Peranan Profitabilitas dalam Memoderasi Pengaruh Struktur Modal dan Kebijakan Dividen terhadap Return Saham
DOI:
https://doi.org/10.51747/q5bc1a28Keywords:
dividend, share price , capital structureAbstract
Stock Returns are a benchmark for investor when planning future investment decisions. However, many factors influence stock return performance. The primary focus of this study is to examine capital structure and dividend policy, and their impact on stock return. This study also examines the role of profitability as moderating variable. Panel data analysis using ordinary least square (OLS) was apllied to identify the influence of capital structure and dividend policy on stock returns and the role of profitability as moderating variable. The analysis results indocate that capital structure has negative bu insignificant effect on stock returns. Dividend policy has positive but insignificant effect on stock returns. Profitablity sucessfully strengthens the influence of dividend policy on stoick returns, but fails to moderate the effect of capital structure on stock returns.
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