Effect of Financial Ratios on Stock Prices in Cigarette Companies

  • Muhammad Imam Taufiq Institut Bisnis dan Keuangan Nitro, Makassar
Keywords: Current Asset Ratio, Debt Equity Ratio, Return On Equity, Total Asset Turnover, Stock Prices

Abstract

This study examines the effect of financial ratios on stock prices in cigarette companies listed on the Indonesian Stock Exchange (IDX) for the period (2015-2019). The population in this study were cigarette companies listed on the Indonesia Stock Exchange in the 2015-2019 study period, which totaled four companies. The sampling technique in this study used the census sampling method. The data source used in this study is secondary data obtained from the Indonesia Stock Exchange through stock prices and financial ratios. The data that has been collected will be analyzed through several stages of testing, namely calculating financial ratios, determining stock prices, classic assumption tests consisting of (the normality test, multicollinearity test, heteroscedasticity test, autocorrelation test) and multiple linear regression analysis. The results showed that the Current Asset Ratio (CAR) and Total Asset Turnover (TATO) variables had a negative but not significant effect on the share prices of cigarette companies listed on the Indonesia Stock Exchange for the 2015-2019 period. While the Debt Equity Ratio (DER) and Return on Equity (ROE) variables have a positive but not significant effect on the share prices of cigarette companies listed on the Indonesia Stock Exchange for the 2015-2019 period.

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Published
2022-10-30
How to Cite
Taufiq, M. I. (2022). Effect of Financial Ratios on Stock Prices in Cigarette Companies. Point of View Research Accounting and Auditing, 3(4), 341 - 354. Retrieved from https://journal.accountingpointofview.id/index.php/povraa/article/view/240
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Articles