STOCK PRICE DETERMINANTS: BEFORE AND DURING THE COVID-19 PANDEMIC

Authors

  • Lina Nur Ardila Sekolah Vokasi UNS, Indonesia
  • Dany Adi Saputra Diploma 3 Akuntansi, Sekolah Vokasi, Universitas Sebelas Maret, Indonesia
  • Christiyaningsih Budiwati Diploma 3 Akuntansi, Sekolah Vokasi, Universitas Sebelas Maret, Indonesia
  • Muhammad Syafiqurrahman Diploma 3 Akuntansi, Sekolah Vokasi, Universitas Sebelas Maret, Indonesia

DOI:

https://doi.org/10.29040/ijebar.v8i4.16560

Abstract

This study aims to analyze the effect of financial variables, namely Earnings per Share (EPS), Return on Assets (ROA), Debt to Equity Ratio (DER), and Price to Book Value (PBV) on Stock Prices in companies listed on the Indonesia Stock Exchange during the period 2018-2021. The analysis method used is multiple linear regression to test the effect of each variable partially and simultaneously. The results of the study show that in 2018-2019, EPS, ROA, and PBV have a significant effect on Stock Prices, while DER does not have a significant effect. Conversely, in 2020-2021, only EPS shows a significant effect on Stock Prices, while ROA, DER, and PBV do not have a significant effect. The overall regression model shows good ability in explaining variations in Stock Prices, with high R Square values, namely 78.7% for 2018-2019 and 82.4% for 2020-2021. This research is expected to provide insight for investors in making investment decisions based on the company's financial performance.

References

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Dzakwan, N., Fariantin, E., & Setiawati, E. (2020). Pengaruh ROA, NPM, EPS, Dan PBV Terhadap Harga Saham Sektor Energi Yang Terdaftar Di BEI. Sekolah Tinggi Ilmu Ekonomi Amm Mataram.

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Rahmani, H. F. (2019). Pengaruh Return On Asset (ROA), Price Earning Ratio (PER), Earning Per Share (EPS), Debt To Equity Ratio (DER) Dan Price To Book Value (PBV) Terhadap Harga Saham Pada PT. Bank Negara Indonesia (Persero) Tbk. Jurnal Penelitian Ekonomi dan Akuntansi.

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Dzakwan, N., Fariantin, E., & Setiawati, E. (2020). Pengaruh ROA, NPM, EPS Dan PBV Terhadap Harga Saham Sektor Energi Yang Terdaftar Di BEI. Sekolah Tinggi Ilmu Ekonomi Amm Mataram.

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Published

2024-12-29

How to Cite

Ardila, L. N., Saputra, D. A., Budiwati, C., & Syafiqurrahman, M. (2024). STOCK PRICE DETERMINANTS: BEFORE AND DURING THE COVID-19 PANDEMIC. International Journal of Economics, Business and Accounting Research (IJEBAR), 8(4). https://doi.org/10.29040/ijebar.v8i4.16560

Issue

Vol. 8 No. 4 (2024): IJEBAR, VOL. 08 ISSUE 04, DECEMBER 2024

Section

Articles

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