Paper Contents
Abstract
This research aims to analyze the influence of Profitability, Liquidity, and Solvency Ratios on the Stock Prices of Manufacturing Companies in the Automotive and Component Sub-Sector. The study was conducted on the Indonesia Stock Exchange, utilizing financial report data published annually over a period of 5 years, from 2016 to 2020, as well as the corresponding stock prices in the capital market. The research variables consist of independent variables, namely profitability, solvency, and liquidity ratios, and the dependent variable, which is stock prices. The analysis method employed classical assumption tests, including normality test, multicollinearity test, heteroskedasticity test, and autocorrelation test. The technique utilized was multiple linear regression analysis and determination analysis. Additionally, hypothesis testing was conducted using the F-test to assess the overall influence and t-test to determine partial influence. The results of this research indicate that the variables of profitability, solvency, and liquidity ratios collectively influence stock prices. Meanwhile, solvency and liquidity ratio variables individually have a significant impact on stock prices. Among the three significant variables, the profitability ratio variable has the least significant influence on stock prices.
Copyright
Copyright © 2024 Kamaluddin. This is an open access article distributed under the Creative Commons Attribution License.
