Kinerja Keuangan, Inflasi, Dan Harga Saham Pada Perusahaan Pertambangan Di Indonesia

Abstract

Purpose: This research is based on the research gap of each variable. The purpose of this research is to partially analyze the effect of liquidity, profitability, solvency, activity, and inflation, and on stock price. 

Methodology/approach: The population used in this research is mining sub-sector companies on the IDX in 2018-2023. The sampling technique used purposive sampling and obtained a sample of 16 companies. The analytical tool used is panel data regression analysis with the help of e-views-13 software.

Results/findings: The results of this research indicate that the liquidity and activity variables do not have a positive and significant effect on stock prices, while the profitability variable has a positive and significant effect on stock prices. The variables of solvency and inflation do not have a negative and significant effect on stock prices.

Limitations: The R2 value of 26,16% inficates that changes in stock prices are explained by the variables of liquidity, profitability, solvency, activity, and inflation while the remaining 73,84% is explained by other variables not examined in this research.

Contribution: The implication of this research is that investors should pay attention to the variables of liquidity, profitability, solvency, activity, and inflation in determining invesment decision, especially liquidity because it affects stock prices.