The Impact of Earnings Per Share, Dividend Payout Ratio, BI Rate, and Inflation on Stock Price Volatility
Keywords:
Earnings Per Share, Dividend Payout Ratio, BI Rate, Inflation, Stock Price VolatilityAbstract
This research aims to provide empirical evidence on the influence of
Earnings Per Share (EPS), Dividend Payout Ratio, BI Rate, and
Inflation on Stock Price Volatility. The study focuses on companies
listed in the Kompas 100 Index on the Indonesian Stock Exchange
(IDX) during the 2018-2022 period. A total of 120 observations were
obtained from 24 companies selected using the purposive sampling
method, with a five-year observation period. The data analysis
technique employed in this research is multiple linear regression
analysis. The results indicate that Earnings Per Share and Inflation
negatively affect stock price volatility, while the BI Rate has a
positive effect. The Dividend Payout Ratio, however, shows no
significant impact on stock price volatility. These findings support
the validity of signaling theory in explaining the effects of EPS, the
BI Rate, and Inflation on stock price volatility.
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