International Journal of Social Science
Vol. 2 No. 6: April 2023

INTERNAL AND EXTERNAL FACTORS ON STATE-OWNED ENTERPRISES STOCK PRICES

Haris Roseno (Universitas Terbuka)



Article Info

Publish Date
01 Apr 2023

Abstract

Stocks are proof of ownership with their value determining the amount of control over a company. Shares are securities aimed at obtaining fresh funds from investors, for investor's stocks are investments that provide ownership rights. Share prices are determined by demand and supply made by investors. However, investors before making transactions on the stock exchange will conduct an analysis involving external and internal factors. The purpose of this study is to determine the effect of external and internal factors on the stocks prices of state-owned enterprises which are majority owned by the state and of course get privileges and full support from the government. This study uses panel data which aims to analyze the influence of external and internal factors on the stock prices of 14 State-Owned Enterprises listed on the Indonesia Stock Exchange from 2015 to 2020. Using the multiple regression analysis method with the fixed effect model as the selected model, the results show that factors Externally, namely Indonesia's trade balance and the exchange rate, it has a significant negative effect, while internal factors, consisting of the current ratio and debt to equity ratio, also have a significant negative effect on SOE stock prices

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Journal Info

Abbrev

IJSS

Publisher

Subject

Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Education Environmental Science Health Professions Languange, Linguistic, Communication & Media Medicine & Pharmacology Public Health Social Sciences Other

Description

"IJSS” for International Journal of Sosial Science, published by Bajang Instiute. Published in two formats, printed version of ISSN:2798-3463 and the online version of ISSN:2798-4079, both of which are published six times in one year. The scope of the journal studies broadly includes: Culture (a ...