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The Effect of Price to Book Value, Cash Ratio, and Net Profit Margin on Stock Return in Coal Sub Sector Companies on the Indonesia Stock Exchange for the 2017-2021 Period

In: Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)

Author

Listed:
  • Michael Horas Korompis

    (Universitas Sarjanawiyata Tamansiswa, Management Department)

  • Pristin Prima Sari

    (Universitas Sarjanawiyata Tamansiswa, Management Department)

  • Alfiatul Maulida

    (Universitas Sarjanawiyata Tamansiswa, Management Department)

Abstract

Between 2016 and 2020, the stock price development of the coal subsector was abnormal. When benchmark coal prices declined, coal stock prices climbed. This study seeks to determine, in part and concurrently, the influence of net profit margin, cash ratio, and price to book value on stock return in businesses listed on the Indonesia Stock Exchange in the coal subsector between 2017 and 2021. This study, which employs a quantitative technique, picked a sample of 19 coal subsector businesses listed on the Indonesia Stock Exchange between 2017 and 2021. SPSS was utilized for multiple linear regression analysis in this study. According to the t-statistic test results, there is no evident negative relationship between price-to-book value (PBV), cash ratio (CR), and stock return (SR). Net profit margin (NPM) has a significant positive impact on stock return (SR). According to the F-statistic test results, price-to-book value (PBV), cash ratio (CR), and net profit margin (NPM) all have a significant positive effect on stock return (SR).

Suggested Citation

  • Michael Horas Korompis & Pristin Prima Sari & Alfiatul Maulida, 2024. "The Effect of Price to Book Value, Cash Ratio, and Net Profit Margin on Stock Return in Coal Sub Sector Companies on the Indonesia Stock Exchange for the 2017-2021 Period," Advances in Economics, Business and Management Research, in: Budi Setiawan & Nurul Myristica Indraswari (ed.), Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023), pages 157-168, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-402-0_18
    DOI: 10.2991/978-94-6463-402-0_18
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