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Pengaruh Likuiditas, Solvabilitas, Ukuran Perusahaan, dan Kepemilikan Publik terhadap Harga Saham pada Perusahaan Transportasi dan Logistik di Bursa Efek Indonesia Tahun 2023-2024 Angga Harimukti; Aty Herawati
Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce Vol. 5 No. 3 (2026): September : Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/digital.v5i3.7738

Abstract

This study examines the effect of Current Ratio (CR), Debt to Equity Ratio (DER), Firm Size (SIZE), and Public Ownership (PO) on the stock prices of transportation and logistics companies listed on the Indonesia Stock Exchange during 2023–2024. The study employed a quantitative approach using secondary data from annual financial statements and stock price information. From a population of 36 companies, 29 firms were selected through purposive sampling, resulting in 58 observations. Data were analyzed using panel data regression with EViews 13. Model selection through the Chow and Hausman tests indicated that the Fixed Effect Model was the most appropriate specification. The results show that CR and Firm Size do not have a significant partial effect on stock prices, whereas DER and Public Ownership have a positive and significant effect at the 10% significance level. Simultaneously, all independent variables significantly affect stock prices, with an Adjusted R-squared of 97.26%. These findings indicate that stock price formation is influenced by a combination of corporate fundamental factors and emphasize the importance of comprehensive fundamental analysis for evaluating company prospects and supporting investment decisions.