The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable
The objective of this study is to gather empirical data regarding the impact of management ownership and capital structure on stock returns, with dividend policy acting as an intervening factor. This study employs quantitative methodologies. The study focuses on the consumer products industrial sect...
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| Format: | Article |
| Language: | English |
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Indonesian Institute for Counseling, Education and Therapy (IICET)
2024-10-01
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| Series: | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| Subjects: | |
| Online Access: | https://jurnal.iicet.org/index.php/jppi/article/view/3246 |
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| author | R. Dian Wirdiansyah Agus Munandar |
| author_facet | R. Dian Wirdiansyah Agus Munandar |
| author_sort | R. Dian Wirdiansyah |
| collection | DOAJ |
| description | The objective of this study is to gather empirical data regarding the impact of management ownership and capital structure on stock returns, with dividend policy acting as an intervening factor. This study employs quantitative methodologies. The study focuses on the consumer products industrial sector listed on the Indonesia Stock Exchange for the period of 2020-2021. A subset of 25 organizations was chosen using the Purposive sampling approach, which adheres to specific criteria. This study demonstrates that the ownership of insiders has an impact on the structure of capital and, consequently, on the policy regarding the distribution of dividends. Stock returns are influenced by managerial ownership and dividend policy, but capital structure does not have an impact on stock returns. Furthermore, the outcome of the Sobel test demonstrates that dividend policy does not have the capability to moderate the impact of managerial ownership and capital structure on stock returns. |
| format | Article |
| id | doaj-art-d2dc42542850427797a830d9c88da3c4 |
| institution | Kabale University |
| issn | 2477-8524 2502-8103 |
| language | English |
| publishDate | 2024-10-01 |
| publisher | Indonesian Institute for Counseling, Education and Therapy (IICET) |
| record_format | Article |
| series | JPPI (Jurnal Penelitian Pendidikan Indonesia) |
| spelling | doaj-art-d2dc42542850427797a830d9c88da3c42025-01-27T12:46:14ZengIndonesian Institute for Counseling, Education and Therapy (IICET)JPPI (Jurnal Penelitian Pendidikan Indonesia)2477-85242502-81032024-10-01104434810.29210/0202432462260The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variableR. Dian Wirdiansyah0Agus Munandar1Universitas Esa UnggulUniversitas Esa UnggulThe objective of this study is to gather empirical data regarding the impact of management ownership and capital structure on stock returns, with dividend policy acting as an intervening factor. This study employs quantitative methodologies. The study focuses on the consumer products industrial sector listed on the Indonesia Stock Exchange for the period of 2020-2021. A subset of 25 organizations was chosen using the Purposive sampling approach, which adheres to specific criteria. This study demonstrates that the ownership of insiders has an impact on the structure of capital and, consequently, on the policy regarding the distribution of dividends. Stock returns are influenced by managerial ownership and dividend policy, but capital structure does not have an impact on stock returns. Furthermore, the outcome of the Sobel test demonstrates that dividend policy does not have the capability to moderate the impact of managerial ownership and capital structure on stock returns.https://jurnal.iicet.org/index.php/jppi/article/view/3246managerial ownership, capital structure, stock return, dividend policy |
| spellingShingle | R. Dian Wirdiansyah Agus Munandar The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable JPPI (Jurnal Penelitian Pendidikan Indonesia) managerial ownership, capital structure, stock return, dividend policy |
| title | The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| title_full | The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| title_fullStr | The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| title_full_unstemmed | The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| title_short | The effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| title_sort | effect of managerial ownership and capital structure on stock returns with dividend policy as an intervening variable |
| topic | managerial ownership, capital structure, stock return, dividend policy |
| url | https://jurnal.iicet.org/index.php/jppi/article/view/3246 |
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