Greenation International Journal of Economics and Accounting
Vol. 4 No. 3 (2026): Greenation International Journal of Economics and Accounting (July - August 202

Influence Factor Fundamental, Volume Trading and Market Value Added to Stock Prices of Technology Sector Companies on IDX Period 2021– 2024

Mulyadi Mulyadi (Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia)
Widi Winarso (Universitas Bhayangkara Jakarta Raya, Jakarta, Indonesia)
Hartanti Hartanti (Universitas Bina Sarana Informatika, Jakarta, Indonesia)
Yani Restiyani Widjaja (Universitas Adhirajasa Reswara Sanjaya, Bandung, Indonesia)



Article Info

Publish Date
30 Aug 2026

Abstract

This study aims to examine and analyze the influence of fundamental factors represented by the current ratio, return on equity, and debt-to-equity ratio, as well as trading volume and market value added variables on the stock prices of Teknologial sector companies listed on the Indonesian Indonesian Stock Exchange (BEI) during the 2021–2024 period. This study uses a quantitative approach with secondary data obtained from published financial reports and stock market data. The study population includes all Teknologial sector companies listed on the BEI, while the sampling technique used is purposive sampling with certain criteria, resulting in 12 companies as research samples with an observation period of five years. The data analysis method used is panel data regression with the help of Eviews 13 software. The results show that partially the current ratio, debt-to-equity ratio, and trading volume have a significant effect on stock prices, indicating that the level of liquidity, capital structure, and trading activity play an important role in determining stock value in the market. Conversely, return on equity and market value added do not have a significant effect on stock prices, indicating that equity-based profitability and market value added are not always the main considerations for investors in this sector. Simultaneously, the current ratio, return on equity, debt to equity ratio, trading volume, and market value added have a significant effect on stock prices, which means that a combination of fundamental factors, market activity, and investor assessments can collectively influence stock price movements of Teknologial sector companies in the BEI.

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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 ...