PENGARUH TARIF PPH BADAN, KEBIJAKAN DIVIDEN DAN PERTUMBUHAN PENJUALAN TERHADAP HARGA SAHAM PADA PERUSAHAAN PROPERTI DAN REAL ESTATE DI BURSA EFEK INDONESIA

AbstractThis research aims to examine the influence of corporate income taxrate, dividend policy, and sales growth on stock prices in property andreal estate companies listed on the Indonesia Stock Exchange during the2021–2023 period. The research adopts a quantitative approach usingsecondary data sourced from official financial reports. The sample isselected using purposive sampling based on specific criteria. Multiplelinear regression analysis was applied using SPSS 25. The results revealthat (1) corporate income tax rate has a significant negative effect onstock prices, (2) dividend policy has a significant positive effect on stockprices, and (3) sales growth does not significantly affect stock prices.Simultaneously, all three variables collectively influence stock pricemovements. This study contributes to the existing financial literature byoffering sector-specific insights into how fiscal policies, internalfinancial strategies, and operational performance metrics shape investorperceptions in the post-pandemic capital market environment.Keywords: Dividend policy, income tax, sales growth, stock price,taxatio