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Journal : Multifinance

STOCK PRICE DETERMINANTS AND IMPLICATIONS ON COMPANY VALUE (A STUDY OF THE LQ45 STOCK GROUP CONSISTENTLY LISTED ON THE INDONESIA STOCK EXCHANGE 2011-2022) Tahmat, Tahmat; Suteja, Jaja
Multifinance Vol. 3 No. 2 (2025): Multifinance
Publisher : PT. Altin Riset Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61397/mfc.v3i2.482

Abstract

The study aims to determine the effect of Debt to Equity, Debt to Assets, Return on Equity and Earning Per Share, inflation, BI Rate interest rates, economic growth, rupiah exchange rates and world oil and their effect on stock prices and the effect of stock prices on company value in the LQ45 stock group listed consistently on the Indonesia Stock Exchange in 2011-2022. The method used in the study is the verification method. The sample in this study was 15 companies, selected by purposive sampling method. Data analysis used panel data analysis techniques. In general, this study concludes that internal factors partially: Debt to Equity and Debt to Assets have a negative and significant effect on stock prices, Return on Equity has a positive and significant effect on stock prices, EPS has a positive but not significant effect on stock prices. While external factors partially: Inflation, Interest Rates, World Oil and Dummy Covid-19 have a negative and significant effect on stock prices, Economic Growth and have no effect on stock prices, Rupiah exchange rate has a positive and significant effect on stock prices. Simultaneously, internal and external factors influence stock prices. Then, stock prices have a positive and significant influence on company value.
Co-Authors , Elizabeth Tika Kristina Hartuti Abdullah Aji, Yunita AHMAD LUTFI Andre Suryaningprang Angel, Mary Annisa Nur Mayasari Ardi Gunardi Arthur Simanjuntak Atang Hermawan Atty Tri Juniarti Azhar Affandi Cartono Cartono Dadang Suwanda Darta, Darta Darta, Darta Dede Yusuf Dewi Aprilia Ningrum Dheni Harmaen Dheni Harmaen Dudung Juhana Dwi Iin Kahinah EDDY JUSUF Ellen Rusliati Erik Syawal Alghifari Erika Erika Erna Herlinawati Faroh, Wahyu Nurul Fatma Lestari Fricilia, Frisca Gerinata Ginting Gerinata Ginting Gita Anggia Goh, Thomas Sumarsan Helmi, M. Nurman Heru Setiawan Herwani, Aldrin Horas Djulius Ida Yayu Nurul Hizqiyah Imam Santoso Iman Sudirman Irmal, Irmal Iwan Sumarta, Renaldus Jahidah, Nurul Jahidah, Nurul Siti Jamaludin, Maun Jasmani jasmani Juanim Juanim Juanim Karsa, Aldo Hermaya Aditiya Nur Khoiriyah Khoiriyah Khoiriyah Masseni, Masseni Moh. Sidik Priadana Mohammad Sofyan Mokhamad Anwar, Mokhamad Muhammad Rida Abas Mulyaningrum Mulyaningrum Munawar Asikin Nanda, Nabila Na’imah, Istiqomatun Neni Sumarni Ningrum, Dewi Aprilia Nurhadi, Ahmad Patrisius Seran Patrisius Seran, Patrisius Pery Sutisna Popo Suryana Rachmawaty Rachmawaty Rachmawaty Rachmawaty, Rachmawaty Rahmat Heryat Furqon Rani Janisa Auristi Ratna Rintaningrum, Ratna Ratu Hedy Syahidah Budiarti Riani, Dini Sari, Widya Intan Sarman, Rohmat Sintia Ramdhani, Susan Sudirman, M. Iman Sunarsi, Denok Susanti, Peni Sutiman Sutiman, Sutiman Sy. Nurul Syobah Syailendra Reza Irwansyah Rezeki Tahmat, Tahmat Tedi Setiawan Triyadi Triyadi, Triyadi Umi Narimawati Undang Juju Uus Toharudin Vicky Dwi Putra Widianti, Nurhannah Winston Manihuruk Yahya, Adibah Yusuf Arifin Yusuf Ibrahim Zaenal Aripin Zulkarnaen, Wandy