The Influence Of Income Tax 25 Through Dividend Payout Ratio On Stock Price In Food And Beverage Companies
DOI: 10.35760/ugefic.v8i1.113Abstract
This study aims to analyze: (1) The influence of income tax article 25 on the dividend payout ratio; (2) The influence of the dividend payout ratio on stock prices; (3) The influence of income tax article 25 on stock prices through the dividend payout ratio. (4) The variable that has the most dominant influence on stock prices. The data used in this study are secondary data in the form of financial reports of companies in the food and beverage sub-sector on the Indonesia Stock Exchange for the period 2020-2024, using purposive sampling techniques. The sample used in this study consisted of 17 companies. The data analysis technique used include descriptive statistical analysis, panel data regression models, multicollinearity tests, panel data regression analysis, partial tests (t-tests), coefficient of determination tests (R Square), path analysis and sobel tests. The testing tool used is EViews 12. The results of this study indicate that: (1) Income tax article 25 significant influence the dividend payout ratio; (2) The dividend payout ratio significant influence stock prices; (3) Income tax article 25 does not significant influence stock prices through the dividend payout ratio in food and beverage sub-sector companies on the Indonesia Stock Exchange for the period 2020-2024; (4) The variable that has the most dominant influence on stock prices is the dividend payout ratio.
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