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Journal : Academia Open

Financial Performance and Stock Prices in Tourism & Hospitality Suryo, Vivanda Adi Prima; Sari, Herlinda Maya Kumala
Academia Open Vol 9 No 2 (2024): December
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/acopen.9.2024.5397

Abstract

This study utilizes a quantitative approach to examine the relationship between financial performance indicators (ROA, ROE, EPS, and OPM) and stock prices in the tourism and hospitality sector from 2018 to 2021. Secondary data, sourced from the Indonesian Stock Exchange (BEI) containing annual financial reports of listed companies, was analyzed using Multiple Linear Regression. The results indicate that ROA and ROE do not significantly affect stock prices, while EPS has a positive and significant impact, supporting Hypothesis 3. OPM, however, does not demonstrate a significant influence on stock prices, contradicting Hypothesis 4. These findings emphasize the critical role of earnings per share (EPS) in evaluating stock performance in the sector. Highlight: This study examines the relationship between financial performance indicators (ROA, ROE, EPS, OPM) and stock prices in the tourism and hospitality sector. Results indicate that ROA and ROE do not significantly impact stock prices, while EPS plays a crucial role. OPM was found to have no significant influence on stock prices, suggesting EPS is a vital metric for assessing stock performance in this industry. Keywords: Quantitative Analysis, Financial Performance, Stock Prices, Tourism and Hospitality, Earnings per Share (EPS)
Co-Authors A, M Rayhan Abdul Rofik, Abdul Adinda Lestari Ningsih Adirama, Kelvin Fitriyan Agustina, Aninda Agustini, Elly Akyun, Rizki Khurrota Anggy Wahyu Priandini Angraeni, Dian Fransisca Dewi Nur Anzas Budi Cahyani, Firlin Eka Kurnia Cindy Cahyaning Astuti Detak Prapanca Dewi, Ade Annisa Dirham Raharjo Dwi Mega Aprilia Eny Maryanti Farih Ayu Mukhoirotin Sirojul Umma Rosyihin Farih Ayu Mukhoirotin Sirojul Umma Rosyihin Fatma, Salsabila Nur Tsabita Firdaus, Nala Alifiyah Firmansyah, Eggy Dwi H, Lutfia Hariasih, Mistih Hidayah, Fatikhatu I, Mariza Ica, Zulfatul Izzah Ika Oktaviyanti Ira Nurdiani Islamiyanti, Erni Izza Nikmatur Rokhmah Julianto Julianto Kumara Adji Kusuma Kurniawan, Rifan Faris Lilik Indayani Lisa Ayu Pransiska Luluk Putri Fauziah Lusi Rahmawati M Hafis Alwi Marcelino, Marcelino Masulah, Siti Anisatul Mawarda, Rohdotul Misti Hariasih Muhammad Shalahudin Hidayat N, Nihlatul Kudus Sukma Nur Ainun Jariyah Nur Fauziatin Anisa Nurcahyani, Amaliasari Nuril Lutvi Azizah Nurjanah, Firda Awalul Pambudianna, Badzliah A Ghaisani Prasetyo, Agil Bagus Prasetyo, Totok Dwi Pratiwi, Cindi Suryaning Prayogo, Kurniawan Didit Purwanto, Muhammad Rosi Putra, Bisma Akbar Wahyu Tri Ramadhani, Farikhah Randusiwi, Rejekining Rifka Ulinnuhya Annafa Rita Ambarwati Rita Ambarwati Sukmono Santi Rahma Dewi Santoso, Muhammad Nur Habib Saputri, Anisa Herwi Saputri, Norma Suviyahtin Wahyu Sarwenda Biduri Selvia Rachmawati Selviana, Sella Maya Setiyono, Wisnu Panggah Sofielia, Dhea Irwanda Sriyono Sriyono Sriyono Sriyono Sumartik Supardi Supardi Supardi Supardi Supardi Suryo, Vivanda Adi Prima Ulumudin, Muhamad Ihya Umah, Rizdatul Utami, Siska Putri Vera Firdaus Wanti, Fadilah Herdiana Yanti, Eva Indra Dwi Yuliana Putri