Volume 07 Issue 01 January 2024
1Darmono, 2Sabrin, 3Asriyani Mulia Basri, 4Muhammad Nur Afiat, 5Yustina Dewi, 6La Aso
1Department of Management, Faculty of Economics and Business , Muhammadiyah University Berau
2,3,5Department of Accounting Education, Halu Oleo University, Kendari, Indonesia
4Department of Development Economics, Halu Oleo University, Kendari, Indonesia
6Department of Language and Literature Cultural Studies Faculty of Halu Oleo University, Kendari, Indonesia
DOI : https://doi.org/10.47191/ijsshr/v7-i01-15Google Scholar Download Pdf
ABSTRACT
This research aims to determine the effect of liquidity, profitability, and solvency ratios on share prices in mining companies on the Indonesia Stock Exchange (IDX). The type of this research is quantitative research. The data collection methods used were library research, collecting, and recording annual report data from the sample of company. The technique analysis that used in this research is quantitative using descriptive statistical analysis methods, classical assumption tests, normality tests, multicollinearity tests, autocorrelation tests, heteroscedasticity tests, multiple regression analysis, and multiple correlation coefficients (R²). The result of this research revealed that in the multiple regression test, the sig. value of each variable is (0.388) for liquidity, (0.000) for profitability, and (0.134) for the solvency variable. Based on the result, it can be concluded that the independent variable which has an influence on the stock price is a profitability variable because the sig. value is 0.05. In simultaneous testing (F -test), a sig. value was 0.000, which means there were significant effect of all independent variables toward stock prices. So, it can be concluded that the liquidity ratio and solvency ratio did not have a significant partial effect in stock prices, while the profitability ratio had a partial effect in stock prices and the liquidity, profitability and solvency ratios had a simultaneous effect in stock prices.
KEYWORDS:Share Price, Liquidity, Profitability, Solvency. Mining Sector
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