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PENGARUH SOLVABILITAS DAN PROFITABILITAS TERHADAP HARGA SAHAM (STUDI KASUS PT GREENWOOD SEJAHTERA TBK) PERIODE TAHUN 2014 – 2023 Syafah, Milatum; Widodo, Adji; Rusnaeni, Nani
Bhinneka Multidisiplin Journal Vol. 3 No. 1 (2026): Bhinneka Multidisiplin Journal
Publisher : Yayasan Education and Social Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53067/bmj.v3i1.99

Abstract

This study aims to determine the effect of Solvency (Debt to Equity Ratio) and Profitability (Net Profit Margin) on the Stock Price of PT Greenwood Sejahtera Tbk. The population and sample used in this research are the Financial Statements of PT Greenwood Sejahtera Tbk, consisting of the Balance Sheet and Income Statement for the period from 2014 to 2023. The type of this research is descriptive quantitative, and the research methods used are Descriptive Statistical Analysis, Classical Assumption Test, Multiple Linear Regression, Hypothesis Testing, and Coefficient of Determination Test. The results of the study in the t-test (partial) show that the Debt to Equity Ratio has a t-value of –1.955 < t-table 2.365 with a significance value of 0.092 > 0.05. This means that the Debt to Equity Ratio does not have an effect on the Stock Price. Meanwhile, the Net Profit Margin has a t-value of -1.704 < t-table 2.365 with a significance value of 0.132 > 0.05. This means that NPM does not have an effect on Stock Prices. Based on the results of the F test (simultaneous), it shows that the calculated F value of 3.514 < the table F value of 4.46 with a significance value of 0.088 > 0.05. This means that there is no simultaneous effect between the Debt to Equity Ratio and Net Profit Margin variables on Stock Prices. The research results on the coefficient of determination show that the influence of the Debt to Equity Ratio and Net Profit Margin on Stock Price is 35.80%. Meanwhile, the remaining 64.20% is influenced by other variables that were not examined.