Open AccessEffect of Debt to Asset Ratio, Return on Equity, and Current Ratio on Stock Prices of Pharmaceutical Companies Listed on the Indonesia Stock Exchange 2016-2019 Period
Author(s) -
Ade Onny Siagian,
Hadion Wijoyo,
Yoyok Cahyono
Publication year - 2021
Publication title -
journal of world conference
Language(s) - English
Resource type - Journals
ISSN - 2656-1174
DOI - 10.29138/prd.v3i2.366
Subject(s) - current ratio , debt to equity ratio , stock exchange , econometrics , heteroscedasticity , return on equity , stock (firearms) , multicollinearity , economics , business , return on assets , monetary economics , financial economics , regression analysis , statistics , mathematics , finance , mechanical engineering , population , demography , sociology , engineering , nonprobability sampling
This research aims to determine: The influence of Current Ratio (CR), Debt to Asset Ratio (DAR), and Return on Equity (ROE) either partially or simultaneously on Stock Price of pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) 2016-2019 period. Data were taken from the Indonesia Stock Exchange (IDX) website. Analysis prerequisite test including normality test, multicollinearity, heteroscedasticity, and autocorrelation. Data analysis technique used is multiple linear regression analysis. Statistical results also show that the current ratio (X1) and return on equity (X3) partially have a positive and significant effect on stock prices (Y). Debt to asset ratio (X2) partially does not have a significant effect on stock prices (Y). Simultaneously current ratio (X1), debt to asset ratio (X2), and return on equity (X3) have a positive and significant effect on stock prices (Y).