Greenation International Journal of Economics and Accounting
Vol. 3 No. 4 (2025): Greenation International Journal of Economics and Accounting (December 2025 - F

The Influence of Profitability, Liquidity, and Solvency on Stock Prices in Transportation and Logistics Sector Companies Listed on The Indonesia Stock Exchange Period 2020-2024

Rahman, Abelia Fitri (Unknown)
Mukhzarudfa (Unknown)
Silvera, Dica Lady (Unknown)



Article Info

Publish Date
29 Jan 2026

Abstract

This study examines the influence of profitability, liquidity, and solvency ratios on stock prices of transportation and logistics sector companies listed on the Indonesia Stock Exchange during the 2020-2024 period. The research employs a quantitative approach using secondary data obtained from annual financial statements. Data analysis is conducted through multiple linear regression, supported by classical assumption tests, simultaneous testing (F-test), and partial testing (t-test). The sample consists of 18 companies selected through purposive sampling, resulting in 90 observations over five years. The results indicate that simultaneously, Return On Assets (ROA), Current Ratio (CR), and Debt to Equity Ratio (DER) have a significant effect on stock prices. However, partially, only Current Ratio shows a significant influence on stock prices, while Return On Assets and Debt to Equity Ratio do not demonstrate significant effects. These findings suggest that corporate liquidity is a primary factor considered by investors in evaluating stock prices within the transportation and logistics sector during the study period. The study contributes to signaling theory by demonstrating that liquidity signals are more relevant to investors than profitability and leverage signals in this specific sector and timeframe.

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Journal Info

Abbrev

GIJEA

Publisher

Subject

Economics, Econometrics & Finance

Description

Greenation International Journal of Economics and Accounting (GIJEA) is managed and published by Greenation Research & Yayasan Global Research National, periodically four times a year every March, June, September, and December. GIJEA is a peer-reviewed journal that publishes scientific articles in ...