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Proceedings of the 6th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2023, 13-14 September 2023, Bandar Lampung, Indonesia

Research Article

The Effect of Dividend Changes on Stock Returns with Company Size as a Moderating Variable in Development and Acceleration Board Companies

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  • @INPROCEEDINGS{10.4108/eai.13-9-2023.2341103,
        author={Sang Putra Fajar and Ernie  Hendrawaty},
        title={The Effect of Dividend Changes on Stock Returns with Company Size as a Moderating Variable in Development and Acceleration Board Companies},
        proceedings={Proceedings of the 6th International Conference of Economics, Business, and Entrepreneurship, ICEBE 2023, 13-14 September 2023, Bandar Lampung, Indonesia},
        publisher={EAI},
        proceedings_a={ICEBE},
        year={2023},
        month={12},
        keywords={dividend changes stock return firm size papan pengembangan papan  akselerasi},
        doi={10.4108/eai.13-9-2023.2341103}
    }
    
  • Sang Putra Fajar
    Ernie Hendrawaty
    Year: 2023
    The Effect of Dividend Changes on Stock Returns with Company Size as a Moderating Variable in Development and Acceleration Board Companies
    ICEBE
    EAI
    DOI: 10.4108/eai.13-9-2023.2341103
Sang Putra Fajar1,*, Ernie Hendrawaty1
  • 1: Universitas Lampung
*Contact email: sangputrafajar123@gmail.com

Abstract

An increase or decrease in a company's dividend can provide a positive or negative signal so that the market will react to fluctuations in stock prices. This research aims to determine the effect of changes in dividends on stock returns by using firm size as a moderating variable. The theory used is signal theory and uses purposive sampling in determining research objects based on Indonesian Stock Exchange (IDX) regulations regarding the classification of companies into Pengembangan and Akselerasi listing boards for the 2019-2022 period. The test uses multiple regression analysis with the results showing that changes in dividends have no effect on stock returns with the presence of firm size as a moderating variable

Keywords
dividend changes stock return firm size papan pengembangan papan akselerasi
Published
2023-12-12
Publisher
EAI
http://dx.doi.org/10.4108/eai.13-9-2023.2341103
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