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Journal : Efficient: Indonesian Journal of Development Economics

Determinant of Stock Prices for Nickel Companies in Indonesia Puspitawati, Eka; Rozi, Fakhrur; Alamsyah, Muhammad Royhan
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 1 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/691pnd33

Abstract

Nowadays, nickel is an important component of batteries which is a very profitable subsector. The increasing public interest in electric vehicles and renewable energy is one of the causes of the high demand for nickel for electric vehicles and increasing attention for public companies of nickel processing. This study’s objective is to analyze factors determining the stock prices of nickel companies registered on the Indonesia Stock Exchange (IDX). The tested factors include Total Asset Turnover Ratio (TATO), Return on Equity (ROE), Net Profit Margin (NPM), Debt to Equity Ratio (DER), and Price to Earning Ration (PER), Price to Book Value (PBV), and Earning per Share (EPS). This research applies data of 3 Indonesian nickel companies from q12014 to q32022, and applies a method of panel data. Findings of this study reveal that ROE, DER, PBV, and EPS have impacts significantly on the stock prices of Indonesian nickel companies. Indonesian nickel companies are suggested to investing smelters in order to optimize the added value of nickel commodities and follow the downstream policy.
Co-Authors Abidin, Syahrul acum wijaya ADELIA Afandi, Muhammad Rizki Agus Setiawan Alamsyah, Muhammad Royhan Alfina Zsazsa Naqiya Algusri, Jeki Aliansyah, Aliansyah Aliffa Izzara, Widi Ambiyar, Ambiyar Amin, Ahmad Aldi Anas Azhar, Anang Anggita, Rizki Anum, Adelina Apriza, Tiyas Ardhin Primadewi Arief Rahman Arif Budiman Artika, Sindi Arwizet Arwizet, Arwizet Aryasandy, Nensy Azhar, Anang Anas Bella, Sinta Cahyanto, Sigit Bayu Deni, Indira Fatra Eka Puspitawati Ema Wulansari, Rizky Fernos, Jhon Fitrah, Yunanda Ghasani, Thahira Hafizhah, Syafira Noer Heni Pujiastuti Ibrahim, Anton Maulana Intan Tursina Kesuma, Rafifa Luqyana Khairul Amri Mahendra, Romi Manurung, Lira Dzikri Rahmadani Maria Magdalena Masditok, Tokit Matondang, Abdul Rahman Mohammad Ahsanuddin Monang, Sori MUHAMMAD FAHMI Muklisin, Sanitra Muliyani, Sari Nasution, Farah Mutiara Zahra Nasution, Irina Kemala Nasution, Kevin Rasyid Sabili Nathanael, Austin Novemyanto, Alfin Dwi Nurmansyah Nurmansyah, Nurmansyah Nurwijayanti Oktavia, Lia Pamekas, Arya Firman Pane, Endi Hadian Shabar Pitri, Laila Pristika, Febie Juma Pujiastuti, Eka Putri, Anggi Juninda Putri, Risa Haruman Rahmawati, Catur Rosidah Rosidah Salisah, Fadiah Anggi Sari Nasution, Bida Sigit Apriyanto Sinaga, Siti Azzahra Siregar, Fitrah Alfisyah Siregar, Sarifah Aini Siti Mundari Solihah Titin Sumanti, Solihah Titin Sopyan, Ence Sry Lestari Samosir Sukardi Sukardi Sulastri, Rukma Supriyanto Supriyanto Surbakti, Khairul Putra Syafitri, Nanda Lestari Syofria Meidona Tomy, Chairian Uswatul Hasanah, Uswatul Wiratno, Esa Prasetyo Yusniar Lubis Zeeda, Ghuvira Zusmawati Zusmawati