Mount Hope Global Economic Journal
Vol. 2 No. 2 (2024)

THE INFLUENCE OF INFLATION, RETURN ON ASSETS (ROA), AND DEBT TO EQUITY RATIO (DER) ON STOCK PRICES OF FOOD AND BEVERAGE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FROM 2019 TO 2023

Irfan Fernando Sijabat (Unknown)
Yogi Juventus Suratma Karokaro (Unknown)
Jessi Charina Sembiring (Unknown)
Dewi Simatupang (Unknown)



Article Info

Publish Date
07 Sep 2024

Abstract

This study aims to analyze and test the influence of Inflation, Return On Assets (ROA), and Debt to Equity Ratio (DER) on the stock prices of Food and Beverage companies listed on the Indonesia Stock Exchange from 2019 to 2023. The independent variables in this research are Inflation, Return On Assets, and Debt to Equity Ratio. The dependent variable is the Stock Price. The population consists of 95 Food and Beverage companies listed on the Indonesia Stock Exchange during 2019 - 2023, and the sample includes 21 companies. Data testing and analysis were conducted using E Views 12 software with panel data. Using multiple linear regression analysis, the partial test results indicate that Inflation, ROA, and DER simultaneously do not affect stock prices. The partial test also shows that Inflation, ROA, and DER have no effect on the stock prices of Food and Beverage companies listed on the Indonesia Stock Exchange from 2019 to 2023, with a coefficient of determination of 5%.

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Journal Info

Abbrev

MEGA

Publisher

Subject

Economics, Econometrics & Finance

Description

Mount Hope Economic Global Journal (MEGA) is an international journal intended for professionals and researchers in all fields of Economic. Mount Hope Economic Global Journal (MEGA) publishes research articles and reviews within the whole field Economic, new teaching methods, assessment, validation ...