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All Journal Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Beni Seftiawan
Universitas Bina Darma
Agriculture, Biological Sciences & Forestry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Industrial & Manufacturing Engineering Social Sciences

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Pengaruh Return on Assets (ROA), Debt To Equity Ratio (DER), dan Current Ratio (CR) Terhadap Harga Saham Perusahaan Rokok di Bursa Efek Indonesia Periode 2017-2024 Beni Seftiawan; Poppy Indriani
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 11 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i11.9617

Abstract

This study aims to analyze the effect of Return on Assets (ROA), Debt to Equity Ratio (DER), and Current Ratio (CR) on the stock prices of cigarette companies listed on the Indonesia Stock Exchange (IDX) during the 2017–2024 period. The data used are secondary data obtained from annual financial reports and stock prices of four cigarette issuers: PT Gudang Garam Tbk, PT Hanjaya Mandala Sampoerna Tbk, PT Bentoel Internasional Investama Tbk, and PT Indonesian Tobacco Tbk. The analysis method used is multiple linear regression with classical assumption tests. The results show that partially, ROA and CR have a significant positive effect on stock prices, while DER has a significant negative effect. Simultaneously, the three variables significantly affect stock prices. These findings support the signaling theory and provide important implications for investors and company management in making financial decisions.
Co-Authors Poppy Indriani