@mastersthesis{repoupi140160, year = {2025}, month = {August}, note = {https://scholar.google.com/citations?user=tRk8pzwAAAAJ\&hl=en\&authuser=2\&oi=sra ID SINTA Dosen Pembimbing: Maya Sari: 5984857 Toni Heryana: 5995980}, school = {Universitas Pendidikan Indonesia}, title = {PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SEKTOR TEKNOLOGI DI ASEAN-5 PERIODE 2019-2023}, abstract = {Harga saham ditentukan melalui keseimbangan antara permintaan dan penawaran di pasar modal. Faktor yang dapat mempengaruhi perubahan harga saham ini salah satunya yaitu kinerja keuangan. Kebijakan dividen yang konsisten juga dapat menjadi sinyal positif kepada investor. Penelitian ini bertujuan untuk mengeksplorasi hubungan antara kinerja keuangan (menggunakan indikator profitabilitas, likuiditas dan leverage) terhadap harga saham, serta bagaimana kebijakan dividen memoderasi hubungan tersebut. Metode penelitian yang digunakan adalah deskriptif verifikatif dengan teknik pengumpulan data berupa data sekunder dari perusahaan sektor teknologi di ASEAN-5 pada tahun 2019-2023. Hasil penelitian menunjukan bahwa profitabilitas dan leverage berpengaruh positif terhadap harga saham, namun likuiditas tidak berpengaruh terhadap harga saham. Kebijakan dividen dapat memoderasi hubungan likuiditas terhadap harga saham, namun tidak dapat memoderasi hubungan profitabilitas dan leverage terhadap harga saham. Stock prices are determined by the balance between supply and demand in the capital market. One of the factors that can influence changes in stock prices is financial performance. A consistent dividend policy can also serve as a positive signal to investors. This study aims to explore the relationship between financial performance (using indicators of profitability, liquidity, and leverage) and stock prices, as well as how dividend policy moderates this relationship. The research method used is descriptive-verificative, with data collection techniques in the form of secondary data from technology sector companies in ASEAN-5 countries during the period 2019-2023. The results show that profitability and leverage have a positive effect on stock prices, while liquidity has no significant effect. Dividend policy is found to moderate the relationship between liquidity and stock prices, but does not moderate the relationship between profitability and leverage with stock prices.}, keywords = {Kinerja Keuangan, Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen dan Harga Saham Financial Performance, Profitability, Liquidity, Leverage, Dividend Policy, and Stock Price}, author = {Nadya Salsabila, - and Maya Sari, - and Toni Heryana, -}, url = {https://repository.upi.edu/} }