Published: 2023-10-20
Analisis Pengaruh Faktor Fundamental Terhadap Harga Saham dengan Return on Asset Sebagai Variabel Intervening Pada Perusahaan Manufaktur Sektor Industri Dasar & Kimia Bursa Efek Indonesia Periode 2018-2021
DOI: 10.35870/emt.v7i4.1676
Theresia Shintia Harianja, Hafriz Rifki Hafas, Arasy Ayu Setiamy
Abstract
Stock trading in the capital market is a very important aspect of the economy of Indonesia and other countries. This study aims to determine : (1) The Effect of Debt to Assets Ratio (DAR), Working Capital to Total Assets (WC/TA), Current Ratio (CR), to Return On Assets (ROA), (2) The Effect of Debt to Assets Ratio (DAR), Working Capital to Total Assets (WC/TA), Current Ratio (CR), and Return On Assets (ROA) to Stock Price, (3) The Effect to Debt to Assets Ratio (DAR), Working Capital to Total Assets, and Current Ratio (CR) to the Stock Price through Return On Assets (ROA) as an Intervening Variable. The research samples are companies that included in The Sector Industry basic and chemicall in the period 2018-2021 by using Purposive Sampling method. There are 17 companies that meet the criteria as the sample. This research used path analysis which is the development of multiple regression analysis and bivariate. The result of this research showed that: DAR has a negative and significant effect on ROA, WCTA has a positive and significant effect on ROA, CR has a positive and insignificant effect on ROA, DAR has a negative and insignificant effect on stock prices, WCTA has a positive and significant effect on stock prices. CR has a positive and significant effect on share prices, ROA has a negative and significant effect on share prices. The results of the Sobel test show that DAR, WCTA, ROA have an Indirect Effect.
Keywords
Debt to Assets Ratio (DAR) ; Working Capital to Total Assets (WC/TA) ; Current Ratio (CR) ; Return On Assets (ROA) ; Stock Price
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Article Information
This article has been peer-reviewed and published in the Jurnal EMT KITA. The content is available under the terms of the Creative Commons Attribution 4.0 International License.
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Issue: Vol. 7 No. 4 (2023)
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Section: Articles
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Published: October 20, 2023
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License: CC BY 4.0
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Copyright: © 2023 Authors
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DOI: 10.35870/emt.v7i4.1676
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Theresia Shintia Harianja
Universitas Harapan Medan, Kota Medan, Provinsi Sumatera Utara
Hafriz Rifki Hafas
Universitas Harapan Medan, Kota Medan, Provinsi Sumatera Utara
Arasy Ayu Setiamy
Universitas Harapan Medan, Kota Medan, Provinsi Sumatera Utara
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