Dividend Policy as a Mediation of The Effect of Profitability and Debt Policy on Stock Prices in Manufacturing Companies on The Indonesia Stock Exchange (IDX) in 2019-2024
DOI:
https://doi.org/10.33633/icbeat.v1i1.17432Keywords:
Return on Equity, Debt to Equity Ratio, Dividend Payout Ratio, Stock Price, Manufacturing Company.Abstract
The manufacturing sector is important to Indonesia's economy and attracts many investors. This study examines the effect of Return on Equity (ROE) and Debt to Equity Ratio (DER) on stock prices, with the Dividend Payout Ratio (DPR) as a mediating variable, using data from 34 manufacturing companies listed on the Indonesia Stock Exchange during 2019–2024. The results show that ROE positively affects stock prices and DPR, while DER significantly affects stock prices and negatively affects DPR. However, DPR does not significantly affect stock prices and cannot mediate the relationship between ROE, DER, and stock prices. Overall, stock prices are influenced more directly by profitability and capital structure than by dividend policy.
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Published
2026-09-08
How to Cite
Subardi, M. A. H., Safitri, M., Oktavia, V., & Zakaria, F. (2026). Dividend Policy as a Mediation of The Effect of Profitability and Debt Policy on Stock Prices in Manufacturing Companies on The Indonesia Stock Exchange (IDX) in 2019-2024. International Conference on Business, Economics, Accounting, and Technology, 1(1), 227–240. https://doi.org/10.33633/icbeat.v1i1.17432
