Effect of Profitability, Company Size and Capital Structure on Stock Prices in the Consumer Goods Industry Sector Listed on the Indonesia Stock Exchange (original) (raw)
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International journal of economics, business and management research, 2023
The purpose of this study is to determine and analyze the significant effect of capital structure and profitability simultaneously or partially on stock prices in food and beverage companies listed in the Indonesia Stock Exchange and to determine and analyze the dominant variables of capital structure and profitability on stock prices. This research is a research design with a quantitative approach. The research data used is secondary data in the form of financial ratio data, while the data source is obtained through the site http://www.idx.co.id. The population in this study were all food and beverage companies listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling method so that the number of samples that could be taken was 14 companies. The data collection technique is through documentation, while the data analysis technique uses multiple linear regression models. Based on the analysis results indicate that the independent variables, namely capital structure and profitability have a significant effect on stock prices in food and beverage companies listed on the Indonesia Stock Exchange. The partial test results show that the equity structure has a significant negative effect on stock prices in food and beverage companies listed on the Indonesia Stock Exchange. Profitability has a significant positive effect on stock prices in food and beverage companies listed on the Indonesia Stock Exchange. Profitability is a variable that has a dominant effect on stock prices in food and beverage companies listed on the Indonesia Stock Exchange.
International Journal of Advances in Scientific Research and Engineering , 2020
This research was conducted to examine the effect of profitability, company size and company growth on firm value through the capital structure of food and beverage companies listed on the IDX for the 2014-2018 period. The analysis was carried out using secondary data, namely financial reports on the Indonesian Stock Exchange. The technique used in sampling is purposive sampling. The number of samples obtained were 11 food and beverage companies. The analysis technique uses path analysis. The results of the analysis show that profitability has a positive (significant) effect on capital structure, firm size and firm growth has no effect on capital structure, profitability has a positive (significant) effect on firm value. Firm size and company growth have no effect on firm value, capital structure has a negative (significant) effect on firm value. This research shows that investors and traders only pay attention to the profitability of the company to assess the company, have not considered the size of the company and the growth of the company and the capital structure.
Journal of Accounting Research, Utility Finance and Digital Assets
This study examines the effect of capital structure, firm size, profitability, and dividend policy on the value of food and beverage companies listed on the Indonesia Stock Exchange during 2017-2021. This study uses secondary data, and the samples are 10 food and beverage companies listed on the Indonesia Stock Exchange during 2017-2021. The sampling technique used purposive sampling technique. The data analysis method used is the panel data regression analysis method. The results indicate that capital structure positively and significantly affects firm value, firm size positively and significantly affects firm value, profitability has no significant effect on firm value, and dividend policy positively and significantly affects the value of food and beverage companies listed on the Indonesia Stock Exchange for 2017-2021.
EFFECT OF COMPANY SIZE, PROFITABILITY AND CAPITAL STRUCTURE ON FIRM VALUE IN INDONESIA
ABSTRACT : Rated companies are certain conditions that have achieved by a company as an illustration of public trust in the company after going through a process of activities for several years, from the time the company was founded until now. Firm value is often associated with stock prices. The highest share price makes the value of the company will also be high. This study aims to examine the effect of company size, profitability, and capital structure on Firm value. This research was conducted on the Indonesia Stock Exchange (IDX) in year 2019. The number of samples used in the study were413 companies, which were taken using a purposive sampling method with several predetermined criteria. The data analysis technique used is multiple linear regression. The results of this study indicate that company size, profitability, and capital structure have a significant effect on Firm value. Partially, company size and profitability have a positive and significant effect on firm value with a significance value of 0.00 each. While the capital structure does not affect the value of the company indicated by the significance value of 0.54. KEYWORDS: Firm value, Company Size, Profitability, Capital Structure.
MEC-J (Management and Economics Journal), 2023
Study this aim for analyze and explain influence capital structure and profitability to score company on company industry pharmacy on the Indonesia Stock Exchange. Population study this is company pharmacy listed on the Indonesia Stock Exchange period observation year 2019-2021. Methodology study this use purposive sampling method with total 8 companies. Analysis on research this conducted with use analysis multiple linear regression and assumption test classic on the SPSS program. by Partial results analysis panel data regression shows that influential capital structure positive significant to score company. Influence profitability by Partial show that results analysis influential panel data regression positive significant to score company. DER and ROA variables individually simultaneous show that take effect positive significant to score company. Enhancement price good stock take effect to decision investment. The more many investors invest, then will raise score company. Good profitability for company that is show ability company produce profit clean. High profitability will influence price stock later will attract investors to buy stock.
Journal Research of Social, Science, Economics, and Management, 2021
This study examines factors that affect profitability in the consumer goods sector listed on the Indonesia Stock Exchange (IDX) for the 2015-2020 period. In this study, the population are consumer goods sector companies listed on the Indonesia Stock Exchange for the 2015-2020 period. The technique used purposive sampling that obtained as many as 19 companies for the research objects. The independent variable in this study is Return On Assets (ROA). In contrast, the independent variables are Current ratio (CR), Debt to equity ratio (DER), Total Asset Turnover (TATO), Working Capital (WC), Sales Growth (Grow), Size Company (Firm Size), World Oil Price (Oil Price), and Exchange Rate. The test method to determine the effect of the independent variable on the dependent variable is the panel data regression analysis method which is processed using E-VIEWS 12. Based on the results of simultaneous research, it is known that CR, TATO, GROW have a significant positive effect on profitability...
International Journal of Advanced Research
This study aims to analyze how the influence of capital structure and profitability on the value of companies in sub-Sector Health Companies on the Indonesia Stock Exchange. The sample consists of 8 companies listed on the Indonesia Stock Exchange for the period 2010-2020. The data used in this study is capital structure data represented by Debt to Asset Ratio and Debt to Equity Ratio, profitability data represented by Return On Asset Ratio, all of which areindependent variabels. While the value of the company is represented by Price to Book Value as a dependent variable. This study uses secondary data in the form of financial statements of sample companies and sample determination using purposive sampling techniques. Data analysis uses classical assumption tests and multiple linear regressions. Based on the results of the statistical test, the Debt to Asset Ratio variable has a negative and significant relationship with price to book value. And Debt to Equity Ratio and Return On As...
https://www.ijrrjournal.com/IJRR\_Vol.9\_Issue.12\_Dec2022/IJRR-Abstract33.html, 2022
The purpose of this research is to analyze effect of earnings per share, current ratio, capital structure, return on equity ratio, and debt ratio to share price in Trading and Investment Companies Listed on the Indonesia Stock Exchange period 2017 to 2019. The research approach is associative quantitative. The population used is 77 Trading and Investment Companies listed on the Indonesia Stock Exchange period 2017 to 2019 and a sample of 60 data is obtained from purposive sampling technique. The analysis technique uses multiple linear regression analysis. The results show that earnings per share have a positive and significant effect to share price in Trading and Investment Companies Listed on the Indonesia Stock Exchange period 2017 to 2019. Current ratio has a negative and insignificant effect to share price in Trading and Investment Companies Listed on the Indonesia Stock Exchange period 2017 to 2019. Capital structure has a positive and significant effect to share price in Trading and Investment Companies Listed on the Indonesia Stock Exchange period 2017 to 2019. Return on equity ratio has a negative and insignificant effect to share price. Debt ratio has a negative and significant effect to share price in Trading and Investment Companies Listed on the Indonesia Stock Exchange period 2017 to 2019.
Determinant of Stock Price: Evidence on Food and Beverage Companies in Indonesia
ETIKONOMI, 2019
One aspect that concerns investors in valuing stocks is financial performance. The better the company's financial performance will increase the demand for the company's shares, so that it can also increase the company's stock price. The purpose of this research to examine the effect of Financial Performance which is measured by using Earning per Share, Net Profit Margin, Retun On Equity, Firm Size which is measured by Total Revenue, Total Asset,, and Corporate Social Responsibility Disclosure which is measured by Economic Aspects, Environmental Aspects,Social Aspect to the Extend of stock price on food and beverage sector companies in Indonesia Stock Exchange. The stock price data was used the stock price determined by the closing price.The sample collection method has been done by using purposive sampling method and eleven of eighteen companies, which are listed in Indonesia Stock Exchange in the years of 20013-2017, are used as the research samples. The method used in ...
ON INDONESIAN STOCK EXCHANGE 2013-2017
International Journal of Engineering Technologies and Management Research, 2019
This research aims to analyze the effects of profitability (ROA), liquidity (CR), assets growth, and firm size towards capital structure (DER) and the impact on firm value (PBV).This research uses secondary data from yearly financial statement of food and baverages companies listed in Indonesian Stock Exchange for period 2013-2017. The research design uses descriptive quantitative research and causality. Sampling method uses purposive sampling method, with some predetermined criteria, the number of sample is 17 manufacturing companies. The analysis technique used is panel data regression. The research results shows that the profitability (ROA) and firm size partially have negative effect and not significant on capital structure (DER). The liquidity (CR) and assets growth partially have negative effect and significantly on capital structure (DER). Then the capital structure (DER) partially have positive effect but not significantly influences the firm value (PBV). The profitability (ROA) partially have positive effect and significant on firm value (PBV). The liquidity (CR) and assets growth partially have negative and significant effect on firm value (PBV), and firm size partially have negative and not significant effect on firm value (PBV). Simultaneously profitability (ROA), liquidity (CR), assets growth and firm size effect on capital structure (DER). On the other side, simultaneously profitability (ROA), liquidity (CR), assets growth and firm size have effect on firm value (PBV).