The Effect of Financial Performance on Stock Prices of Automotive and Component Sub Sector Companies in the Indonesia Stock Exchange



Abstract Views
1122

Downloads
1009

Citations

Share

##plugins.themes.bootstrap3.article.sidebar##

Submitted Jul 25, 2022
Published Aug 22, 2022
10.24018/ejbmr.2022.7.4.1595

Abstract viewed = 1122 times

Table of Contents

##plugins.themes.bootstrap3.article.main##

The tock price is a measure of investor interest in investing in a company. Companies that have good financial performance are generally the main focus of investors. Analysis of a company can be done by analyzing financial ratios. The phenomenon that occurs in the automotive and component sub-sector companies is the occurrence of stock price fluctuations caused by the company's internal and external factors. This study aims to analyze the effect of financial performance on stock prices of companies in the automotive and component sub-sectors on the Indonesia Stock Exchange. The data used in this study is secondary data, namely by looking at the financial statements of the automotive and component sub-sector companies on the Indonesia Stock Exchange which can be accessed through the website www.idx.co.id. This study uses the method of determining the sample using purposive sampling. The sample used is the automotive and component sub-sector companies on the Indonesia Stock Exchange, with 60 data. The analysis technique used is multiple linear regression. The results show that Return on Assets (ROA) has a positive effect on stock prices of companies in the automotive and component sub-sectors on the Indonesian stock exchange. Current Ratio (CR) has a negative effect on stock prices of companies in the automotive and component sub-sectors on the Indonesian stock exchange. Debt to Equity Ratio (DER) has a negative effect on the stock prices of companies in the automotive and component sub-sectors on the Indonesia Stock Exchange.

Downloads

Download data is not yet available.

References

  1. Andrean, M. E. (2020). Pengaruh Ukuran Perusahaan, Roe, Der Dan Eps Terhadap Harga Saham Pada Perusahaan Makanan Dan Minuman Yang Terdaftar Di Bursa Efek Indonesia Periode 2015–2019. Jurnal Ilmiah Ekonomi Bisnis, 6(3), 1–20.
     Google Scholar
  2. Ardianto, M. J., Chabachib, M., & Mawardi, W. (2017). Pengaruh Kepemilikan Institusional, DER, ROA, Dan Current Ratio Terhadap Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Intervening (Studi Pada Perusahaan Manufaktur di BEI Periode Tahun 2011-2015). Journal Universitas Diponegoro, 2(2), 1–10.
     Google Scholar
  3. Ariesa, Y., & Sitepu, Y. P. C. B. (2020). Effect of Dividend Policy ( Dpr ), Liquidity ( Cr ) and Profitability on Share Price At Trade , Service and Investment Sectors At Indonesia Stock Exchange in Period of 2014-2018. Jurnal Ekonomi Bisnis Manajemen Prima, 1(2), 83–97.
     Google Scholar
  4. Bulutoding, L., Parmitasari, R. D. A., & Dahlan, M. A. (2018). Pengaruh Return On Asset (ROA) Dan Debt To Equity Ratio (DER) Terhadap Harga Saham Dengan Kebijakan Dividen Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII) Periode 2010-2016). Jurnal Ilmiah Akuntansi Peradaban, 4(2), 1–14.
     Google Scholar
  5. Dewangga, C., & Dewi Saptantinah, F. H. (2020). Pengaruh Kinerja Keuangan dan Makro Ekonomi Terhadap Harga Saham pada Studi Kasus Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2014-2018. Jurnal Akuntansi Dan Sistem Teknologi Informasi, 16(1), 1–10.
     Google Scholar
  6. Djazuli, A. (2017). The Relevance of Leverage , Profitability , Market Performance , and Macroeconomic to Stock Price. Ekonomi Bisnis, 22(2), 112–122.
     Google Scholar
  7. Khairudin, & Wandita. (2017). Analisis Pengaruh Rasio Profitabilitas, Debt To Equity Ratio (DER) dan Price To Book Value (PBV) Terhadap Harga Saham Perusahaan Pertambangan di Indonesia. Jurnal Akuntansi Dan Keuangan, 8(1), 68–84.
     Google Scholar
  8. Masyitah, E., & Harahap, K. K. S. (2018). Analisis Kinerja Keuangan Menggunakan Rasio Likuiditas Dan Profitabilitas. Jurnal Akuntansi Dan Keuangan Kontemporer, 1(1), 33–46.
     Google Scholar
  9. Nalurita, F. (2015). The Effect of Profitability Ratio, Solvability Ratio, Market Ratio on Stock Return. Business and Entrepreneurial Review, 15(1), 73–94.
     Google Scholar
  10. Noermaidah, R., Aria, S., Siskawati, D., & Arjuna, J. (2020). Pengaruh Inflasi, Suku Bunga, Kurs, Current Ratio, Net Profit Margin, Debt to Equity Ratio, Earning Per Share Terhadap Harga Saham. JCA Ekonomi, 1(1), 52–63.
     Google Scholar
  11. Prabowo, R., & Sutanto, A. (2019). Analisis Pengaruh Struktur Modal, dan Likuiditas terhadap Profitabilitas pada Perusahaan Sektor Otomotif di indonesia. Jurnal Samudra Ekonomi Dan Bisnis, 10(1), 1–11.
     Google Scholar
  12. Purwaningsih, S. (2020). The Effect of Profitability, Sales Growth and Dividend Policy on Stock Prices. Asian Journal of Economics, Business and Accounting, 18(3), 13–21.
     Google Scholar
  13. Putra, A. H. E. A., Mendra, N. P. Y., & Saitri, P. W. (2021). Analisis Pengaruh CR, ROE, ROA, Dan PER Terhadap Harga Saham Perbankan Di BEI Tahun 2017-2019. Kumpulan Hasil Riset Mahasiswa Akuntansi (KHARISMA), 3(1), 84–93.
     Google Scholar
  14. Qorinawati, V., & Adiwibowo, A. S. (2019). Pengaruh Kinerja Keuangan Terhadap Harga Saham (Studi Empiris Pada Emiten Yang Konsisten Masuk Dalam Indeks Lq45 Tahun 2015-2017). Diponegoro Journal of Accounting, 8(1), 1–11.
     Google Scholar
  15. Renaldi, J. Y., Pinem, D. B., & Permadhy, Y. T. (2020). Analysis Of Factors Affecting the Value Of Manufacturing Industry Companies in the Indonesian Stock Exchange (IDX). European Journal of Business and Management Research, 5(1), 1–8.
     Google Scholar
  16. Riani, M., Muda, I., & Rini, E. S. (2020). The Analysis of the Influence of Financial Performance on Stock Prices with Earning Growth as a Moderating Variable in Infrastructure, Utility and Transportation Sector Companies Listed on the Indonesia Stock Exchange. International Journal of Innovative Science and Research Technology, 5(8), 897–904.
     Google Scholar
  17. Rosikah, D. K., Prananingrum, D. A., Muthalib, M. I. A., & Rohansyah, M. (2018). Effects of Return on Asset , Return On Equity , Earning Per Share on Corporate Value. The International Journal of Engineering and Science (IJES), 7(3), 6–14.
     Google Scholar
  18. Sitompul, S., & Nasution, S. K. (2019). The Effect of Car, BOPO, NPF, and FDR on Profitability of Sharia Commercial Banks in Indonesia. Budapest International Research and Critics Institute (BIRCI-Journal) : Humanities and Social Sciences, 2(3), 234–238.
     Google Scholar
  19. Suryawan, W. (2017). Pengaruh Current Ratio, Debt To Equity Ratio dan Return On Assets pada Harga Saham. E-Jurnal Akuntansi Universitas Udayana, 21(2), 1317–1345.
     Google Scholar
  20. Wardana, M. G. W., & Fikri, M. A. (2019). Pengaruh Kinerja Keuangan Terhadap Harga Saham Pada Perusahaan Properti Dan Real Estate Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Fokus Manajemen Bisnis, 9(2), 206–228.
     Google Scholar