International Journal Management and Economic (IJME)
Vol. 5 No. 1 (2026): January: International Journal Management and Economic

DETERMINANTS OF STOCK PRICES IN COAL MINING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE

Ari Kharisma (Unknown)



Article Info

Publish Date
04 Feb 2026

Abstract

This study aims to analyze the factors affecting stock prices, namely Return on Assets (ROA), Return on Equity (ROE), and Earnings per Share (EPS), in coal mining sub-sector companies listed on the Indonesia Stock Exchange (IDX). The research sample consists of 15 companies selected using a purposive sampling technique. The data used are secondary data obtained from the official website of the Indonesia Stock Exchange (www.idx.co.id). Parametric tests were employed, and the analytical methods included classical assumption tests, multiple linear regression analysis, the coefficient of determination, and hypothesis testing. The results indicate that ROA, ROE, and EPS have a significant effect on stock prices of coal mining sub-sector companies listed on the IDX during the 2022–2024 period. However, ROA and ROE do not have a significant partial effect, although the combined influence of these three variables remains relevant in determining stock prices.

Copyrights © 2026






Journal Info

Abbrev

IJME

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal Management and Economic (IJME) is published three times a year, in January, Mey and September by Asosiasi Dosen Muda Indonesia. IJME aims to: Promote the latest research results on Management and/or Entrepreneurship and also Economic. Only publish the results of Subjects ...