Kinerja Keuangan dan Ukuran Perusahaan terhadap Harga Saham dengan Kebijakan Dividen sebagai Variabel Intervening

Abstract

This was research conducted to examine the effect of the leverage ratio, activity ratio, and size firmon stock price with dividend policy as a mediating variable the companies listed in Indonesia StockExchange 2012-2014. This research has a total number of samples 141 samples and using purposivesampling with criteria declare a dividend payout for 3 consecutive years, and the debt toequity ratio, total asset turnover, which is positive. The first result is total asset turnover, Ln_totalasset have positive effect on dividend payout ratio, and debt to equity don\u27t have positive effect ondividend payout ratio. The second result is total asset turnover, Ln_total assets, and dividendpayout ratio have positive effect on Ln_stock prices and debt to equity don\u27t have positive effect onLn_stock prices. Test results mediating dividend payout ratio is not provenmediates the relationshipdebt to equity, total asset turn over, and Ln_total asset on Ln_stock prices. The result of thisresearch proves that there is no influence of dividend policy in relation of financial performance tostock price