Pengaruh Asimetri Informasi, Dividend Payout Ratio, dan Earning Volatility Terhadap Volatilitas Harga Saham dengan Firm Size Sebagai Variabel Moderasi (Studi Pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia Periode 2018-2023).

Syifana, Tia (2025) Pengaruh Asimetri Informasi, Dividend Payout Ratio, dan Earning Volatility Terhadap Volatilitas Harga Saham dengan Firm Size Sebagai Variabel Moderasi (Studi Pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia Periode 2018-2023). Undergraduate Thesis thesis, UIN K.H. Abdurrahman Wahid Pekalongan.

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Abstract

Pasar modal sering mengalami pergeseran harga saham, tetapi pergeseran harga saham yang tajam dalam waktu singkat menjadi pertanda buruk dan menjadikan investor sulit untuk merencanakan keuangan. Hal ini sangat berhubungan erat dengan permintaan dan penawaran saham. Volatilitas harga saham mencerminkan perilaku pasar yang terlihat melalui fluktuasi harga saham yang tajam, dengan perbedaan signifikan pada harga tertinggi dan terendah dalam rentang waktu tertentu. Sehingga memungkinkan investor untuk memilih perusahaan dengan saham yang stabil. Selain itu, dalam teori sinyal juga menekankan apabila semakin tingginya harga saham akan menandakan sinyal positif untuk investor. Tujuan penelitian ini yaitu untuk mengetahui pengaruh asimetri informasi, dividend payout ratio, dan earning volatility terhadap volatilitas harga saham dengan firm size sebagai pemoderasi. Jenis penelitian ini adalah penelitian asosiatif dengan pendekatan kuantitatif. Populasi penelitian ini adalah perusahaan Food and Beverage yang terdaftar di Bursa Efek Indonesia periode 2018-2023. Purposive sampling digunakan untuk menentukan sampel yang sesuai kriteria, hingga didapat 8 perusahaan selama 6 periode yang menghasilkan sebanyak 48 data observasi. Metode analisis yang digunakan yaitu uji statistik deskriptif, uji asumsi klasik, analisis regresi linear berganda, Moderating Regression Analysis (MRA), dan uji hipotesis. Hasil penelitian ini menunjukan bahwa asimetri informasi, dividend payout ratio, dan earning volatility berpengaruh terhadap volatilitas harga saham. Serta firm size tidak mampu memoderasi pengaruh asimetri informasi, dividend payout ratio, dan earning volatility terhadap volatilitas harga saham. Kata kunci: Volatilitas Harga Saham, Asimetri Informasi, Dividend Payout Ratio, Earning Volatility, Firm Size.   ABSTRACT TIA SYIFANA. The Effect of Information Asymmetry, Dividend Payout Ratio, and Earning Volatility on Stock Price Volatility with Firm Size as a Moderating Variable (Study on Food and Beverage Companies Listed on the Indonesia Stock Exchange for the 2018-2023 Period). The capital market often experiences shifts in stock prices, but sharp shifts in stock prices in a short time are a bad sign and make it difficult for investors to plan their finances. This is closely related to the demand and supply of shares. Stock price volatility reflects market behavior that can be seen through sharp fluctuations in stock prices, with significant differences in the highest and lowest prices within a certain time frame. This allows investors to choose companies with stable stocks. In addition, signal theory also emphasizes that higher stock prices will indicate a positive signal for investors. The purpose of this study is to determine the effect of information asymmetry, dividend payout ratio, and earning volatility on stock price volatility with firm size as a moderator. This type of research is associative research with a quantitative approach. The population of this study is Food and Beverage companies listed on the Indonesia Stock Exchange for the period 2018-2023. Purposive sampling was used to determine samples that met the criteria, until 8 companies were obtained for 6 periods which produced 48 observation data. The analysis methods used were descriptive statistical tests, classical assumption tests, multiple linear regression analysis, Moderating Regression Analysis (MRA), and hypothesis testing. The results of this study indicate that information asymmetry, dividend payout ratio, and earning volatility have an effect on stock price volatility. And firm size is not able to moderate the effect of information asymmetry, dividend payout ratio, and earning volatility on stock price volatility. Keywords: Stock Price Volatility, Information Asymmetry, Dividend Payout Ratio, Earning Volatility, Firm Size.

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