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LIKUIDITAS, PROFITABILITAS, LEVERAGE TERHADAP HARGA SAHAM PERUSAHAAN SUBSEKTOR TRANSPORTASI DI BURSA EFEK INDONESIA Cut Aldira Bunga Nanggro; Zulfikar Ramadhan
Media Riset Bisnis Ekonomi Sains dan Terapan Vol 5, No 1 (2026): Media Riset Bisnis Ekonomi Sains dan Terapan
Publisher : Taksasila Edukasi Insani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71312/mrbest.v5i1.815

Abstract

This study examines the effect of liquidity, profitability, and leverage on stock prices of transportation subsector companies listed on the Indonesia Stock Exchange (IDX). The research aims to analyze how these financial performance indicators influence stock price movements during the post-pandemic period. This study employs a quantitative correlational approach using secondary data obtained from the financial statements of transportation subsector companies for the 2021–2024 period. The population consists of 13 companies, with 11 companies selected through purposive sampling. Data analysis was conducted using panel data multiple linear regression with EViews 12, and the selected estimation model was the random effects model. The results indicate that liquidity has a significant negative effect on stock prices, profitability has a negative but insignificant effect, and leverage has a positive but insignificant effect on stock prices. These findings suggest that investors should carefully reassess financial ratios when making investment decisions, while companies are encouraged to optimize their financial performance to enhance stock value in the capital market.Keywords: Leverage, Liquidity, Profitability, Stock Price
MEDIASI PROFITABILITAS PADA PENGARUH GREEN FINANCE TERHADAP NILAI PERUSAHAAN SEKTOR PERBANKAN DI INDEKS SRI KEHATI Zulfikar Ramadhan; Azizatul Munawaroh; Eloh Bahiroh; Cut Aldira Bunga Nanggro
Media Ekonomi Vol. 33 No. 2 (2025): Oktober
Publisher : Lembaga Penerbit Fakultas Ekonomi dan Bisnis

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v33i2.27344

Abstract

This study examines the effect of green finance on firm value and the mediating role of profitability among Indonesian banks included in the SRI-KEHATI Index. This study uses panel data from banks included in the SRI-KEHATI Index for the period 2018–2025. The data used are secondary data obtained from annual reports, sustainability reports, and the companies’ financial statements. Data analysis was conducted using path analysis with the assistance of EViews 13. The results of the study indicate that green finance has a positive but insignificant effect on firm value and profitability. Profitability also has a positive but insignificant effect on firm value. Furthermore, the results of the Sobel test indicate that profitability does not mediate the effect of green finance on firm value. These findings suggest that the implementation of green finance in the Indonesian banking sector has not yet been able to significantly improve financial performance or firm value during the study period; thus, the economic benefits of green finance tend to be long-term in nature and are not yet fully reflected in profitability or market valuation.