Jurnal Keuangan dan Bisnis
Vol. 22 No. 2 (2024): Jurnal Keuangan Dan Bisnis Volume 22, Number 2, October 2024

NAVIGATING FINANCIAL TURBULENCE: HOW DISTRESS AFFECTS STOCK PRICES IN INFRASTRUCTURE, UTILITIES, AND TRANSPORTATION

Tiara, Tiara (Unknown)
Munawarah, Munawarah (Unknown)
Yunus Kasim, Muhammad (Unknown)
Fera, Fera (Unknown)



Article Info

Publish Date
30 Oct 2024

Abstract

This study investigates the impact of X-Score, Return on Assets (ROA), Debt to Assets Ratio (DAR), and Current Ratio (CR) on the stock prices of companies in the infrastructure, utilities, and transportation sectors listed on the Indonesia Stock Exchange. A quantitative approach with secondary data was employed, using multiple linear regression analysis. The Zmijewski Score model was utilized to assess the likelihood of company survival. The findings reveal that X-Score, ROA, DAR, and CR positively influence stock prices. The analysis demonstrates that ROA significantly impacts stock prices, suggesting that company profitability is a key determinant. Furthermore, effective debt management, as indicated by DAR, enhances market value. However, CR shows no significant relationship with stock prices, indicating that liquidity ratios do not necessarily correlate with market performance.

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Journal Info

Abbrev

jkb

Publisher

Subject

Economics, Econometrics & Finance Social Sciences

Description

Jurnal Keuangan dan Bisnis: Jurnal Keuangan dan Bisnis terbit secara berkala dua kali setahun yaitu bulan Maret dan Oktober. Jurnal Keuangan dan Bisnis bertujuan untuk menyediakan forum penyebaran aplikasi teori dan penelitian di semua bidang Ekonomi, Manajemen dan Akuntansi , termasuk tetapi tidak ...