Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia
The primary objective of this reserach was to examine the essential internal factors that affect stock prices by utilizing Return on Equity (ROE) and Dividend Payout Ratio (DPR) as independent variables, while Price to Book Value (PBV) was considered as an intervening variable. The focus of the stud...
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Research Collaboration Community (RCC)
2025-01-01
|
| Series: | International Journal of Business, Economics, and Social Development |
| Subjects: | |
| Online Access: | https://journal.rescollacomm.com/index.php/ijbesd/article/view/687 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1850111717880627200 |
|---|---|
| author | Hana Fauziah Esa Lisa Pebrian Nurhana Dhea Parlina |
| author_facet | Hana Fauziah Esa Lisa Pebrian Nurhana Dhea Parlina |
| author_sort | Hana Fauziah |
| collection | DOAJ |
| description | The primary objective of this reserach was to examine the essential internal factors that affect stock prices by utilizing Return on Equity (ROE) and Dividend Payout Ratio (DPR) as independent variables, while Price to Book Value (PBV) was considered as an intervening variable. The focus of the study was on companies listed in the LQ45 index on the Indonesia Stock Exchange from 2018 to 2022. The data was analyzed using panel data regression through the REM, with support from Eviews 12 software. Path analysis was also employed to test hypotheses and gain deeper insights. The research findings indicate that only ROE significantly affects stock prices both directly and indirectly, while DPR doesnt have a significant influence on the fluctuations of stock prices. Additionally, PBV cannot mediate the effect of ROE and DPR on stock prices. This suggests that other factors can affect stock prices in the Indonesian capital market. It is crucial to consider a representative sample of companies and additional variables to gain deeper insight into the factors leading to share prices. |
| format | Article |
| id | doaj-art-e374a75500994551a925ab3a6db3a81b |
| institution | OA Journals |
| issn | 2722-1164 2722-1156 |
| language | English |
| publishDate | 2025-01-01 |
| publisher | Research Collaboration Community (RCC) |
| record_format | Article |
| series | International Journal of Business, Economics, and Social Development |
| spelling | doaj-art-e374a75500994551a925ab3a6db3a81b2025-08-20T02:37:33ZengResearch Collaboration Community (RCC)International Journal of Business, Economics, and Social Development2722-11642722-11562025-01-015410.46336/ijbesd.v5i4.687589Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in IndonesiaHana Fauziah0Esa Lisa Pebrian1Nurhana Dhea Parlina2University of Swadaya Gunung Jati, Cirebon, IndonesiaUniversity of Swadaya Gunung Jati, Cirebon, IndonesiaUniversity of Swadaya Gunung Jati, Cirebon, IndonesiaThe primary objective of this reserach was to examine the essential internal factors that affect stock prices by utilizing Return on Equity (ROE) and Dividend Payout Ratio (DPR) as independent variables, while Price to Book Value (PBV) was considered as an intervening variable. The focus of the study was on companies listed in the LQ45 index on the Indonesia Stock Exchange from 2018 to 2022. The data was analyzed using panel data regression through the REM, with support from Eviews 12 software. Path analysis was also employed to test hypotheses and gain deeper insights. The research findings indicate that only ROE significantly affects stock prices both directly and indirectly, while DPR doesnt have a significant influence on the fluctuations of stock prices. Additionally, PBV cannot mediate the effect of ROE and DPR on stock prices. This suggests that other factors can affect stock prices in the Indonesian capital market. It is crucial to consider a representative sample of companies and additional variables to gain deeper insight into the factors leading to share prices.https://journal.rescollacomm.com/index.php/ijbesd/article/view/687profitabilitydividend policycorporate valuestock prices |
| spellingShingle | Hana Fauziah Esa Lisa Pebrian Nurhana Dhea Parlina Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia International Journal of Business, Economics, and Social Development profitability dividend policy corporate value stock prices |
| title | Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia |
| title_full | Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia |
| title_fullStr | Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia |
| title_full_unstemmed | Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia |
| title_short | Determinants of Stock Price : Fundamental Analysis on LQ45 Index Companies in Indonesia |
| title_sort | determinants of stock price fundamental analysis on lq45 index companies in indonesia |
| topic | profitability dividend policy corporate value stock prices |
| url | https://journal.rescollacomm.com/index.php/ijbesd/article/view/687 |
| work_keys_str_mv | AT hanafauziah determinantsofstockpricefundamentalanalysisonlq45indexcompaniesinindonesia AT esalisapebrian determinantsofstockpricefundamentalanalysisonlq45indexcompaniesinindonesia AT nurhanadheaparlina determinantsofstockpricefundamentalanalysisonlq45indexcompaniesinindonesia |