Kontigensi: Jurnal Ilmiah Manajemen
Vol 9 No 2 (2021): Kontigensi: Jurnal Ilmiah Manajemen

Analysis of Internal Financial Factors Affecting Stock Prices in Food and Beverage Companies in Indonesia

Rachmawinda Alfioni Azra (Faculty of Economics and Business Trisakti University)
Yessi Monalisa Saruksuk (Faculty of Economics and Business Trisakti University)
Eka Yosi Indriyani (Faculty of Economics and Business Trisakti University)
Farah Margaretha Leon (Faculty of Economics and Business Trisakti University)



Article Info

Publish Date
01 Oct 2021

Abstract

This study aims to examine internal financial factors with financial ratios beta value, acid-test ratio, total assets, financial leverage, and operating profit margin on stock prices. The data collection technique uses secondary data from 14 food and beverage companies with IPOs listed on the IDX for 2012-2019. Data analysis was performed using a panel data regression test with Eviews 9.0 application. The results showed that beta value, financial leverage, operating profit margin had no significant effect on stock prices. However, the acid-test ratio had a significant adverse impact on stock prices, and total assets significantly positively affected stock prices. Thus, the study results can be used as a reference for companies in maintaining and increasing their stock price from financial factors that can influence it. It is also helpful for investors as a consideration in choosing companies to invest in. The update in the research lies in the way the data is tested, namely using a panel data regression test with a sampling period of 8 years (2012-2019 period).

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Journal Info

Abbrev

JIMK

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences

Description

The scope of Kontigensi: Jurnal Ilmiah Manajemen journal covering the field Business and Management. Topic related to these fields can be Business and Management, entrepreneurship, finance, and financial services, human resource management, marketing, industrial relations, insurance, intellectual ...