Pengaruh Kebijakan Dividen terhadap Trading Volume Activity pada Sektor Perbankan di Bursa Efek Indonesia
Main Article Content
Abstract
This study aims to analyze the effect of dividend policy on Trading Volume Activity (TVA) in the banking sector listed on the Indonesia Stock Exchange. The background of this research lies in the fact that the banking sector has the highest transaction value and that dividend policy is considered a signal of a company's prospects, which can influence stock trading activity. This research employs a quantitative approach using secondary data analysis obtained from financial statements and stock trading data of ten banks during the 2022–2024 period. Dividend policy is proxied by the Dividend Payout Ratio (DPR) as the independent variable, while Trading Volume Activity (TVA) serves as the dependent variable. The analytical technique used is panel data regression. The results show that DPR has a positive and significant effect on Trading Volume Activity (TVA). The higher the dividend paid, the greater the trading activity of the bank’s stock. These findings suggest that dividend announcements play an important role in investor decision-making and market responses within the banking sector.
Downloads
Article Details
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
References
Amalia, D. R. (2022). Analisis Pengaruh Audit Report Lag, Leverage dan Ukuran Perusahaan Terhadap Volatilitas Harga Saham Pada Perusahaan Subsektor Hotel, Restoran dan Pariwisata yang terdaftar di BEI Tahun 2016-2020. Jurnal Ilmiah Wahana Akuntansi. https://doi.org/10.21009/wahana-akuntansi/17.013
Cahyawati, R. P., & Miftah, M. (2022). Pengaruh Volatilitas Laba, Kebijakan Dividen, dan Leverage Terhadap Volatilitas Harga Saham IDX30. Jurnal Riset Akuntansi dan Keuangan Vol, 10(3).
Dzulfikar, D. (2023). Pengaruh Kebijakan Dividen Terhadap Volatilitas Harga Saham Pada Sektor Finansial Tahun 2022. Jurnal Ekonomi Trisakti, 3(2), 3341-3348.
Gordon, M. J. (1963). Optimal investment and financing policy. The Journal of Finance, 18(2), 264–272. https://doi.org/10.2307/2977907
Huda, A., & Diana, N. (2019). Pengaruh Indeks Harga Saham, Return Saham, Inflasi, Kebijakan Dividen dan Tingkat Suku Bunga Terhadap Volume Perdagangan Saham Perusahaan. (Studi Empiris pada Perusahaan Indeks LQ45 yang Go Public di BEI Periode 2014-2017). E-JRA, 8.
Ipotnews. (2024, March). Kenaikan Harga Saham BBRI dan BBCA Masih Berpeluang Berlanjut. https://www.ipotnews.com/ipotnews/newsDetail.php?group_news=IPOTNEWS&halaman=1&jdl=Kenaikan_Harga_Saham_BBRI_dan_BBCA_Masih_Berpeluang_Berlanjut&name=&news_id=178286&q=%2C&search=y_general&taging_subtype=PG002&utm_source
Kamal, M. F., & Apriani, R. (2022). Pengaruh Perkembangan Teknologi Di Era Digital Terhadap Investasi Dan Pasar Modal. Jurnal Ilmu Hukum Dan Humaniora, 9(1).
Lintner, J. (1962). Dividends, earnings, leverage, stock prices and the supply of capital to corporations. The Review of Economics and Statistics, 44(3), 243–269. https://doi.org/10.2307/1926397
Musadat, I. A., Pramayuda, A., & Ningrum, R. W. (2025). Analsisis Dividend Payout Ratio Bank BUMN Indonesia Tahun 2013-2023. Jurnal Accounting Information System (AIMS), 8(1), 71-75.
Rizki, A., & Sudarsono, B. (2023). Measuring Reaction Dividend Announcement to Trading Volume Activity in Companies Listed in IDXHIDIV20 Index. Eco-Entrepreneur, 9(1), 13–25
Saragih, A. E. (2019). Event Study: Reaksi Pasar Terhadap Pengumuman Dividen Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Afni Eliana Saragih. JRAK, 5(1).
Rauf, D. I. ., Muhammad, A. F. ., J.A, D. F., Fitri, N. ., Kartika, A. ., & Sebrina G, A. S. . (2023). The Effect of Company Size and Earnings Management On Corporate Social Responsibility (CSR) In Manufacturing Companies Listed On The Indonesia Stock Exchange For The 2017-2019 Period. Economics and Digital Business Review, 4(2), 132–136. https://doi.org/10.37531/ecotal.v4i2.901
Sofyamitha, R. N., & Susilo, D. E. (2024). The Influence of Business Risk and Corporate Governance on Share Prices with Moderating Variables Dividend Policy in Banking Companies Listed on the Indonesian Stock Exchange in 2021-2023. Journal of Social Science Utilizing Technology, 2(4), 574-583.
Utami, V. W., & Kartika, R. (2020). Investasi Saham pada Sektor Perbankan adalah Pilihan yang Tepat Bagi Investor di Pasar Modal. Jurnal Sains Sosio Humaniora, 4.
Yanida, M., & Agustinawati, N. P. (2023). Pengaruh Dividend Payout Ratio Dan Informasi Arus Kas Terhadap Volume Perdagangan Saham Pada Perusahaan Perbankan Di Bursa Efek Indonesia. Jurnal EK&BI, 6, 2620–7443.