Salsabila Desideria
Universitas Ibn Khaldun Bogor, Indonesia

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

THE INFLUENCE OF FINANCIAL PERFORMANCE ON STOCK PRICES OF MINING COMPANIES IN THE METAL AND MINERALS SUB-SECTOR LISTED ON THE IDX FOR THE 2019-2023 PERIOD Salsabila Desideria; Titing Suharti; Diah Yudhawati
Manager : Jurnal Ilmu Manajemen Vol. 8 No. 1 (2025): Manager : Jurnal Ilmu Manajemen
Publisher : Universitas Ibn Khaldun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/managerjurnalilmumanajemen.v8i1.1665

Abstract

This study is conducted to evaluate the influence of financial performance on stock prices in mining companies in the metal and mineral subsector listed on the Indonesia Stock Exchange (IDX) during the period 2019-2023. Financial performance in this study is measured using three financial ratio indicators, namely Return on Equity (ROE), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) as independent variables, while stock prices are used as dependent variables. Sample selection was carried out using a purposive sampling method, which resulted in 8 companies as the final sample from 11 firms that satisfied the conditions. The information processing methods applied include classical assumption testing, This research utilizes techniques such as panel data modeling, multiple linear regression analysis, hypothesis testing, and R² measurement. Partially, the results show that ROE and DER do not have a significant effect on stock prices, while TATO has a significant effect. However, the three variables simultaneously proved to have a significant effect on stock prices. Keywords: Financial Performance, Return on Equity (ROE), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO), StockPrice.