Published: 2025-08-01
Pengaruh Rasio Profitabilitas, Solvabilitas, Likuiditas, dan Per Terhadap Harga Saham Perusahaan LQ45 Periode 2020-2024
DOI: 10.35870/jemsi.v11i4.4281
Abstract
This research aims to investigate the extent to which financial ratios can influence the stock price dynamics of LQ45 companies from 2020 to 2024. The study employs a quantitative approach with an associative research design. From a total of 45 issuers within the index, 17 issuers were selected as a sample using a purposive sampling technique based on a predetermined set of criteria. The independent variables analyzed include profitability (ROA, ROE, and EPS); solvency (DER); liquidity (CR and QR); and the Price to Earnings Ratio (PER). Meanwhile, stock price is used as the dependent variable. Panel data regression is the method utilized for data processing with EViews version 12 statistical software. The findings of the research indicate that stock prices are influenced by profitability ratios and PER, whereas solvency and liquidity ratios do not exhibit a significant relationship. Based on the simultaneous results, all independent variables collectively contribute to changes in stock prices. The resulting coefficient of determination (R²) is 95.5%. In other words, the model's ability to explain the majority of the variability in stock prices is 95.5%.
Keywords
Article Information
This article has been peer-reviewed and published in the JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi). The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 11 No. 4 (2025)
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Section: Articles
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Published: 2025-08-01
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License: CC BY 4.0
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Copyright: © 2025 Authors
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DOI: 10.35870/jemsi.v11i4.4281
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Deniel Cristian, Universitas Tanjungpura
Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura, Jl. Prof. Dr. H Jl. Profesor Dokter H. Hadari Nawawi, Kota Pontianak, Kalimantan Barat, Indonesia.
Rudy Kurniawan, Universitas Tanjungpura
Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura, Jl. Prof. Dr. H Jl. Profesor Dokter H. Hadari Nawawi, Kota Pontianak, Kalimantan Barat, Indonesia.
Haryono, Universitas Tanjungpura
Program Studi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Tanjungpura, Jl. Prof. Dr. H Jl. Profesor Dokter H. Hadari Nawawi, Kota Pontianak, Kalimantan Barat, Indonesia.
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