SEIKO : Journal of Management & Business
Vol 6, No 2.1 (2023)

Analysis Of Fundamental Factors That Affect The Stock Price Of Manufacturing Companies

Rantung, Danny Ivan (Unknown)
Ananto, Niel (Unknown)
Oroh, Nouke Sysca (Unknown)
Koapaha, Hartiny Pop (Unknown)



Article Info

Publish Date
16 Nov 2023

Abstract

This study aims to analyze the fundamental factors that affect stock prices in manufacturing companies. There are several fundamental factors used in this study, namely financial ratios consisting of Return on Asset (ROA), Debt to Equity Ratio (DER), Book Value Per Share (BVS). The sampling method used is purposive sampling method. From a population of 133 manufacturing companies listed on the Indonesia Stock Exchange, 36 companies were taken. Hypothesis testing is done using multiple linear regression analysis with panel data, the initial stage is to first conduct a classical assumption test which includes data normality test, multicolonierity, heteroscedasticity and model linearity test. The results of this study indicate that ROA, DER, BVS simultaneously have a significant effect on stock prices. The results of the partial analysis of the fundamental factors Return on Asset (ROA), Debt to Equity Ratio (DER), and Book Value Per Share (BVS) have a positive influence on the stock price of Manufacturing companies on the IDX in 2017-2022. Keyword: Fundamental factors

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Journal Info

Abbrev

seiko

Publisher

Subject

Social Sciences

Description

The Journal Management & Business (SEJaman) provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of management business both theory and practices. It aims to foster the exchange of ideas on a range of important management subjects ...