Pengaruh Profitabilitas dan Struktur Modal Terhadap Harga Saham (Study Empiris Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahun 2017-2019)

Authors

  • Asha Putri Narulita Riswanto Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Fetri Setyo Liyundira Institut Teknologi dan Bisnis Widya Gama Lumajang
  • Yusuf Wibisono Institut Teknologi dan Bisnis Widya Gama Lumajang

Keywords:

Profitability, Capital Structure, Stock Prices

Abstract

This study aims to determine how the effect of Profitability and Capital Structure on Stock Prices in manufacturing companies listed on the Indonesia Stock Exchange in 2017-2019. This study uses a quantitative approach method. The population in this study were 182 companies. Researchers determine the number of samples as many as 24 companies taken with certain criteria (purposive sampling technique). The analytical method used in this research is multiple linear regression analysis. The results show that profitability has an effect on stock prices because a high profitability value indicates a good company performance for the future so that investors will be interested in investing their funds in the company. The interest of investors in this investment will make the company's stock price high. The capital structure has no effect on stock prices because a high capital structure value indicates that the company finances its investment with a composition of more debt than capital, so that the company has obligations that the company must fulfill to outside parties, both in principal and interest. loans and will also pose a risk of the company defaulting on its obligations and high interest rates will reduce the company's profits. This causes investors to tend not to be interested in investing in the company if profits decline, so that the company's stock price will also decrease.

Downloads

Download data is not yet available.

Downloads

Published

2023-06-09

Issue

Vol. 5 No. 4 (2023): Juni 2023

Section

Articles

License

Penulis yang menerbitkan jurnal ini menyetujui ketentuan berikut:

  1. Penulis mempertahankan hak cipta dan memberikan hak jurnal atas publikasi pertama dengan karya yang secara serentak dilisensikan di bawah Lisensi Pengaitan Creative Commons yang memungkinkan orang lain untuk berbagi karya dengan pengakuan atas karya penulis dan publikasi awal dalam jurnal ini.
  2. Penulis dapat masuk ke dalam pengaturan kontrak tambahan yang terpisah untuk distribusi non-eksklusif versi karya jurnal yang diterbitkan (misalnya, mempostingnya ke repositori institusional atau mempublikasikannya dalam sebuah buku), dengan pengakuan publikasi awal dalam jurnal ini.
  3. Penulis diizinkan dan didorong untuk memposting pekerjaan mereka secara online (misalnya, di repositori institusi atau di situs web mereka) sebelum dan selama proses pengajuan, karena dapat mengarah pada pertukaran produktif, serta kutipan pekerjaan yang dipublikasikan sebelumnya dan lebih besar.