Inflation as a Moderating Variable on Stock Price Volatility: Earnings Volatility, Asset Growth, and Dividend Policy

Authors

  • Ucci Eka Sandra Universitas Putra Indonesia YPTK
  • Sigit Sanjaya Universitas Putra Indonesia YPTK Padang
  • Hilda Mary Universitas Putra Indonesia YPTK Padang

Keywords:

Inflation, Stock Volatility, Earning Volatility, Asset Growth, Dividend Policy

Abstract

The research aims to discover the inflation as a moderating variable on stock price volatility: earnings volatility,
asset growth, and dividend policy. earnings volatility, asset growth, and dividend policy are used as independent variables
and stock price volatility are used as dependent variables. Inflation as moderating variable. This research was conducted at
manufacturing firms listed in Indonesia Stock Exchange (IDX) during 2016-2020. Data obtained by accessing the Indonesia
Stock Exchange’s website. The samples in this research used the purposive sampling method so that from 193 populations
to get a sample size 38 companies. Data in this research were analyzed with panel data analysis techniques.
The result of this research indicate that the asset growth has positif and significant effect partially on stock price
volatility, while earnings volatility and dividend policy does’nt have significant effect partially on stock price volatility.
Earnings volatility, asset growth and dividend policy that are moderated by inflation does’nt have significant effect on stock
price volatility.

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Published

2022-06-03

How to Cite

Sandra, U. E., Sanjaya, S., & Mary, H. (2022). Inflation as a Moderating Variable on Stock Price Volatility: Earnings Volatility, Asset Growth, and Dividend Policy. UPI YPTK Journal of Business and Economics, 7(2). Retrieved from https://jbe-upiyptk.org/ojs/index.php/jbe/article/view/169

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