The Effect of Financial Performance on Stock Prices in Telecommunication Companies Listed on the IDX

Andi Awalia Ramadhani (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tadulako)
Darman (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tadulako)
Juliana Kadang (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tadulako)
Suryadi Samudra (Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Tadulako)

Al-Kharaj: Journal of Islamic Economic and Business
Vol. 8 No. 2 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi

This study aims to find out and analyze the influence of financial performance on the stock price of telecommunication companies listed on the IDX. This type of research is quantitative. The population in this study is the financial statements of telecommunication companies on the IDX which amount to 18 companies. The analysis technique used is multiple linear regression analysis. The results of this study show that financial performance variables  have a significant effect on the stock prices of telecommunication companies listed on the IDX. The current ratio partially has a significant effect on the share price of telecommunication companies listed on the IDX,  the debt to equity ratio partially has a significant effect on the share price of telecommunication companies listed on the IDX,  return on equity partially has a significant effect on the share price of telecommunication companies listed on the IDX and total asset turnover partially has a significant effect on the share price of telecommunication companies listed on the IDX