The Role of Dividend Policy in Inventing the Effect of Accounting Profit, Cash Flow, Operation and Corporate Size on the Price of Closing Stock

Basic and Applied Accounting Research Journal Pub Date : 2021-06-30 DOI:10.11594/baarj.01.01.01

M. Awaluddin, Febriani Setijawan, Rulyanti Susi Wardhani, Muh. Akil Rahman

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引用次数: 2

Abstract

This study aims to determine the effect of accounting profit, operating cash flow and company size on the closing price of shares through dividend policy on consumer goods industry companies on the Indonesia Stock Exchange. This research uses quantitative methods and types of explanatory research, with 2016-2018 observation years in 17 company samples. The results showed (1) Accounting profit and operating cash flow had a positive and significant effect on dividend policy, while the size of the company had no influence on dividend policy. (2) Accounting profit and operating cash flow have no effect on the closing price of shares, while the size of the company has a positive and significant effect on the closing price of shares. (3) Dividend policy has a positive and significant effect on the closing price of shares. (4) There is no indirect effect of dividend policy in mediating accounting profit and operating cash flow on the closing price of shares, but there is an indirect effect of dividend policy in mediating company size on the closing price of shares

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股利政策在会计利润、现金流、经营和公司规模对收盘价影响中的作用

本研究旨在通过印尼证券交易所消费品行业公司的股利政策，确定会计利润、经营性现金流和公司规模对股票收盘价的影响。本研究采用定量方法和类型解释研究，2016-2018年观察17家公司样本。结果表明:(1)会计利润和经营性现金流对股利政策有显著的正向影响，而公司规模对股利政策没有影响。(2)会计利润和经营性现金流量对股票收盘价没有影响，而公司规模对股票收盘价有显著的正向影响。(3)股利政策对股票收盘价有显著的正向影响。(4)股利政策中介会计利润和经营性现金流量对股票收盘价没有间接影响，但股利政策中介公司规模对股票收盘价有间接影响

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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Basic and Applied Accounting Research Journal

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