Rosna Lokano
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Analisis Pengaruh Return on Equity terhadap Harga Saham dengan Price to Book Value sebagai Variabel Intervening pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Indriyani Indriyani; Rosna Lokano; Ecinta Sari Dewi
Prosiding Seminar Nasional Ilmu Ekonomi dan Akuntansi Vol. 1 No. 2 (2024): Juli : Prosiding Seminar Nasional Ilmu Ekonomi dan Akuntansi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/prosemnasieda.v1i2.33

Abstract

This study aims to analyze the effect of Return on Equity (ROE) on stock prices with Price to Book Value (PBV) as an intervening variable in companies listed on the Indonesia Stock Exchange (IDX). This study uses a quantitative approach with multiple linear regression methods. The sample consists of 64 company financial report data selected through purposive sampling technique. The results showed that ROE has no significant effect on stock prices, with a significance value of 0.511. In contrast, PBV has a positive and significant effect on stock prices, with a significance value of 0.002. Simultaneously, ROE and PBV have a significant effect on stock prices, as indicated by the significance value of the F test of 0.006. However, the R Square value of 0.155 indicates that this model is only able to explain 15.5% of the variation in stock prices, while the rest is influenced by other factors outside the model.