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All Journal Fokus Ekonomi EBSJ Jurnal Masyarakat Merdeka (JMM) JURNAL BISNIS & AKUNTANSI UNSURYA Jurnal Ilmiah Akuntansi Kesatuan BULETIN BISNIS & MANAJEMEN (BBM) Indonesian Journal of Islamic Economics and Finance Fokus Abdimas JIPITI: Jurnal Pengabdian kepada Masyarakat
Wahdi, Nirsetyo
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Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Recognizing the Effect of Profitability as a Moderator in Determining Stock Price Changes Wahdi, Nirsetyo; Pantun; Lestari, Adria Wuri; Santoso, Aprih; Awaludin, Dipa Teruna
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 6 (2025): JIAKES Edisi Desember 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i6.4351

Abstract

Industrial development plays an important role in supporting Indonesia’s economic growth, particularly in the property sector, which attracts increasing investor interest. This study examines the effect of the price earnings ratio, current ratio, and debt to equity ratio on stock prices of property sector companies listed on the Indonesia Stock Exchange, with return on assets as a moderating variable. The study uses panel data from 12 property companies over the 2018–2022 period. Panel data regression with moderation analysis is applied using EViews version 12. The results indicate that the price earnings ratio and return on assets have a significant effect on stock prices, while the current ratio and debt to equity ratio do not show a significant influence. The moderation analysis reveals that Return on Assets strengthens the relationship between the price earnings ratio and stock prices, but does not moderate the effects of liquidity and leverage ratios. The coefficient of determination shows that the independent and moderating variables explain 37.58 % of stock price variation, while the remaining variation is influenced by other factors not examined in this study. These findings provide useful insights for investors and related institutions in evaluating stock price movements in the property sector.
Co-Authors Aep Saefullah Aprih Santoso Ardiyanto, Agil Awaludin, Dipa Teruna Chandra Murdiono Lisabe Fridatien, Ericke Gusmao, Cristino Harling, Vina N. Van Hartono, Drajat Hartoto, Witjaksono Eko Lestari, Adria Wuri Pantun Purwantini, Sri PUSPITASARI, WAHYU Rusdianti, Endang S. Amaral, Adolmando Sattar Sattar, Sattar Slahanti, Masine Surjawati, Surjawati Utari, Vika Marselisna Widowati, Amerti Irvin Wulandari, Iswahyuni Yulianti Yulianti