PENGARUH PROFITABILITAS DAN SOLVABILITAS TERHADAP HARGA SAHAM : STUDI KASUS INDEX IDX-MES BUMN 17 PERIODE 2021-2022

Authors

  • Muhammad Rafi Riyadh Universitas Brawijaya
  • Khusnul Ashar

Keywords:

Stock Return, Price to Book Value, Earnings Per Share, Return on Equity, Debt Equity Ratio, IDX-MES BUMN 17, Financial Ratio

Abstract

This study aims to examine the influence of profitability and solvency on the stock prices of companies listed on the IDX-MES BUMN 17 Index from the first quarter of 2021 to the second quarter of 2022. The purposive sampling technique is used to obtain the best sample that can represent the population. The research design used in this study is a causal research method with a quantitative approach. Panel data regression is used to accommodate time series and cross-sectional data in the selected sample. The results indicate that all the variables under study (PBV, ROE, EPS, and DER) align with the hypothesis, except for ROE, which represents the company's profitability. This is due to the period under study coinciding with the quantitative easing measures implemented by the Fed, which affected stock prices worldwide, including in Indonesia. As a result, aggregate stock prices increased even though the companies' profitability conditions were not particularly good. Therefore, the ROE value during this period is not significant for stock price movements.

Published

2024-05-03

Issue

Section

Articles