IDEAS home Printed from https://ideas.repec.org/h/spr/advbcp/978-94-6463-758-8_254.html

Effect of Dividends as Moderator on Trading Volume and Stock Prices in the Green Economy

In: Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

Author

Listed:
  • Ade Asriani

    (Hasanuddin University)

  • Syamsu Alam

    (Hasanuddin University)

Abstract

This study aims to evaluate the performance of sustainable investments in the green economy sector, focusing on the paradoxical relationship between trading volume and stock prices, with dividends as a moderating variable. Using data from companies in the green economy sector listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023, the study employs a quantitative approach with explanatory research design. The results indicate that trading volume does not have a significant direct effect on stock prices (Sig. = 0.158). However, when dividends are included as a moderating variable, the relationship between trading volume and stock prices becomes significant (Sig. = 0.000). This suggests that while trading volume alone does not influence stock prices, the presence of dividends strengthens the impact of trading volume on stock price movements. Dividends serve as a positive signal to investors, indicating financial stability and promising future prospects, which enhances investor confidence, particularly in the green economy sector, where sustainability is a key factor. These findings contribute to the literature on sustainable finance by providing new insights into how financial policies such as dividends interact with market behavior in sectors focused on environmental sustainability.

Suggested Citation

  • Ade Asriani & Syamsu Alam, 2025. "Effect of Dividends as Moderator on Trading Volume and Stock Prices in the Green Economy," Advances in Economics, Business and Management Research, in: Mursalim Nohong & Fitra Roman Cahaya & Phung Minh Tuan & Arifuddin Mannan & Anas Iswanto Anwar & Ria (ed.), Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024), pages 3072-3077, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-758-8_254
    DOI: 10.2991/978-94-6463-758-8_254
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:advbcp:978-94-6463-758-8_254. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.