Rasio Keuangan Sebagai Variabel Prediktor Harga Saham Pada Perusahaan Pertambangan Batu Bara

Authors

DOI:

https://doi.org/10.33395/owner.v7i4.1708

Keywords:

Stock Price, ROA, ROE, DER, GPM, EPS

Abstract

Coal stocks are stocks that have been the target of investors in recent times because the price has reached its highest peak in the last ten years. This study aims to determine the effect of the variables Return On Assets (ROA), Return On Equity (ROE), Debt to Equity Ratio (DER), Gross Profit Margin (GPM), and Earnings Per Share (EPS) which also involve the growth of total assets as a control variable on stock prices, both partially and simultaneously at the coal mining companies ADRO, ITMG, and PTBA. The method used in this research is quantitative analysis with panel data regression. The data used is from 2010-2020 and involves three companies so the total observations are 30 company years. The results show that ROA, ROE, and GPM have an effect on stock prices, while DER and EPS growth have no statistically significant effect.

Downloads

Download data is not yet available.

Author Biography

Uun Malihan Hawa, Magister Akuntansi Fakultas Ekonomi dan Bisnis, Universitas Airlangga

 

 

 

References

BP Statistical Review of World Energy. (2017). BP statistical review of world energy June 2017 (Issue June).

BPS. (2022). Ekspor Batu Bara Menurut Negara Tujuan. Ekspor Impor. https://www.bps.go.id/statictable/2014/09/08/1034/ekspor-batu-bara-menurut-negara-tujuan-utama-2012-2021.html

Fitriani, M., Aminda, R. S., & Maulani, D. (2022). PENGARUH GPM DAN DER TERHADAP HARGA SAHAM PADA PERUSAHAAN SUB SEKTOR FARMASI Melinda. Jurnal Ilmu Manajemen, 5(1), 55–61.

Hasan, M. Z., & Ratti, R. A. (2014). AUSTRALIAN COAL COMPANY RISK FACTORS: COAL AND OIL PRICES. The International Journal of Business and Finance Research, 8(1), 199–208. https://doi.org/10.1201/b15204-13

Indonesia Investment. (2018). Batubara di Indonesia. https://www.indonesia-investments.com/id/bisnis/komoditas/batu-bara/item236#:~:text=Negara%2520tujuan%2520utama%2520untuk%2520ekspor%2520batubara%25

Murhadi, W. R. (2013). Analisis Laporan Keuangan, Proyeksi dan Valuasi Saham. Salemba Empat. https://opac.perpusnas.go.id/DetailOpac.aspx?id=852276

Nurhaliza, S. (2021). Pandemi Jadi Alasan Pembagian Dividen Emiten Batubara Menurun. IDX Channel. https://www.idxchannel.com/market-news/pandemi-jadi-alasan-pembagian-dividen-emiten-batubara-menurun

Putra, Y., & Wulandari, D. (2022). PTBA, ADRO, dan ITMG Memburu Pasar Batu Bara Eropa. Market Bisnis. https://market.bisnis.com/read/20220921/192/1579852/ptba-adro-dan-itmg-memburu-pasar-batu-bara-eropa-prospektifkah

Rehman, A., Ma, H., Radulescu, M., Sinisi, C. I., & Yousaf, Z. (2021). Energy crisis in pakistan and economic progress: Decoupling the impact of coal energy consumption in power and brick kilns. Mathematics, 9(17). https://doi.org/10.3390/math9172083

Sastralaga, N. P. S., Manurung, A. H., Saragih, F. D., & Hutahayan, B. (2020). The Effect of Macroeconomic Variables and Company’s Financial Ratios on Stock Prices of Coal Mining Companies Listed in Indonesia Stock Exchange for the Period of 2013-2018. Journal of Applied Finance & Banking, 10(2), 169–180.

Sawir, A. (2001). Analisis kinerja keuangan dan perencanaan keuangan perusahaan. Gramedia Pustaka Utama. https://opac.perpusnas.go.id/DetailOpac.aspx?id=116374

Sivilianto, H., & Endri, E. (2019). Determinants of external and internal stock price of coal mining subsector companies period 2005-2017. Scholars Bulletin, 9771, 162–168. https://doi.org/10.21276/sb.2019.5.4.5

Suyanto. (2022). Analisis Praktik Perataan Laba pada Perusahaan Batu Bara ketika Krisis Energi dan Krisis Iklim. Jurnal Ilmu Manajemen, 10(4), 1087–1097.

Syamni, G., Majid, M. S. A., & Siregar, W. V. (2018). Bankruptcy Prediction Models and Stock Prices of the Coal Mining Industry in Indonesia. Etikonomi, 17(1), 57–68. https://doi.org/10.15408/etk.v17i1.6559

Tumandung, C., Murni, S., & Baramuli, D. (2017). Analisis Pengaruh Kinerja Keuangan terhadap Harga Saham pada Perusahaan Makanan dan Minuman yang Terdaftar di Bei Periode 2011 – 2015. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi, 5(2), 1728–1737.

Downloads

Published

2023-10-01

How to Cite

Hawa, U. M. . (2023). Rasio Keuangan Sebagai Variabel Prediktor Harga Saham Pada Perusahaan Pertambangan Batu Bara. Owner : Riset Dan Jurnal Akuntansi, 7(4), 3553-3559. https://doi.org/10.33395/owner.v7i4.1708