PROFITABILITY, LEVERAGE, AND DIVIDEND POLICY ON STOCK VALUATION IN THE CONSUMER AND AGRIBUSINESS SECTORS, INDONESIA STOCK EXCHANGE 2021–2024
Investors in the consumer and agribusiness sectors of the Indonesia Stock Exchange (IDX) appear to weigh dividend policy more heavily than profitability or leverage when valuing stocks. Using unbalanced panel data from 17 companies (66 firm-year observations) over 2021-2024, a post-pandemic recovery period, this study...