The Influence of Liquidity and Leverage on Company Stock Prices With Dividend Policy As Moderating Variable Leni Yuliyanti, Lili Adi Wibowo
School of Postgraduates,
Universitas Pendidikan Indonesia
Bandung, Jawa Barat, Indonesia 40154
Abstract
The purpose of this study was to determine the effect of liquidity, leverage on stock prices with dividend policy as a moderating variable. This research uses descriptive verification method. The population in this study are telecommunication subsector companies listed on the Indonesia Stock Exchange for the period 2011-2018, 5 companies sample is obtained with purposive sampling technique. The data used is sourced from the 2011-2018 financial statements. The analysis technique uses MRA analysis. The results showed that liquidity and leverage had a positive effect on stock prices. Leverage has a positive effect on the company. And dividend policy moderates liquidity and leverage on stock prices. This shows that dividend policy is a positive signal that is responded to by investors so that it can be used as a company strategy in increasing company value through stock prices
