Manager : Jurnal Ilmu manajemen
Vol. 8 No. 1 (2025): Manager : Jurnal Ilmu Manajemen

THE INFLUENCE OF FINANCIAL PERFORMANCE ON STOCK PRICES OF MINING COMPANIES IN THE METAL AND MINERALS SUB-SECTOR LISTED ON THE IDX FOR THE 2019-2023 PERIOD

Salsabila Desideria (Universitas Ibn Khaldun Bogor, Indonesia)
Titing Suharti (Universitas Ibn Khaldun Bogor, Indonesia)
Diah Yudhawati (Universitas Ibn Khaldun Bogor, Indonesia)



Article Info

Publish Date
27 Jan 2026

Abstract

This study is conducted to evaluate the influence of financial performance on stock prices in mining companies in the metal and mineral subsector listed on the Indonesia Stock Exchange (IDX) during the period 2019-2023. Financial performance in this study is measured using three financial ratio indicators, namely Return on Equity (ROE), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) as independent variables, while stock prices are used as dependent variables. Sample selection was carried out using a purposive sampling method, which resulted in 8 companies as the final sample from 11 firms that satisfied the conditions. The information processing methods applied include classical assumption testing, This research utilizes techniques such as panel data modeling, multiple linear regression analysis, hypothesis testing, and R² measurement. Partially, the results show that ROE and DER do not have a significant effect on stock prices, while TATO has a significant effect. However, the three variables simultaneously proved to have a significant effect on stock prices. Keywords: Financial Performance, Return on Equity (ROE), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO), StockPrice.

Copyrights © 2025






Journal Info

Abbrev

Manager

Publisher

Subject

Education

Description

Jurnal Ilmu Manajemen adalah jurnal program studi manajemen Fakultas Ekonomi dan Bisnis Universitas Ibn Khaldun Bogor .Jurnal ini sebagai media publikasi karya ilmiah ilmu Manajemen dengan scope Manajemen Sumber Daya Manusia.Manajemen Pemasaran,Manajemen Keuangan,Manajemen ...