Indonesian Journal of Economic & Management Sciences (IJEMS)
Vol. 2 No. 4 (2024): August 2024

Firm Size on IDX BUMN 20 Stock Prices: The Role of Mediating Activity and Profitability

Mochammad Ikhlas Ruri Diens Baihaqi (Universitas Sultan Ageng Tirtayasa)
Wawan Ichwanudin (Universitas Sultan Ageng Tirtayasa)
Enis Khaerunnisa (Universitas Sultan Ageng Tirtayasa)

Article Info

Publish Date
30 Aug 2024

Abstract

This study investigates if firm size increases stock prices using activity and profitability as mediating variables. It employs a quantitative causality method using secondary data from financial reports on firm websites and the IDX. The sample includes companies listed in the IDX BUMN 20 index from 2018-2021, using non-probability sampling and unbalanced panel data estimated with a random effects model. Data analysis involves descriptive statistics, mediation regression, and path analysis with Eviews 12 software. Results indicate firm size and profitability positively impact stock price, firm size positively impacts profitability, activity does not impact stock price, and activity and profitability do not mediate the firm size-stock price relationship

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Journal Info
Indonesian Journal of Economic & Management Sciences (IJEMS)
Website

Abbrev

ijems

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Social Sciences

Description

Indonesian Journal of Economic & Management Sciences (IJEMS) is a scientific journal managed by the Formosa Publisher. This journal promotes disseminating research results in all economic, management, business, accounting, law, and Finance areas. The journal includes, but is not limited to the ...