eprintid: 140160 rev_number: 79 eprint_status: archive userid: 217703 dir: disk0/00/14/01/60 datestamp: 2025-10-21 01:52:33 lastmod: 2025-10-22 03:50:20 status_changed: 2025-10-21 01:52:33 type: thesis metadata_visibility: show creators_name: Nadya Salsabila, - creators_name: Maya Sari, - creators_name: Toni Heryana, - creators_nim: NIM2313422 creators_nim: NIDN0005077103 creators_nim: NIDN0027067805 creators_id: dyasalsabila@upi.edu creators_id: mayasari@upi.edu creators_id: toni.heryana@upi.edu contributors_type: http://www.loc.gov/loc.terms/relators/THS contributors_type: http://www.loc.gov/loc.terms/relators/THS contributors_name: Maya Sari, - contributors_name: Toni Heryana, - contributors_nidn: NIDN0005077103 contributors_nidn: NIDN0027067805 contributors_id: mayasari@upi.edu contributors_id: toni.heryana@upi.edu title: PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SEKTOR TEKNOLOGI DI ASEAN-5 PERIODE 2019-2023 ispublished: pub subjects: HB subjects: HD28 subjects: HG divisions: MANAJ_S2 full_text_status: restricted keywords: Kinerja Keuangan, Profitabilitas, Likuiditas, Leverage, Kebijakan Dividen dan Harga Saham Financial Performance, Profitability, Liquidity, Leverage, Dividend Policy, and Stock Price note: https://scholar.google.com/citations?user=tRk8pzwAAAAJ&hl=en&authuser=2&oi=sra ID SINTA Dosen Pembimbing: Maya Sari: 5984857 Toni Heryana: 5995980 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. date: 2025-08-28 date_type: published institution: Universitas Pendidikan Indonesia department: KODEPRODI61105#Manajemen_S2 thesis_type: masters thesis_name: mphil official_url: https://repository.upi.edu/ related_url_url: https://perpustakaan.upi.edu/ related_url_type: org citation: Nadya Salsabila, - and Maya Sari, - and Toni Heryana, - (2025) PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM DENGAN KEBIJAKAN DIVIDEN SEBAGAI VARIABEL MODERASI PADA PERUSAHAAN SEKTOR TEKNOLOGI DI ASEAN-5 PERIODE 2019-2023. S2 thesis, Universitas Pendidikan Indonesia. document_url: http://repository.upi.edu/140160/10/T_MM_2313422_Title.pdf document_url: http://repository.upi.edu/140160/2/T_MM_2313422_Chapter1.pdf document_url: http://repository.upi.edu/140160/3/T_MM_2313422_Chapter2.pdf document_url: http://repository.upi.edu/140160/5/T_MM_2313422_Chapter3.pdf document_url: http://repository.upi.edu/140160/7/T_MM_2313422_Chapter4.pdf document_url: http://repository.upi.edu/140160/4/T_MM_2313422_Chapter5.pdf document_url: http://repository.upi.edu/140160/8/T_MM_2313422_Chapter6.pdf document_url: http://repository.upi.edu/140160/9/T_MM_2313422_Appendix.pdf