{"id":"https://openalex.org/W7159834412","doi":"https://doi.org/10.5281/zenodo.19972341","title":"ANALYSIS OF THE INFLUENCE OF DIVIDEND POLICY ON STOCK VOLATILITY OF MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE","display_name":"ANALYSIS OF THE INFLUENCE OF DIVIDEND POLICY ON STOCK VOLATILITY OF MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE","publication_year":2026,"publication_date":"2026-04-28","ids":{"openalex":"https://openalex.org/W7159834412","doi":"https://doi.org/10.5281/zenodo.19972341"},"language":"en","primary_location":{"id":"pmh:oai:ojs2.radjapublika.com:article/5513","doi":null,"is_oa":true,"landing_page_url":"https://radjapublika.com/index.php/IJEBAS/article/view/5513","pdf_url":"https://radjapublika.com/index.php/IJEBAS/article/download/5513/4449","source":{"id":"https://openalex.org/S4210197862","display_name":"International Journal of Economic Business Accounting Agriculture Management and Sharia Administration (IJEBAS)","issn_l":"2808-4713","issn":["2808-4713"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2808-4713","raw_type":"info:eu-repo/semantics/article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["datacite"],"open_access":{"is_oa":true,"oa_status":"diamond","oa_url":"https://radjapublika.com/index.php/IJEBAS/article/download/5513/4449","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5114492407","display_name":"Andi Izatul Fiddah","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273832","display_name":"Universitas Patompo","ror":"https://ror.org/00jb4c896","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405273832"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Andi Izatul Fiddah","raw_affiliation_strings":["Universitas Patompo Makassar"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Patompo Makassar","institution_ids":["https://openalex.org/I4405273832"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5135034669","display_name":"Amraeni","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273832","display_name":"Universitas Patompo","ror":"https://ror.org/00jb4c896","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405273832"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Amraeni","raw_affiliation_strings":["Universitas Patompo Makassar"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Patompo Makassar","institution_ids":["https://openalex.org/I4405273832"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5053323450","display_name":"Nursinah Amrullah","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273832","display_name":"Universitas Patompo","ror":"https://ror.org/00jb4c896","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405273832"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Nursinah Amrullah","raw_affiliation_strings":["Universitas Patompo Makassar"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Patompo Makassar","institution_ids":["https://openalex.org/I4405273832"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5106592076","display_name":"Ririn Mardhani Syakur","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I4405273832","display_name":"Universitas Patompo","ror":"https://ror.org/00jb4c896","country_code":"ID","type":"education","lineage":["https://openalex.org/I4405273832"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Ririn Mardhani Syakur","raw_affiliation_strings":["Universitas Patompo Makassar"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Patompo Makassar","institution_ids":["https://openalex.org/I4405273832"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I4405273832"],"apc_list":null,"apc_paid":null,"fwci":0.0,"has_fulltext":true,"cited_by_count":0,"citation_normalized_percentile":{"value":0.17000506,"is_in_top_1_percent":false,"is_in_top_10_percent":false},"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6596999764442444,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.6596999764442444,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T12123","display_name":"Financial Analysis and Corporate Governance","score":0.2890999913215637,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10047","display_name":"Financial Markets and Investment Strategies","score":0.02290000021457672,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/dividend-policy","display_name":"dividend policy","score":0.9980000257492065},{"id":"https://openalex.org/keywords/dividend-payout-ratio","display_name":"dividend payout ratio","score":0.8859999775886536},{"id":"https://openalex.org/keywords/dividend-yield","display_name":"dividend yield","score":0.9990000128746033},{"id":"https://openalex.org/keywords/stock-price-volatility","display_name":"stock price volatility","score":0.9919999837875366},{"id":"https://openalex.org/keywords/inflation","display_name":"inflation","score":0.652999997138977},{"id":"https://openalex.org/keywords/moderating-effect","display_name":"moderating effect","score":0.8159999847412109},{"id":"https://openalex.org/keywords/manufacturing-firms","display_name":"manufacturing companies","score":0.996999979019165},{"id":"https://openalex.org/keywords/indonesia-stock-exchange","display_name":"Indonesia Stock Exchange","score":0.996999979019165}],"concepts":[{"id":"https://openalex.org/C200870193","wikidata":"https://www.wikidata.org/wiki/Q11691","display_name":"Stock exchange","level":2,"score":0.7901999950408936},{"id":"https://openalex.org/C125889939","wikidata":"https://www.wikidata.org/wiki/Q2294672","display_name":"Dividend payout ratio","level":4,"score":0.7491000294685364},{"id":"https://openalex.org/C184530449","wikidata":"https://www.wikidata.org/wiki/Q2706107","display_name":"Dividend yield","level":4,"score":0.6227999925613403},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.5814999938011169},{"id":"https://openalex.org/C59399099","wikidata":"https://www.wikidata.org/wiki/Q5284040","display_name":"Dividend policy","level":3,"score":0.5562999844551086},{"id":"https://openalex.org/C116168712","wikidata":"https://www.wikidata.org/wiki/Q181201","display_name":"Dividend","level":2,"score":0.5049999952316284},{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.4957999885082245},{"id":"https://openalex.org/C204036174","wikidata":"https://www.wikidata.org/wiki/Q909380","display_name":"Stock (firearms)","level":2,"score":0.48890000581741333},{"id":"https://openalex.org/C100363876","wikidata":"https://www.wikidata.org/wiki/Q690661","display_name":"Nonprobability sampling","level":3,"score":0.47780001163482666},{"id":"https://openalex.org/C91602232","wikidata":"https://www.wikidata.org/wiki/Q756115","display_name":"Volatility (finance)","level":2,"score":0.42660000920295715},{"id":"https://openalex.org/C47143671","wikidata":"https://www.wikidata.org/wiki/Q1450203","display_name":"Cost price","level":4,"score":0.36500000953674316},{"id":"https://openalex.org/C175700187","wikidata":"https://www.wikidata.org/wiki/Q187939","display_name":"Manufacturing","level":2,"score":0.35749998688697815},{"id":"https://openalex.org/C2988984586","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Stock price","level":3,"score":0.3434000015258789},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.33399999141693115},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.32010000944137573},{"id":"https://openalex.org/C106159729","wikidata":"https://www.wikidata.org/wiki/Q2294553","display_name":"Financial economics","level":1,"score":0.313400000333786},{"id":"https://openalex.org/C18991353","wikidata":"https://www.wikidata.org/wiki/Q1137319","display_name":"Market maker","level":4,"score":0.28200000524520874},{"id":"https://openalex.org/C143591128","wikidata":"https://www.wikidata.org/wiki/Q1746791","display_name":"Growth stock","level":5,"score":0.2732999920845032},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.27140000462532043},{"id":"https://openalex.org/C2779538965","wikidata":"https://www.wikidata.org/wiki/Q1020013","display_name":"Share price","level":3,"score":0.2508000135421753}],"mesh":[],"locations_count":3,"locations":[{"id":"pmh:oai:ojs2.radjapublika.com:article/5513","doi":null,"is_oa":true,"landing_page_url":"https://radjapublika.com/index.php/IJEBAS/article/view/5513","pdf_url":"https://radjapublika.com/index.php/IJEBAS/article/download/5513/4449","source":{"id":"https://openalex.org/S4210197862","display_name":"International Journal of Economic Business Accounting Agriculture Management and Sharia Administration (IJEBAS)","issn_l":"2808-4713","issn":["2808-4713"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2808-4713","raw_type":"info:eu-repo/semantics/article"},{"id":"doi:10.5281/zenodo.19972341","doi":"https://doi.org/10.5281/zenodo.19972341","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.19972341","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"JournalArticle"},{"id":"doi:10.5281/zenodo.19972342","doi":"https://doi.org/10.5281/zenodo.19972342","is_oa":true,"landing_page_url":"https://doi.org/10.5281/zenodo.19972342","pdf_url":null,"source":{"id":"https://openalex.org/S4306400562","display_name":"Zenodo (CERN European Organization for Nuclear Research)","issn_l":null,"issn":null,"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I67311998","host_organization_name":"European Organization for Nuclear Research","host_organization_lineage":["https://openalex.org/I67311998"],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":null,"is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"JournalArticle"}],"best_oa_location":{"id":"pmh:oai:ojs2.radjapublika.com:article/5513","doi":null,"is_oa":true,"landing_page_url":"https://radjapublika.com/index.php/IJEBAS/article/view/5513","pdf_url":"https://radjapublika.com/index.php/IJEBAS/article/download/5513/4449","source":{"id":"https://openalex.org/S4210197862","display_name":"International Journal of Economic Business Accounting Agriculture Management and Sharia Administration (IJEBAS)","issn_l":"2808-4713","issn":["2808-4713"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"journal"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"2808-4713","raw_type":"info:eu-repo/semantics/article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","display_name":"Decent work and economic growth","score":0.48510000109672546}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":true,"pdf":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7159834412.pdf","grobid_xml":"https://content.openalex.org/works/W7159834412.grobid-xml"},"referenced_works_count":1,"referenced_works":["https://openalex.org/W2945966313"],"related_works":["https://openalex.org/W4290665837","https://openalex.org/W3170223983","https://openalex.org/W2920209748","https://openalex.org/W3042085744","https://openalex.org/W4226341352","https://openalex.org/W2989638487","https://openalex.org/W6894087681","https://openalex.org/W3083285956","https://openalex.org/W2984011853","https://openalex.org/W3012296092"],"abstract_inverted_index":{"This":[0,50,90],"study":[1,51,91,126],"aims":[2],"to":[3,34,63],"examine":[4],"how":[5],"the":[6,28,57,81,101,115,130],"dividend":[7,11,102,116,131,135],"payout":[8,103,117,132],"ratio":[9,104,118,133],"and":[10,47,122,134],"yield":[12,136],"impact":[13],"stock":[14,107,140],"price":[15,108,141],"volatility,":[16],"with":[17],"inflation":[18],"as":[19,65,67],"a":[20,86],"moderating":[21],"variable,":[22],"in":[23,40],"manufacturing":[24,53],"companies":[25,54,79],"listed":[26,55],"on":[27,56],"Indonesia":[29,58],"Stock":[30,59,110],"Exchange":[31,60],"from":[32,44,61],"2018":[33,62],"2023.":[35],"Secondary":[36],"data":[37],"are":[38,112],"used":[39,92],"this":[41],"study,":[42],"drawn":[43],"financial":[45],"statements":[46],"annual":[48],"reports.":[49],"includes":[52],"2023,":[64],"well":[66],"those":[68],"that":[69,99,129],"have":[70],"held":[71],"an":[72],"IPO":[73],"since":[74],"at":[75],"least":[76],"2018.":[77],"Forty-four":[78],"met":[80],"research":[82],"criteria,":[83],"selected":[84],"using":[85],"purposive":[87],"sampling":[88],"method.":[89],"multiple":[93],"regression":[94],"analysis.":[95],"The":[96,125],"results":[97],"show":[98],"only":[100],"significantly":[105],"influences":[106],"volatility.":[109,142],"prices":[111],"riskier":[113],"when":[114],"is":[119],"more":[120],"dynamic,":[121],"vice":[123],"versa.":[124],"also":[127],"shows":[128],"do":[137],"not":[138],"affect":[139]},"counts_by_year":[],"updated_date":"2026-11-07T11:25:07.637180","created_date":"2026-05-03T00:00:00"}