Publisher

PIPI

Journal Bilancia : Jurnal Ilmiah AkuntansiBilancia : Jurnal Ilmiah Akuntansi Abstract

The growth of a countrys economy is also influenced by investment activities. The aim of this study is to analyze the effects of Return On Equity (ROE), Net Profit Margin (NPM), and Debt to Equity Ratio (DER) on stock prices in food and beverage companies listed on the IDX during the period 2019-2022. The independent variables in this research are ROE (X1), NPM (X2), and DER (X3), while the dependent variable is Stock Price (Y). The research utilizes secondary data sourced from the financial statements of sample companies and taken from the Indonesia Stock Exchange website. The analysis approach used is quantitative with multiple linear regression. The findings of the research partially show that NPM has a positive and significant effect, while ROE and DER do not affect stock prices. Simultaneously, the results of the study demonstrated that ROE, NPM, and DER have a positive and significant effect on stock prices.

Conclusion

Based on the results of the analysis, it can be concluded that Return on Equity (ROE) does not significantly influence stock prices, indicating that high ROE does not necessarily lead to increased stock prices as investors may prioritize other company performance indicators.Net Profit Margin (NPM) has a positive and significant impact on stock prices, suggesting that investors are attracted to companies with high profitability from sales.Debt to Equity Ratio (DER) also does not significantly affect stock prices, implying that investors may not be overly concerned with a companys debt levels as long as it can generate sufficient profits.

Future Research

Penelitian selanjutnya dapat memperluas cakupan analisis dengan memasukkan variabel-variabel lain yang berpotensi memengaruhi harga saham, seperti tingkat inflasi, suku bunga, atau sentimen pasar. Hal ini akan memberikan gambaran yang lebih komprehensif mengenai faktor-faktor yang memengaruhi investasi di sektor makanan dan minuman. Selain itu, studi lebih lanjut dapat dilakukan dengan menggunakan metode penelitian yang berbeda, seperti analisis event atau survei investor, untuk mendapatkan perspektif yang lebih mendalam mengenai perilaku investor dan pengambilan keputusan investasi. Terakhir, penelitian di masa depan dapat fokus pada analisis perbandingan antara perusahaan makanan dan minuman dengan sektor industri lainnya untuk mengidentifikasi perbedaan karakteristik dan faktor-faktor yang memengaruhi harga saham di masing-masing sektor, sehingga dapat memberikan wawasan yang lebih luas bagi para investor dan pembuat kebijakan.

References

1. Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi). pengaruh return asset equity profit margin... openjournal.unpam.ac.id/index.php/SKT/article/view/1096Jurnal SEKURITAS Saham Ekonomi Keuangan dan Investasi pengaruh return asset equity profit margin openjournal unpam ac index php SKT article view 1096
2. PENGARUH ROE, NPM, DAN DER TERHADAP HARGA SAHAM DI PERUSAHAAN MAKANAN DAN MINUMAN PERIODE 2019-2022 |... doi.org/10.35145/bilancia.v9i3.4792PENGARUH ROE NPM DAN DER TERHADAP HARGA SAHAM DI PERUSAHAAN MAKANAN DAN MINUMAN PERIODE 2019 2022 doi 10 35145 bilancia v9i3 4792
3. Effect of Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), Current Ratio (CR),... doi.org/10.55927/ijems.v1i4.5035Effect of Return on Assets ROA Return on Equity ROE Debt to Equity Ratio DER Current Ratio CR doi 10 55927 ijems v1i4 5035

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