The Effect of Dividend Policy on Stock Prices of Manufacturing Companies in the Automotive Industry Listed on the Indonesia Stock Exchange (IDX) for the Period 2018–2022

Abstract

The objective of this study is to examine and explain the effect of dividend policy on stock prices in manufacturing companies in the automotive industry listed on the Indonesia Stock Exchange (IDX) during the 2018–2022 period. The population of this study consists of 17 manufacturing companies in the automotive industry from 2018 to 2022. Sampling in this study used purposive sampling, which involves selecting samples based on specific criteria; 9 companies were selected over the 5-year period, resulting in 45 observations. This study employed regression analysis using the EViews 12 software. The independent variable in this study is dividend policy, and the dependent variable is stock price. The results of this study indicate that the dividend policy variable has an effect on stock prices.