Penelitian ini bertujuan untuk menganalisis pengaruh volume perdagangan, inflasi,
dan dividend payout ratio terhadap volatilitas harga saham pada perusahaan sektor
perindustrian yang terdaftar di Bursa Efek Indonesia (BEI) selama periode 2019–
2023. Penelitian ini menggunakan pendekatan kuantitatif dengan metode data panel
dan teknik pengumpulan data melalui observasi non partisipasi terhadap 10
perusahaan yang dipilih secara purposive sampling. Analisis data dilakukan
menggunakan software EViews 12. Hasil penelitian menunjukkan bahwa volume
perdagangan tidak berpengaruh terhadap volatilitas harga saham, sedangkan inflasi
dan dividend payout ratio berpengaruh positif dan signifikan. Secara simultan,
ketiga variabel tersebut berpengaruh positif dan signifikan terhadap volatilitas
harga saham. Temuan ini mengindikasikan bahwa faktor makroekonomi dan
kebijakan dividen perusahaan dapat menjadi indikator penting dalam memahami
pergerakan harga saham di pasar modal.
Kata Kunci: Volume Perdagangan, Inflasi, Dividend Payout Rasio, Volatilitas Harga
Saham.

This study aims to analyze the influence of trading volume, inflation, and
dividends. payout ratio to stock price volatility in industrial sector companies
listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. This
study uses a quantitative approach with a panel data method and data collection
techniques through non-participatory observation of 10 companies by purposive
sampling. Data analysis was carried out using software EViews 12. The results of
the study show that trading volume does not affect stock price volatility, while
inflation and dividends do. payout ratio has a positive and significant effect.
Simultaneously, the three variables have a positive and significant effect on stock
price volatility. This finding indicates that macroeconomic factors and corporate
dividend policies can be important indicators in understanding stock price
movements in the capital market.
Keywords: Trading Volume, Inflation, Dividend Payout Ratio, Stock Price
Volatility