Research Article
The Impact of Profitability, Dividend Policy, and Financial Leverage on Stock Price Volatility of LQ45 Index for the Period 2019 - 2023
@INPROCEEDINGS{10.4108/eai.1-8-2024.2354970, author={Lathifany Putri Naradyta and Anita Handayani}, title={The Impact of Profitability, Dividend Policy, and Financial Leverage on Stock Price Volatility of LQ45 Index for the Period 2019 - 2023}, proceedings={Proceedings of the 1st International Conference on Business Economics, Entrepreneurship, and Social Sciences, ICBEESS 2024, 1st August 2024, Gresik, East Java, Indonesia}, publisher={EAI}, proceedings_a={ICBEESS}, year={2026}, month={2}, keywords={roa dpr der stock price volatility}, doi={10.4108/eai.1-8-2024.2354970} }- Lathifany Putri Naradyta
Anita Handayani
Year: 2026
The Impact of Profitability, Dividend Policy, and Financial Leverage on Stock Price Volatility of LQ45 Index for the Period 2019 - 2023
ICBEESS
EAI
DOI: 10.4108/eai.1-8-2024.2354970
Abstract
Stock price volatility is one aspect that can influence investors in making investment decisions. This study aims to determine the effect of ROA, DPR, and DER on stock price volatility. The research was conducted on LQ45 index companies listed on the Indonesia Stock Exchange for the period 2019-2023 with a sample of 17 companies, using purposive sampling as the sampling method. The data analysis technique used is Multiple Linear Regression. Based on the results of the classical assumption tests, the data meet the requirements without significant issues. The partial test results show that ROA variable does not have a significant effect on stock price volatility. DPR variable has a significantly positive effect on stock price volatility. DER variable has a negative effect on stock price volatility. Simultaneous test results indicate that ROA, DPR, and DER variables collectively influence stock price volatility.
