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Journal : Riwayat: Educational Journal of History and Humanities

The Effect of Liquidity and Solvability on Stock Price Through Profitability Sofyaun, Ashari; Setijoadi, Setijoadi; Lestari, Winda
Riwayat: Educational Journal of History and Humanities Vol 8, No 2 (2025): April, Culture and Identity
Publisher : Universitas Syiah Kuala

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24815/jr.v8i2.47386

Abstract

This study aims to examine the effect of liquidity, measured by the Quick Ratio (QR) and Current Ratio (CR), and solvency, measured by the Debt to Asset Ratio (DAR) and Debt to Equity Ratio (DER), on stock prices through profitability as a mediating variable, which is measured by the Return on Asset Ratio (ROA) and Return on Equity Ratio (ROE). The data used in this research is secondary data obtained from Annual Reports. The sample consists of nine telecommunications subsector companies listed on the Indonesia Stock Exchange that meet the research criteria, covering the period from 2019 to 2023 (five years), resulting in 45 observations. This study utilizes SmartPLS 3 as the analytical tool and employs a quantitative research method. The findings of this study indicate that liquidity has a positive and significant effect on profitability. Solvency has no effect on profitability or stock prices. Liquidity does not effect stock prices. Profitability does not effect stock prices. Furthermore, liquidity does not effect stock prices through profitability, and solvency does not effect stock prices through profitability.
Co-Authors Ade Fitri, Jufenti AGUS PURWANTO Ahmad Redho Ahmad, Srifatmawati Akhmad, Nuralam Aldin, Nayla Razkia Putri Alviolin, Elin Anantadjaya, Samuel PD Andi Sumangelipu ANDRI KURNIAWAN Andriamella Elfarissyah, Andriamella Anggi Widia Khairunnisa Anggraini Rini Ari Widyaningsih Arifin, Camelia Ananda Arrywibowo , Imam Asdiyanti, Asning Asih Ernawati Auradian Marta Azizi, Muhammad Bambang Subali Bhakti Gunawan Bizikrillah, Wahyu Arif Br Sitanggang, Uli Paramita Br. Nainggolan, Julita Citra, Wallika Decky Avrilianda Destria Efliani diniarti, fiya Dwinda Tamara Dzaky, Muhammad Nur Eko Handoyo Erna Susanti Fadila, Aura Nur Fadilah, Amelia Nur Fakhrul, Muhammad Fatihah , Nadya Layla Fauziyah, Tryana Fella, Fella Ginting, Randi Malik GS , Achmad Daengs Hafifah, Nabela Harahap, Nursaima Hartini Agustiawati, Hartini Hasibuan, Hasbi Anshori Hasrullah Hasrullah, Hasrullah Hendrawan, Yudi Herawati Herry Setiawan Hery Maulana Arif Husniyah, Husniyah Indri Yani, Rohma Sri Irwansyah Irwansyah Istikomah, Puput Jayanti Vioni Vista Juliarta, Vina Kartini Kartini Khairiyyahni, Sintia Khudin Anam, Sholih Leonard Dharmawan Maimunah Maimunah Mandala Putri, Heryn Matrissya Hermita Meliyana, Etika Mirnawati Mirnawati Misna Ariani Miswaty, Miswaty Mulyati, Yohana Fransiska Neri Susanti Nuah P. Tarigan, Nuah P. Nugroho, Wahyu Aji Nur Rahmawaty, Nur Nurlena, Nurlena Nurul Wardani Lubis Perwita, Prima Yuri Purba, Rohma Dearni Purnasari, Nina Putri, Nadya Zahara Putri, Yussi Rahman, Sauqina Alwafi Rahmi Aulia, Rahmi Rais, Ariandi Rama Dian Syah Ramadani, Indah Rizki Rena Fuji Erin Setyawati Rihfenti Ernayani Rinto Noviantoro, Rinto Rizany, Ichsan Romansyah Sahabuddin Safitri, Adinda Hariana Saidori, Amanda Samidah, Ida Samsilayurni, S Samsilayurni, Samsilayurni Seri, Herman Setijoadi, Setijoadi Sigit Mulyono Silva, Yana Simanjuntak, Aloysius Wisely Simanjuntak, Intan Juwita Claudya Sofiyanti, Ida Sofyaun, Ashari Sri Mukti Suhartini Sri Utami Sriwahyuni Suhatril, Ruddy J Suparman Surismiati, S Sutisna Riyanto Swandari Paramita Syah, Rama Dian Timotius, Elkana Tri Joko Raharjo Trilia, Trilia Tutik Yuliani, Tutik Vioni Jayanti, Vista Wahyuni Sri Walid, Ahmad Yenita Roza Yudi Abdul Majid, Yudi Abdul Yuliani, Esse Zahro, Lutfiah