Willim, Carlsean Alberth (2025) The effect of profitability and sustainability report toward stock price on property and real estate companies listed in the Indonesia Stock Exchange with dividend policy as moderating variable. Bachelor thesis, Universitas Pelita Harapan.
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Abstract
There are various stock issues that can arise, such as those in the property
and real estate sectors, where some companies experience continuous stock price
declines year after year. On the other side, the decline in stock prices can still occur
even though the government has launched a program to build 3 million houses due
to various economic and market factors that influence investor sentiment.
Moreover, if the demand for property does not increase in line with the growing
supply, the property and construction sectors may face pressure, affecting the
company’s industry. This paper tries to find out factor that contribute to set up the
price of the stock such as dividend policy, profitability and sustainability report.
In this research, the population comprises all 24 Property and Real Estate
sector companies listed on the Indonesian Stock Exchange. Purposive sampling was
employed, guided by the following criteria Property and Real Estate sector
companies listed on the Indonesia Stock Exchange in 2021-2023. Property and Real
Estate sector companies Do Not Publish Complete Financial Statement on IDX for
the period 2021-2023. Property and Real Estate sector companies Do Not Use
Rupiah Currency in their financial reports from 2021-2023.
The results indicate that profitability has a significant positive effect on
stock prices, while the sustainability report has a significant negative effect.
Dividend payout also positively influences stock prices. Furthermore, the
interaction between profitability and the moderating variable significantly enhances
stock prices. In contrast, the interaction between sustainability reporting and the
moderating variable does not show a significant effect./ Terdapat berbagai permasalahan saham yang dapat muncul, seperti di
sektor properti dan real estat, di mana beberapa perusahaan mengalami penurunan
harga saham secara terus-menerus dari tahun ke tahun. Di sisi lain, penurunan
harga saham tetap dapat terjadi meskipun pemerintah telah meluncurkan program
pembangunan 3 juta rumah, karena berbagai faktor ekonomi dan pasar yang
memengaruhi sentimen investor. Selain itu, jika permintaan terhadap properti tidak
meningkat seiring dengan pertumbuhan pasokan, maka sektor properti dan
konstruksi dapat menghadapi tekanan yang berdampak pada industri perusahaan
tersebut. Penelitian ini berupaya untuk mengetahui faktor-faktor yang
memengaruhi penetapan harga saham seperti kebijakan dividen, profitabilitas, dan
laporan keberlanjutan.
Dalam penelitian ini, populasi terdiri dari seluruh 24 perusahaan sektor
Properti dan Real Estat yang terdaftar di Bursa Efek Indonesia. Teknik purposive
sampling digunakan dengan kriteria sebagai berikut: perusahaan sektor Properti
dan Real Estat yang terdaftar di Bursa Efek Indonesia pada tahun 2021–2023;
perusahaan yang tidak mempublikasikan laporan keuangan lengkap di IDX untuk
periode 2021–2023; dan perusahaan yang tidak menggunakan mata uang Rupiah
dalam laporan keuangannya dari tahun 2021–2023.
Hasil penelitian menunjukkan bahwa profitabilitas berpengaruh positif
signifikan terhadap harga saham, sementara laporan keberlanjutan berpengaruh
negatif signifikan. Kebijakan dividen juga berpengaruh positif terhadap harga
saham. Selanjutnya, interaksi antara profitabilitas dan variabel moderator secara
signifikan meningkatkan harga saham. Sebaliknya, interaksi antara laporan
keberlanjutan dan variabel moderator tidak menunjukkan pengaruh yang
signifikan.
Item Type: | Thesis (Bachelor) |
---|---|
Creators: | Creators NIM Email ORCID Willim, Carlsean Alberth NIM03012210022 carlsean2289@gmail.com UNSPECIFIED |
Contributors: | Contribution Contributors NIDN/NIDK Email Thesis advisor Kacaribu, Anton Adventus NIDN0305127606 UNSPECIFIED |
Uncontrolled Keywords: | Profitability; Sustainability Report; Dividend Policy; Stock Price |
Subjects: | H Social Sciences > HF Commerce H Social Sciences > HF Commerce > HF5601 Accounting |
Depositing User: | Carlsean Alberth Willim |
Date Deposited: | 28 Jul 2025 01:26 |
Last Modified: | 28 Jul 2025 01:26 |
URI: | http://repository.uph.edu/id/eprint/70022 |