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

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

Authors
Linna Ismawati1, *, Luqman Ashabil Tresna1
1Department of Management, Faculty of Economic and Business, Universitas Komputer Indonesia, Bandung, Indonesia
*Corresponding author. Email: linna.ismawati@email.unikom.ac.id
Corresponding Author
Linna Ismawati
Available Online 24 July 2025.
DOI
10.2991/978-94-6463-795-3_21How to use a DOI?
Keywords
Dividend Policy; Capital Gain; Capital Structure and Share Price
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.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
24 July 2025
ISBN
978-94-6463-795-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-795-3_21How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Linna Ismawati
AU  - Luqman Ashabil Tresna
PY  - 2025
DA  - 2025/07/24
TI  - Company Sustainability through Increasing Share Prices in Cement Sub-Sector Companies in Indonesia
BT  - Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)
PB  - Atlantis Press
SP  - 247
EP  - 256
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-795-3_21
DO  - 10.2991/978-94-6463-795-3_21
ID  - Ismawati2025
ER  -