Pengaruh Profitabilitas, Leverge, Dan Ukuran Perusahaan Terhadap Harga Saham Antara Indonesia Dan Malaysia

Abstract

Penelitian ini bertujuan untuk mengetahui dan menguji secara empiris pengaruh dan perbedaan pengaruh Return On Assets, Debt to Equity Ratio, dan ukuran perusahaan terhadap harga saham perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia dan perusahaan manufaktur yang terdaftar di Bursa Malaysia pada tahun 2016. Sampel yang digunakan dalam penelitian ini masing-masing sebanyak 60 perusahaan manufaktur. Sampel diperoleh menggunakan metode random sampling dan uji Smith-Satterthwait. Penelitian ini dilakukan dengan menggunakan analisis regresi linear berganda. Penelitian ini memiliki hasil Return On Assets dan ukuran perusahaan, berpengaruh positif terhadap harga saham di Bursa Efek Indonesia dan Malaysia sedangkan Debt to Equity Ratio tidak berpengaruh terhadap harga saham Indonesia dan Malaysia dan Return On Asset dan ukuran perusahaan tidak memiliki perbedaan signifikan terhadap harga saham Indonesia dan Malaysia. Kata kunci : Return On Assets, Earnings Per Share, Debt to Equity Ratio, Ukuran Perusahaan, Harga Saham

Financial Ratios and Stock Prices: Unraveling the Dynamics in Indonesia's Industrial and Consumer Staples Sectors

“…It means that the magnitude of a company's ROA cannot affect the height or lowliness of stock prices. This research aligns with Sahari and Suartana (2020) and Ifani, Fujianti, and Astuti (2019), indicating that a high ROA is not particularly attractive to investors in the stock market. In the context of signaling theory, where companies utilize financial metrics as signals to convey their intrinsic value, a consistently high ROA may still serve as a subtle indicator of operational efficiency and financial health.…”

The Comparison Analysis of Indonesian Company's Financial Performance Before and During the Covid-19 Pandemic

“…An investor needs information about the company's financial performance so as not to be wrong in placing their investments which ultimately suffer losses. The financial information needed is information on the company's ability to generate profits or called profitability (Fujianti and Indra 2020;Yusuf and Surjaatmadja, 2018;Prabowo and Korsakul, 2020;Ichsan et al 2021), the ability to pay short-term debt is called liquidity (Akbar, et al 2021), the ability to pay long-term debt is called leverage (Widyastuti, 2019;Ifani et al 2019) and other information. This information is obtained from the analysis of financial statements.…”