public Relations, Business and Auxiliary Service/Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan > 650.1-650.9 Standard Subdivisions of Management, Public Relations, Business and Auxiliary Service/Subdivisi Standar Dari Manajemen, Hubungan Masyarakat, Bisnis dan Ilmu yang Berkaitan |
| Divisions: | Pascasarjana > Magister Manajemen |
| Depositing User: | ZAIRA ELVISIA |
| Date Deposited: | 08 Jan 2026 02:10 |
| Last Modified: | 08 Jan 2026 02:10 |
| URI: | http://repository.mercubuana.ac.id/id/eprint/100500 |
Actions (login required)
 |
View Item |
