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All Journal Jurnal Management Risiko dan Keuangan
Harits, Abdul Gamal
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Decision Sciences, Operations Research & Management

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Profitability, Leverage, and Firm Size: Their Impact on Stock Price of Property and Real Estate Companies Listed on IDX Harits, Abdul Gamal; Djazuli, Atim
Jurnal Management Risiko dan Keuangan Vol. 4 No. 3 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Universitas Brawijaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/jmrk.2025.04.3.02

Abstract

Purpose – This study aims to examine the influence of profitability, leverage, and firm size on the stock prices of property and real estate companies listed on the Indonesia Stock Exchange.     Design/methodology/approach – This quantitative study uses secondary data from the official Indonesia Stock Exchange website. A total of 21 companies were selected through purposive sampling from 94 listed property and real estate firms during the 2020–2023 period, resulting in 84 observations. Profitability is measured using Return on Assets (ROA), leverage using the Debt-to-Equity Ratio (DER), and firm size using total assets. Data were analyzed using multiple linear regression.   Findings – The results indicate that profitability does not have a significant effect on stock prices. In contrast, leverage and firm size have significant effects on stock prices.   Originality/value – This study provides empirical evidence on the relative importance of capital structure and firm size over profitability in explaining stock price movements in Indonesia’s property and real estate sector.  
Co-Authors Atim Djazuli