Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA)
Vol. 5 No. 2 (2026): October

THE EFFECT OF RETURN ON EQUITY, EARNING PER SHARE, AND DEBT TO EQUITY RATIO ON SHARE PRICES OF TECHNOLOGY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2020-2024

Sundari (Universitas Malikussaleh)
Rico Nur Ilham (Universitas Malikussaleh)
Jummaini (Universitas Malikussaleh)
Zulfan (Universitas Malikussaleh)
Frengki Putra Ramansyah (Universitas Battuta)



Article Info

Publish Date
25 Oct 2026

Abstract

This study aims to determine the effect of return on equity, earning per share, and debt to equity ratio on stock price in technology sector companies listed on the Indonesia stock Exchange in 2020-2024. The population in this study were technology sector companies listed on the Indonesia Stock Exchange in 2020-2024. The research sample consisted of 17 technology sector companies obtained using apurposive sampling technique. The data collection technique used was documentation . Data analysis was conducted using panel data regression analysis using e-views. The result showed that partially the return on equity variabel had no negative and insignificant effect on stock price. The earning per share variable had a positive and significant effect on stock price. The debt to equity ratio variable had no positive and insignificant effect on stock price in technology sector companieslisted on the Indonesia Stock Exchange in 2020-2024.

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Description

Journal of Accounting Research, Utility Finance and Digital Assets (JARUDA) provides a forum for academics and professionals to share the latest developments and advances in knowledge and practice of business management, both theory and methods. It aims to foster the exchange of ideas on a range of ...