Pengaruh Good Corporate Governance dan Kebijakan Dividen terhadap Harga Saham (Studi Pada Emiten IPO Tahun 2021-2023)

Abstract

Terdapat fenomena underpricing pada rata-rata harga saham IPO tahun 2021-2023 hingga 24 bulan pasca IPO. Harga saham dipengaruhi oleh faktor internal perusahaan yang informasinya dapat ditelusuri melalui laporan tahunan. Penelitian ini bertujuan menganalisis pengaruh good corporate governance yang diproksikan oleh kepemilikan manajerial, dewan direksi, dewan komisaris, dan komite audit serta pengaruh kebijakan dividen yang diproksikan oleh dividend payout ratio terhadap harga saham pada perusahaan IPO tahun 2021-2023. Metode penelitian yang digunakan adalah analisis regresi linear berganda menggunakan SPSS 27. Hasil penelitian menunjukkan bahwa secara parsial kepemilikan manajerial dan dewan direksi yang berpengaruh signifikan terhadap harga saham. Sedangkan dewan komisaris, komite audit, dan dividend payout ratio tidak berpengaruh signifikan terhadap harga saham. Secara simultan kepemilikan manajerial, dewan direksi, dewan komisaris, dewan direksi, komite audit, dan dividend payout ratio berpengaruh terhadap harga saham.

There was an underpricing phenomenon in the average IPO stock price in 2021-2023 up to 24 months after the IPO. Stock prices were influenced by internal company factors, information about which could be traced through annual reports. This study aimed to analyze the effect of good corporate governance, as proxied by managerial ownership, the board of directors, the board of commissioners, and the audit committee, and the effect of dividend policy, as proxied by the dividend payout ratio, on stock prices in IPO companies in 2021-2023. The research method used was multiple linear regression analysis using SPSS 27. The results indicated that managerial ownership and the board of directors had a significant partial effect on stock prices. Meanwhile, the board of commissioners, the audit committee, and the dividend payout ratio did not significantly influence stock prices. Managerial ownership, the board of directors, the board of commissioners, the board of directors, the audit committee, and the dividend payout ratio simultaneously influenced stock prices.