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Company Sustainability through Increasing Share Prices in Cement Sub-Sector Companies in Indonesia

In: Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)

Author

Listed:
  • Linna Ismawati

    (Universitas Komputer Indonesia, Department of Management, Faculty of Economic and Business)

  • Luqman Ashabil Tresna

    (Universitas Komputer Indonesia, Department of Management, Faculty of Economic and Business)

Abstract

This study intends to ascertain the development of each variable in cement Sub-sector businesses listed on the IDX for the period 2019–2023, as well as the partial and simultaneous effects of capital gains, dividend policy, and capital structure on stock prices. Descriptive and verification methods with a quantitative approach are the research methods employed. Secondary data, such as information on stock price, capital gains, dividend policy, and capital structure, is employed. Purposive sampling is a sampling methodology. Six businesses in the cement subsector for the years 2019–2023 were selected as the research sample based on preexisting considerations and criteria. The t test and F test are used for hypothesis testing, and path analysis, correlation coefficient analysis, and coefficient of determination analysis are the analysis designs employed. According to the study’s findings, capital structure significantly boosts stock prices, dividend policy significantly boosts capital structure, and dividend policy significantly boosts capital gains. Additionally, dividend policy has a negative and negligible impact on stock prices, while capital gains have a negative and negligible impact on stock prices. In addition to dividend policy, stock prices are positively and marginally impacted by capital gains and capital structure.

Suggested Citation

  • Linna Ismawati & Luqman Ashabil Tresna, 2025. "Company Sustainability through Increasing Share Prices in Cement Sub-Sector Companies in Indonesia," Advances in Economics, Business and Management Research, in: Lia Warlina & Senny Luckyardi (ed.), Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (IC, pages 247-256, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-795-3_21
    DOI: 10.2991/978-94-6463-795-3_21
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