Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia
Abstract. This research aims to examine the effect of dividend policy, micro variables, and macroeconomic on stock price volatility. The population in this research are companies in the financial sector listed at Indonesia Stock Exchange and Malaysia Stock Exchange in 2016-2017. Several sample that...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Institut Teknologi Bandung
2019-12-01
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| Series: | Asian Journal of Technology Management |
| Subjects: | |
| Online Access: | https://journal.sbm.itb.ac.id/index.php/ajtm/article/view/2811 |
| _version_ | 1818158867950862336 |
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| author | Vega Rut Harlina, Moh. Khoiruddin |
| author_facet | Vega Rut Harlina, Moh. Khoiruddin |
| author_sort | Vega Rut Harlina, |
| collection | DOAJ |
| description | Abstract. This research aims to examine the effect of dividend policy, micro variables, and macroeconomic on stock price volatility. The population in this research are companies in the financial sector listed at Indonesia Stock Exchange and Malaysia Stock Exchange in 2016-2017. Several sample that used is 58 companies for Indonesia and 28 companies for Malaysia with purposive sampling method. Dividend policy is proxied by EPS, the micro variable is proxied by GA and EV, and the macro variable is proxied by exchange rates and interest rates. The analytical method used is CEM and REM with programs Eviews 9. This research concludes that in Indonesia EPS, exchange rates and interest rates affects SPV. While in Malaysia, only EPS and exchange rates affects SPV.
Keywords: Dividend policy, macro and micro variable, stock price volatility |
| first_indexed | 2024-12-11T15:36:55Z |
| format | Article |
| id | doaj.art-a2d1c0812e8d48709cd0850e75a5c4fd |
| institution | Directory Open Access Journal |
| issn | 1978-6956 2089-791X |
| language | English |
| last_indexed | 2024-12-11T15:36:55Z |
| publishDate | 2019-12-01 |
| publisher | Institut Teknologi Bandung |
| record_format | Article |
| series | Asian Journal of Technology Management |
| spelling | doaj.art-a2d1c0812e8d48709cd0850e75a5c4fd2022-12-22T00:59:54ZengInstitut Teknologi BandungAsian Journal of Technology Management1978-69562089-791X2019-12-0112319120310.12695/ajtm.2019.12.3.3Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and MalaysiaVega Rut Harlina,0Moh. Khoiruddin1Management Department, Universitas Negeri Semarang, Semarang, IndonesiaManagement Department, Universitas Negeri Semarang, Semarang, IndonesiaAbstract. This research aims to examine the effect of dividend policy, micro variables, and macroeconomic on stock price volatility. The population in this research are companies in the financial sector listed at Indonesia Stock Exchange and Malaysia Stock Exchange in 2016-2017. Several sample that used is 58 companies for Indonesia and 28 companies for Malaysia with purposive sampling method. Dividend policy is proxied by EPS, the micro variable is proxied by GA and EV, and the macro variable is proxied by exchange rates and interest rates. The analytical method used is CEM and REM with programs Eviews 9. This research concludes that in Indonesia EPS, exchange rates and interest rates affects SPV. While in Malaysia, only EPS and exchange rates affects SPV. Keywords: Dividend policy, macro and micro variable, stock price volatilityhttps://journal.sbm.itb.ac.id/index.php/ajtm/article/view/2811dividend policymacro and micro variablestock price volatility |
| spellingShingle | Vega Rut Harlina, Moh. Khoiruddin Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia Asian Journal of Technology Management dividend policy macro and micro variable stock price volatility |
| title | Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia |
| title_full | Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia |
| title_fullStr | Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia |
| title_full_unstemmed | Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia |
| title_short | Dividend Policy and Economic Variable to Stock Price Volatility: Comparison of Indonesia and Malaysia |
| title_sort | dividend policy and economic variable to stock price volatility comparison of indonesia and malaysia |
| topic | dividend policy macro and micro variable stock price volatility |
| url | https://journal.sbm.itb.ac.id/index.php/ajtm/article/view/2811 |
| work_keys_str_mv | AT vegarutharlina dividendpolicyandeconomicvariabletostockpricevolatilitycomparisonofindonesiaandmalaysia AT mohkhoiruddin dividendpolicyandeconomicvariabletostockpricevolatilitycomparisonofindonesiaandmalaysia |