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The impact of liquidity, return on assets, and company growth on stock prices in Manufacturing Companies listed on the Indonesia Stock Exchange T.F Bastian Sitorus; Mas Intan Purba; Winda Novalina Br Simbolon; Monika E. Siregar; Nur Aliah
Journal of Economics and Business Letters Vol. 3 No. 3 (2023): June 2023
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v3i3.208

Abstract

The purpose of this study is to determine the effect of liquidity, return on assets, and company growth on stock prices in manufacturing companies for the period 2018–2021. The population of this study consisted of 42 companies, and the sample consisted of 17 companies, which included manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2021. In this study, the researcher used a quantitative method with multiple linear regression analysis tools. The research data consisted of numbers that would be measured using statistics as a calculation test tool, related to the problem under study to generate a conclusion. Therefore, it can be concluded that liquidity partially has a negative and insignificant effect on stock prices. Return on assets partially has a positive and significant effect on stock prices. And company growth partially has a positive and significant effect on stock prices. And the magnitude of liquidity, return on assets, and company growth on stock prices is 47.8 %.
The influence of profitability, liquidity, and capital structure on firm value Kristianto Bidaya; Mas Intan Purba; Rinahati Laia; Apus Hendri Giawa; Nur Aliah
Journal of Economics and Business Letters Vol. 3 No. 3 (2023): June 2023
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/jebl.v3i3.209

Abstract

This study aims to examine the influence of profitability, liquidity, and capital structure on the value of companies listed on the Indonesian Stock Exchange (IDX) during the period 2018-2021. The population used in this study were food and beverage sub-sector manufacturing companies listed on the IDX over the four-year period from 2018 to 2021, comprising 42 companies. The sample obtained was 17 manufacturing companies listed on the IDX during the 2018-2021 period. The research method used in this study is the quantitative method with multiple linear regression analysis tools, where quantitative data is a study method that is based on conjunctive data. This study uses descriptive statistical tests, Kolmogorov Smirnov statistical tests, multiple linear regression tests, and hypothesis testing with the help of the SPSS 23 program. The results of this study show that profitability partially has a positive and significant effect on the firm’s value, and the variables of liquidity and capital structure simultaneously have no effect on the firm’s value.