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Empirical Analysis of Factors Influencing Stock Prices of LQ 45-Listed Companies (2016-2018)

2021-11-30
Published
71-82
Pages
OPEN
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Fathihani Fathihani
Fakultas Bisnis dan Ilmu Sosial, Program Studi Manajemen, Universitas Dian Nusantara, Jakarta, Indonesia
Abstract

Purpose: This study analyzes the factors influencing stock prices of companies listed on the LQ-45 index of the Indonesia Stock Exchange (IDX) from 2016 to 2018. The study examines the impact of financial ratios such as Net Profit Margin (NPM), Earnings Per Share (EPS), Return on Equity (ROE), and Price to Book Value (PBV) on stock prices.

Research Methodology: RA quantitative approach was used with secondary data from the annual financial reports of 24 companies in the automotive sector. Purposive sampling and multiple linear regression analysis were employed to test the hypotheses.

Results: The study finds that NPM and ROE have a significant negative effect on stock prices, while EPS and PBV have a significant positive effect. The coefficient of determination (R²) shows that 81.5% of stock price variation is explained by the independent variables.

Conclusions: EPS and PBV are the most significant factors influencing stock prices, while NPM and ROE have a lesser impact. All independent variables combined have a significant effect on stock prices.

Limitations: The study focuses on 24 companies in the automotive sector, and future research could explore other industries and include external factors like market sentiment.

Contributions: This research offers valuable insights for investors on the financial ratios influencing stock prices, contributing to the academic literature on stock price analysis in the Indonesian market.

Earning Per Share Net Profit Margin Price to Book Value Price Share Return on Equity
How to Cite
Fathihani, F. (2021). Empirical Analysis of Factors Influencing Stock Prices of LQ 45-Listed Companies (2016-2018). Jurnal Bisnis, Ekonomi, Manajemen, Dan Kewirausahaan , 1(2), 71-82. https://doi.org/10.52909/jbemk.v1i1.30
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How to Cite

Fathihani, F. (2021). Empirical Analysis of Factors Influencing Stock Prices of LQ 45-Listed Companies (2016-2018). Jurnal Bisnis, Ekonomi, Manajemen, Dan Kewirausahaan , 1(2), 71-82. https://doi.org/10.52909/jbemk.v1i1.30
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