Jurnal Ekonomi
Vol. 12 No. 01 (2023): Jurnal Ekonomi, 2023 Periode Januari - Maret

ANALYSIS OF CAPITAL STRUCTURE AND PROFITABILITY OF STOCK PRICE IN MANUFACTURING COMPANIES ON THE INDONESIAN STOCK EXCHANGE

Mega Selvi (Universitas Putera Batam)
Syahril Efendi (Universitas Putera Batam)

Article Info

Publish Date
28 Feb 2023

Abstract

The aims of this studies were analyze and determining the effects of Capital Structure & Profitability on stock prices in pharmaceutical companies on the IDX. In its measurement, the Capital Structure variable uses the Debt to Equity Ratio (DER) and Profitability uses Return On Assets (ROA) and Share Prices use Price Book Value (PBV) calculations. This research used quantitative technique. The research sample used was 5 companies with the 2015-2021 period (7 research periods). Determined the sample of this study is 35 samples. Based on the results of hypothesis testing, by partially the DER has a positive and significant effect on PBV. But ROA has no positive and insignificant effect on PBV. Meanwhile, simultaneously, DER and ROA have a positive and significant effect on PBV.

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Journal Info
Jurnal Ekonomi
Website

Abbrev

Ekonomi

Publisher

SEAN INSTITUTE

Subject

Economics, Econometrics & Finance Social Sciences

Description

Journal Ekonomi is a peer-reviewed journal that publishes scientific articles that are the results of original scientific research (top priority) and new scientific review articles (not priority) from various academics and researchers that have not been published elsewhere, including: 1. Accountancy ...