Journal of Accounting Research, Organization and Economics (JAROE)
Vol 4, No 1 (2021): JAROE Vol. 4 No. 1 April 2021

Determinants of Stock Prices: Evidence of Manufacturing Companies Listed on the Indonesia Stock Exchange

Deafatunnizwa Ulfida (Syiah Kuala University)
Nadirsyah Nadirsyah (Universitas Syiah Kuala)
Ridwan Ibrahim (Universitas Syiah Kuala)



Article Info

Publish Date
30 Apr 2021

Abstract

Objective – This study aimed to test and analyze the effect of the audit opinion, audit report lag, profitability, and leverage on stock prices in manufacturing companies listed on the Indonesian Stock Exchange (BEI) for the period of 2012-2018, either simultaneously or partially.  Design/methodology – A total of 55 manufacturing companies were the samples of this study, and they were collected using a purposive sampling technique. Data analysis was conducted using multiple linear regression. Results – This study indicates that simultaneously audit opinion, audit report lag, profitability, and leverage can affect stock prices. Partially, auditing report lag and profitability calculated using ROA can affect stock prices. Meanwhile, audit opinion and leverage partially do not affect stock prices. Contribution – this study provides evidence on the factors influencing the stock prices specifically within the environment of listed manufacturing companies in Indonesia.

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Journal Info

Abbrev

JAROE

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

The scope of JAROE covers business and economics related fields. It receives and publishes conceptual, research, and review papers in business and economics related fields. It aims to be a highly reputable journal which publish high quality articles. Subject areas suitable for publication in JAROE ...