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The Effect of Profitability, Liquidity, and Financial Leverage on Stock Prices in Property and Real Estate Companies Listed on the Indonesia Stock Exchange

In: Proceedings of the 19th International Symposium on Management (INSYMA 2022)

Author

Listed:
  • S. Royan Sumando

    (Universitas Sumatera Utara)

  • Isfenti Sadalia

    (Universitas Sumatera Utara)

  • Abdilah Arif Nasution

    (Universitas Sumatera Utara)

Abstract

The objectives of this study is to analyze the effect of profitability, liquidity, and financial leverage on the stock prices of property and real estate companies listed on the Indonesia Stock Exchange (IDX). The property and real estate industry growth of a country can be an indicator of its economic growth. This is due to the ability of property and real estate sectors to absorb many workers, and it has a large multiplier effect on other sectors. We used financial and annual reports from 48 property and real estate companies listed on the Indonesia Stock Exchange from 2019 to 2021. This study focused on 15 chosen companies based on the purposive sampling method. The method used was a quantitative description with Multiple Regression Analysis. The results show that all variables simultaneously affect stock prices, nevertheless the profitability or liquidity variables affect stock prices partially.

Suggested Citation

  • S. Royan Sumando & Isfenti Sadalia & Abdilah Arif Nasution, 2023. "The Effect of Profitability, Liquidity, and Financial Leverage on Stock Prices in Property and Real Estate Companies Listed on the Indonesia Stock Exchange," Advances in Economics, Business and Management Research, in: Werner Ria Murhadi & Dudi Anandya & Noviaty Kresna Darmasetiawan & Juliani Dyah Trisnawati & Putu An (ed.), Proceedings of the 19th International Symposium on Management (INSYMA 2022), pages 179-186, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-008-4_24
    DOI: 10.2991/978-94-6463-008-4_24
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