THE EFFECT OF DIVIDEND PAYOUT RATIO (DPR) AND DEBT-TO-EQUITY RATIO (DER) ON STOCK PRICE VOLATILITY

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Published Mar 31, 2026
DOI https://doi.org/10.53651/jdeb.v19i1.630

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hanifah hanifah
STIE Nasional Banjarmasin
Rakhmi Ridhawati
STIE Nasional Banjarmasin
Sahrudinnor Sahrudinnor
STIE Nasional Banjarmasin

Abstract

This research aims to analyze the effect of the Dividend Payout Ratio (DPR) and Debt-to-Equity Ratio (DER) on stock price volatility. The research employed a quantitative method. The population consisted of 47 banking companies listed on the Indonesia Stock Exchange (IDX), from which 15 banking companies were selected as the sample, resulting in a total of 45 observations. The data were analyzed using classical assumption tests, descriptive statistical analysis, and multiple linear regression analysis, including the coefficient of determination (R²), F-test, and t-test, with the assistance of SPSS version 26 for Windows. The results indicate that the Dividend Payout Ratio (DPR) has a significant negative effect on stock price volatility in banking companies listed on the Indonesia Stock Exchange during the 2021–2023 period. Meanwhile, the Debt-to-Equity Ratio (DER) has no significant effect on stock price volatility in banking companies listed on the Indonesia Stock Exchange during the 2021–2023 period.

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How to Cite
hanifah, hanifah, Ridhawati, R., & Sahrudinnor, S. (2026). THE EFFECT OF DIVIDEND PAYOUT RATIO (DPR) AND DEBT-TO-EQUITY RATIO (DER) ON STOCK PRICE VOLATILITY. Dinamika Ekonomi: Jurnal Ekonomi Dan Bisnis, 19(1), 134-153. https://doi.org/https://doi.org/10.53651/jdeb.v19i1.630
Issue
Vol 19 No 1 (2026): DINAMIKA EKONOMI Jurnal Ekonomi dan Bisnis Vol.19 No. 1, Maret 2026
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Articles
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This work is licensed under a Creative Commons Attribution 4.0 International License.

This work is licensed under a Creative Commons Attribution 4.0 International License

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