Jurnal Riset Manajemen
Vol 2 No 4 (2025): Desember

The Effect of Liquidity and Leverage on Share Prices in Metal Subsector Manufacturing Companies Listed on BEI Th 2018-2021

Frisca Widya Diningsih (Universitas Ekasakti, Indonesia)
Teti Chandrayanti (Universitas Ekasakti, Indonesia)
Delori Nancy Meyla (Universitas Ekasakti, Indonesia)



Article Info

Publish Date
28 Dec 2025

Abstract

The average condition of share prices in metal sub-sector manufacturing companies in 2018 - 2021 was fluctuating, a significant decline in share prices occurred in 2021 with a nominal value of 568.19. The decline in shares in the capital market was marked by a decline in investor interest in several sectors and also a decline in the manufacturing index which resulted in a weakening of the national economy. The aim of the research is to determine the effect of liquidity and leverage on share prices in metal sub-sector manufacturing companies listed on the IDX 2018-2021. The data collection method is Library Research. The type and source of data is secondary data. Population is a whole or set of similar objects. The population in this study were 17 metal sub-sector manufacturing companies listed on the IDX 2018-2021. The sample used in this research was 11 companies using company financial reports for the period 2018 to 2021. So the total sample in this research was 11 companies x 4 periods = 44 financial reports.  The analytical method used is multiple linear regression analysis, coefficient of determination and hypothesis testing t and F. The results of the research found: (1) liquidity has a significant positive effect on share prices in metal sub-sector manufacturing companies listed on the IDX 2018-2021. (2) Leverage has a positive effect on share prices in metal sub-sector manufacturing companies listed on the IDX 2018-2021, (3) together the liquidity and leverage variables have an insignificant effect on share prices in metal sub-sector manufacturing companies listed on the BEI 2018-2021.

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Journal Info

Abbrev

jurma

Publisher

Subject

Humanities Economics, Econometrics & Finance Education Other

Description

Jurnal Riset Manajemen merupakan jurnal ekonomi yang menyajikan hasil-hasil penelitian dan gagasan konseptual terkini pada ruang lingkup Manajemen. Jurnal Riset Manajemen diterbitkan tiga kali setahun yaitu Maret, Juni, September & Desember dalam bahasa ...