p-Index From 2020 - 2025
7.469
P-Index
This Author published in this journals
All Journal MOTION : Jurnal Riset Physical Education Pelangi Ilmu JOURNAL OF INFORMATICS AND TELECOMMUNICATION ENGINEERING Jurnal Penelitian Pendidikan IPA (JPPIPA) Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah JURNAL ILMIAH LIVING LAW Unes Law Review Jurnal Kejaora (Kesehatan Jasmani dan Olahraga) ENTITA: Jurnal Pendidikan Ilmu Pengetahuan Sosial dan Ilmu-Ilmu Sosial SOSIOEDUKASI : JURNAL ILMIAH ILMU PENDIDIKAN DAN SOSIAL Jurnal Statistika dan Aplikasinya PROFICIO: Jurnal Pengabdian Masyarakat Buguh: Jurnal Pengabdian Kepada Masyarakat Jurnal Ilmu Ekonomi Manajemen dan Akuntansi Universitas Muhammadiyah Yogyakarta Undergraduate Conference Proceeding Edu Society: Jurnal Pendidikan, Ilmu Sosial dan Pengabdian Kepada Masyarakat Bulletin of Management and Business Millennial: Jurnal Pendidikan dan Studi Islam Jurnal Riset sosial humaniora, dan Pendidikan (Soshumdik) Medika Trada Antroposen International Journal of Community Engagement Payungi Circle: Jurnal Pendidikan Matematika JURNAL ILMIAH GEMA PERENCANA Al-Zayn: Jurnal Ilmu Sosial & Hukum Majority Science Journal Indonesian Proceedings and Annual Conference of Islamic Law And Sharia Economic (IPACILSE) INSAN CENDEKIA : Jurnal Pengabdian Kepada Masyarakat EduInovasi: Journal of Basic Educational Studies Kanigara Jurnal Indonesia : Manajemen Informatika dan Komunikasi Al-Busyro Al-khidmah: Jurnal Pengabdian dan Pendampingan Masyarakat Jurnal Komplikasi Anestesi Alpatih: Jurnal Inovasi Pengabdian Masyarakat Hipotenusa: Journal of Mathematical Society Konstruktivisme : Jurnal Pendidikan dan Pembelajaran TARBAWIYAT: Jurnal Kependidikan Journal of Management Research and Studies J-KOMA : Jurnal Ilmu Komputer dan Aplikasi Journal on Mathematics Education Cognitive Jurnal Ilmiah Mahasiswa & Penelitian Keperawatan
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : Bulletin of Management and Business

The Influence of Profitability and Liquidity on Closing Stock Prices of Cigarette Companies on The Idx For The Period 2018 - 2023 Agusandhya, Nabila; Alfiana; Mulyono
Bulletin of Management and Business Vol. 6 No. 1 (2025): March 2025
Publisher : Universitas Widyagama Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31328/bmb.v6i1.372

Abstract

The cigarette industry in Indonesia continues to grow and makes a significant contribution to state revenues. However, strict regulations such as increased excise rates, advertising bans, and negative sentiment towards cigarette consumption can affect the profitability and stock prices of companies in this sector. This study aims to analyze the effect of Return on Assets (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Current Ratio (CR), and Quick Ratio (QR) on the stock prices of cigarette sub-sector companies listed on the Indonesia Stock Exchange (IDX) in the period 2018-2023. The research method used is a quantitative approach with multiple linear regression analysis using IBM SPSS The results of the study show that ROA has a significant positive effect on stock prices, ROE has a significant negative effect on stock prices, NPM has a significant negative effect on stock prices. Meanwhile, CR and QR do not have a significant effect on stock prices. Simultaneously, the five variables have a significant effect on stock prices. These findings indicate that profitability, especially ROA, is the main factor considered by investors in assessing cigarette company stocks, while liquidity is not a major concern. This research provides insight for investors and company management regarding the importance of asset and profit management strategies to maintain the attractiveness of shares in the capital market.
Co-Authors Abdul Aziz Adi Nur Cahyono Afriyani, Hapin Agung Astuti Agusandhya, Nabila Ahmad Fandy Ainur Rofiq Alfiadi Alfiana Alim, Hafizhun Amirah Fitria Sabrina Anas Ahmadi Andrew Alvaro Hazizi Aos Sutisna Arie Anang Setyo Ayudya Maharani, Dinar Azhar Azisi Bagus Sumargo, Bagus Bambang Suryono, Bambang BAYU AKBAR HARMONO Brahmana Rangga P Budi Purnomo Budi Waluya Chumdari Darisman, Eka Kurnia Dendy Steferry Winanto Destia Wahyu Hidayati, Destia Wahyu Dian Herasari, Dian Djodjok Soepardjo Dwi Kusuma Wijaya Dwijo Prasetyoutomo Eddie Bachtiar Siagian Edy Ismail Efridani Lubis Eka Damayanti Eka Kurnia Darisman Erdien, Fareka Farid Pribadi Fauzi, Kms. M. Amin Fauzia, Lisa Febrianus Rio Sasuwang Fina Nur Kholisah Fitri Amillia Gatot Margisal Utomo Guruh Ramdani Happy Lumbantobing, Happy Henry Prasetyo Hulman Panjaitan I Gede Darma Utamayasa I Gede Dharma Utamayasa Iqbal Kharisudin Iwan junaedi Izzah, Ismatul Jablonski, Simone Jeremi Penatas John Pieris Kadir, Adriani Khadijah, Mutiara Khusnul Khotimah Kirana, Siti Julpia Ludwig, Matthias Luluk, Luluk ananta Luqmanul Hakim Marka, Difa Nabila Masrukan Masrukan Miftahul Afifur Rohman Mintowati Mintowati, Maria Mita Rilyanti Moh Nur Hidayatullah Mohammad Imron Mubarok, Hayyul Muhammad Fahruddin Muhammad, Eka Suryana Musdalifa Musthofa, Halim Nazhiifah, Nisriina Ngurah Ayu Nyoman Nina Sulistyowati Noviana Dini Rahmawati NOVITASARI Nur Fitriyani Nurfaiza Nurkolis Nuryadi, Achmad Oehler, Deng-Xin Ken Putikadyanto, Agus Purnomo Ahmad Raharjo, Resdianto Permata Rentika Hadi, Santika Ria Arafiah Ricki Adi Sanja Riga Mardhika Rizki Dwi Ariyanto Rohmad Arkam Rohman, Saipul Rosmi, Yandika Fefrian Rusani, Irna Savitri, Agusniar Dian Septiana Rinal Ably, Demma Singalodra, Nurita Sinta Elviyanti Siregar, Dania Siti Nur Intihani Soedjono Sri Rahardjo St. Y Slamet Sugiyarto Sugiyarto Suparman Survival Sutoyo Sutoyo Tahang, Heriyanti Tarwichatul Jadidah Trisnawati, Nika Fetria Tuti Hastuti Widyanti Rahayu Yandika Fefrian Rosmi Yoesuf, Juliani Paramitha Yohana Jesika Lujunai Zakiah Rizki Z