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Journal : eCo-Fin

Impact of Institutional Ownership, Debt to Equity Ratio, and Current Ratio on Stock Prices in Indonesian Transportation Companies (2017–2023) Elly Sholihah; Santi Damayanti
eCo-Fin Vol. 7 No. 1 (2025): eCo-Fin
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/ef.v7i1.2145

Abstract

This study examines the effect of Institutional Ownership (IO), Debt to Equity Ratio (DER), and Current Ratio (CR) on the stock prices of transportation companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2023. Using a quantitative methodology with a descriptive and verificative approach, the research analyses 49 financial statements from selected transportation firms. To test the relationships among the variables, multiple linear regression analysis, the coefficient of determination test, product moment correlation coefficient test, and classical assumption tests were conducted, including F-tests and t-tests for hypothesis testing. Data processing was performed using SPSS software version 21.0. The partial test results reveal that IO negatively impacts stock prices, while the DER also has a negative effect. In contrast, the CR does not significantly influence stock prices. However, based on the simultaneous test results, IO, DER, and CR together have a significant impact on stock prices. These findings suggest that capital structure and ownership composition play a crucial role in determining stock valuation in the transportation sector, while short-term liquidity does not appear to be a major influencing factor.
Pengaruh Current Ratio, DER, dan NPM Terhadap Pertumbuhan Laba Dio Permana Putra; Santi Damayanti
eCo-Fin Vol. 8 No. 1 (2026): eCo-Fin
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/ef.v8i1.3669

Abstract

Kajian ini bertujuan menganalisis keterkaitan Current Ratio, Debt to Equity Ratio, dan Net Profit Margin dengan pertumbuhan laba pada perusahaan manufaktur subsektor farmasi. Kajian memakai pendekatan kuantitatif melalui analisis statistik deskriptif dan regresi linear berganda. Data bersifat sekunder dan bersumber dari laporan keuangan tahunan perusahaan yang tercatat di Bursa Efek Indonesia periode 2017–2024. Objek kajian mencakup lima perusahaan dengan total 32 unit observasi. Hasil uji t memperlihatkan nilai t hitung Current Ratio sebesar -0,768 dengan signifikansi 0,449, Debt to Equity Ratio sebesar -0,841 dengan signifikansi 0,408, serta Net Profit Margin sebesar 1,465 dengan signifikansi 0,154. Seluruh nilai signifikansi berada di atas 0,05. Uji F menghasilkan nilai F hitung sebesar 1,111 < 2,90 dengan signifikansi 0,361 > 0,05, Rasio likuiditas, struktur modal, dan margin laba belum mampu menjelaskan variasi pertumbuhan laba secara parsial maupun simultan. Dinamika laba perusahaan farmasi selama periode observasi diduga lebih dipengaruhi oleh faktor operasional, strategi bisnis, dan kondisi industri.