PENGARUH PROFITABILITAS, STRUKTUR MODAL, DAN KEPUTUSAN INVESTASI TERHADAP NILAI SAHAM PERUSAHAAN

Abstract

This research aimed to finde out the effect of profitability, capital structure, and investment decisions on the stock price of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022. Profitability was measured by Return On Asset (ROA), capital structure was measured by Debt to Equity Ratio (DER), and investment decisions were measured by Price Earning Ratio (PER). Moreover, the data were secondary in the form of financial statements. The data collection technique used purposive sampling. In line with that, there were 33 companies as the sample. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Package for the School Science) 26 version. The result showed that profitability had a negative and significant effect on stock price. However, the capital structure had a positive and significant effect on the stock price. On the other hand, investment decisions had a negative and significant effect on the stock price of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2018-2022.