The Influence of Liquidity, Solvency, Profitability, and Activity on Stock Price of Telecommunication Companies on IDX

##plugins.themes.academic_pro.article.main##

Abdullah Hanif Muthohhari
Eni Wuryani

Abstract

This research was conducted to determine simultaneously or partially the effect of liquidity, solvency, profitability, and activity on stock prices at telecommunications companies listed on the IDX in the 2019-2021 period. This research was conducted using a quantitative method using four independent variables which include liquidity represented by the current ratio, solvency represented by the debt-to-equity ratio, profitability represented by return on assets, and activity represented by total assets turnover, and used one dependent variable namely the stock price. The results obtained in this study are that simultaneously the independent variables influence the dependent variable. Partially, liquidity has a negative effect on stock prices, solvency has a positive effect on stock prices, profitability has no effect on stock prices, and activity has a positive effect on stock prices.

##plugins.themes.academic_pro.article.details##

How to Cite
Muthohhari, A. H. ., & Wuryani, E. . (2023). The Influence of Liquidity, Solvency, Profitability, and Activity on Stock Price of Telecommunication Companies on IDX. Nomicpedia: Journal of Economics and Business Innovation, 3(2), 62–71. Retrieved from https://journal.inspirasi.or.id/nomicpedia/article/view/205

References

  1. Dewi, I. K., & Solihin, D. (2020). Pengaruh Current Ratio dan Net Profit Margin Terhadap Harga Saham pada Perusahaan Makanan dan Minuman Yang Terdaftar di Bursa Efek Indonesia (BEI) Periode 2015-2018. Jurnal Ilmiah Feasible (JIF), Vol 2, No 2 (2020): Jurnal Ilmiah Feasible (JIF): Bisnis, Kewirausahaan dan Koperasi, 183–191.
  2. Dewi, S., & Hidayat, R. (2014). Pengaruh Net Profit Margin dan Return on Assets terhadap Harga Saham pada Perusahaan Otomotif yang Terdaftar di Bursa Efek Indonesia. Ilman, 1, 1–10.
  3. Dharma, P. Y. Y., & Wiagustini, N. L. P. (2013). Pengaruh Likuiditas dan Leverage Terhadap Profitabilitas dan Nilai Perusahaan Pada Perusahaan Perbankan di BEI. Jurnal Wawasan Manajemen, 01(02).
  4. Faleria, R. E., Lambey, L., & Walandouw, S. K. (2017). Pengaruh current ratio, net profit margin dan earning per share terhadap harga saham di Bursa Efek Indonesia (Studi Kasus pada Sub Sektor Food and Beverages). Going Concern: Jurnal Riset Akuntansi, 12(2).
  5. Fama, E. F., & French, K. R. (2015). A five-factor asset pricing model. Journal of Financial Economics, 116(1), 1–22.
  6. Fernando, J. (2022). Debt-to-Equity (D/E) Ratio Formula and How to Interpret It. In Investopedia. https://www.investopedia.com/terms/d/debtequityratio.asp
  7. Harahap, S. S. (2013). Analisis Kritis atas Laporan Keuangan. PT Raja Grafindo Persada.
  8. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. The Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
  9. Kasmir. (2013). Bank dan Lembaga Keuangan Lainnya. PT Raja Grafindo Persada.
  10. Kasmir. (2018). Analisis Laporan Keuangan (11th ed.). Rajawali Pers.
  11. Kesuma, A. (2009). Analisis faktor yang mempengaruhi struktur modal serta pengaruhnya terhadap harga saham perusahaan real estate yang go public di Bursa Efek Indonesia. Jurnal Manajemen Dan Kewirausahaan, 11(1), 38–45.
  12. Lestari, I. S. D., & Suryantini, N. P. S. (2019). Pengaruh CR, DER, ROA, dan PER Terhadap Harga Saham Pada Perusahaan Farmasi di BEI. E-Jurnal Manajemen Universitas Udayana, 8(3), 1844. https://doi.org/10.24843/ejmunud.2019.v08.i03.p24
  13. Öztürk, H., & Karabulut, T. A. (2018). The relationship between earnings-to-price, current ratio, profit margin and return: an empirical analysis on Istanbul stock exchange. Accounting and Finance Research, 7(1), 109–115.
  14. Putra, D. A. (2017). Pengaruh Price Earning Ratio (PER) Dan Debt to Equity Ratio (DER) terhada Harga Saham pada Jakarta Islamic Index (JII) Periode 2012-2016 (Studi Kasus pada Perusahaan Konsumsi dan Properti). UNIVERSITAS ISLAM NEGERI RADEN FATAH.
  15. Silviana, & Rocky. (2013). Analysis of Return on Assets and Earnings per Share on The Stock Market in The Banking Companies In Bursa Efek Indonesia (Indonesia Securities Exchange).
  16. Tandelilin, E. (2010). Portofolio dan Investasi: Teori dan aplikasi. Kanisius.
  17. Tumandung, C., Murni, S., & Baramuli, D. (2017). Analisis Pengaruh Kinerja Keuangan terhadap Harga Saham pada Perusahaan Makanan dan Minuman yang Terdaftar di Bei Periode 2011 – 2015. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(2), 1728–1737.
  18. Vedd, R., & Yassinski, N. (2015). The effect of financial ratios, firm size & operating cash flows on stock price: Evidence from the latin america industrial sector. Journal of Business and Accounting, 8(1), 15.
  19. Wibowo, A., & Nugrahanti, Y. R. (2018). Determinants of stock prices in the Indonesian capital market: A fundamental analysis. International Journal of Trade and Global Markets, 11(2), 108–118.
  20. Yanto, E., Christy, I., & Cakranegara, P. A. (2021). The influences of return on asset, return on equity, net profit margin, debt equity ratio and current ratio toward stock price. International Journal of Science, Technology & Management, 2(1), 300–312.
  21. Youriza, Y., Wahyudi Salasa Gama, A., & Putu Yeni Astiti, N. (2020). Pengaruh Debt To Equity Ratio, Return on Equity, Dan Return on Assets Terhadap Harga Saham Pada Perusahaan Farmasi Yang Terdaftar Di Bursa Efek Indonesia (Bei) Tahun 2014-2018. Values, 1(3), 28–38.