Factors Affecting the Ups and Downs of Stock Prices in Food and Beverage Subsector Companies Listed on the IDX for the Period 2020-2022

Shafa Fadilah Choirunnisah; Sintya Devi; Erwin Budianto

doi:10.55227/ijhess.v4i1.1146

Authors

Shafa Fadilah Choirunnisah Financial Management, Faculty of Economics, University of Swadaya Gunung Jati Cirebon
Sintya Devi Faculty of Economics and Business, University of Swadaya Gunung Jati Cirebon
Erwin Budianto Faculty of Economics and Business, University of Swadaya Gunung Jati Cirebon

DOI:

https://doi.org/10.55227/ijhess.v4i1.1146

Keywords:

ROA, DER, Stock Price, Food and Beverage

Abstract

This study analyzes the Return On Assets and Debt to Equity Ratio on the ups and downs of Stock Prices in Food and Beverage companies listed on the Indonesia Stock Exchange (IDX) for 2020-2022. This study uses a purposive sampling method with 20 food and beverage sub-sector companies as samples. The variables used are ROA, DER, and Stock Price. This study uses a quantitative approach and data collection sourced from secondary data by collecting data on the financial statements of food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) and other sources such as the official websites of related companies. The data analysis used is descriptive statistics, classical assumption test, multiple linear regression analysis, and hypothesis testing. The results shown in this study are (1) partial Return On Asset (ROA) has no significant effect on stock prices, (2) partial Debt Equity Ratio (DER) has no significant effect on stock prices, and (3) simultaneously Return On Asset (ROA) and Debt Equity Ratio (DER) have no significant effect on stock prices.

References

Anwar, A. M. (2021). Pengaruh Current Ratio (CR), Debt to Equity Ratio (DER), Return On Asset (ROA) terhadap Harga Saham (Studi kasus pada perusahaan sektor makanan dan minuman yang terdaftar di BEI tahun 2017-2019). Jurnal Ilmiah Mahasiswa Akuntansi, 1(2), 146–157.

Bisnis.com. (2021). In Pertumbuhan Sektor Mamin 2020 Diprediksi 1-2 persen. https://ekonomi.bisnis.com/read/20210103/257/1338004/pertumbuhan-sektor-mamin-2020-diprediksi-1-2-persen#:~:text=Terpuruknya%20industri%20makanan%20dan%20minuman%20pada%20kuartal%20II%2F2020,tersebut%20seharunya%20dapat%20diatasi%20dengan%20program%20vaksinasi%20Covid-19.

CNBCIndonesia. (2020). In Penjualan Ritel Loyo, Ini Saham yang Kena Getahnya. https://www.cnbcindonesia.com/market/20200408123019-17-150581/penjualan-ritel-loyo-ini-saham-yang-kena-getahnya

Fahmi, I. (2015). Manajemen Investasi. Salemba Empat.

Fatmawati, E., & Hermafiani, N. (n.d.). Jurnal Perspektif Manajerial dan Kewirausahaan (JPMK) ANALISIS PENGARUH MAKROEKONOMI DAN FAKTOR FUNDAMENTAL TERHADAP HARGA SAHAM. http://jurnal.undira.ac.id/index.php/jpmk/

Ghozali, I. (2021). Aplikasi Analisis Multivariate dengan Program IBM SPSS 26. Semarang: Badan Penerbit Universitas Diponegoro.

Handini, S., & Dyah, E. (2020). Teori Portofolio dan Pasar Modal Indonesia. Scopindo Media Pustaka.

Hasan, I. (2006). Analisis data penelitian dengan statistik. Bumi Aksara.

Hermuningsih, S. (2012). Pengantar Pasar Modal. Upp Stim Ykpn.

Irham, F. (2013). Rahasia Saham dan Obligasi : Strategi Meraih Keuntungan tak terbatas dalam bermain Saham dan Obligasi. Bandung: Alfabeta.

Jogiyanto. (2018). Teori Portofolio dan Analisis Investasi. BPFE-Yogyakarta.

Kasmir. (2019). Pengantar Manajemen Keuangan. Prenadamedia.

Martalena, & Maya Malinda. (2019). Pengantar Pasar Modal (edisi pertama). Andi .

Moniaga, F. (2013). STRUKTUR MODAL, PROFITABILITAS DAN STRUKTUR BIAYA TERHADAP NILAI PERUSAHAAN INDUSTRI KERAMIK, PORCELEN DAN KACA PERIODE 2007 - 2011. Jurnal EMBA, 1, 433–442.

Novalddin, M. R., Nurrasyidin, M., & Larasati, M. (2020). PENGARUH CURRENT RATIO, RETURN ON ASSET, EARNING PER SHARE, DAN DEBT TO EQUITY RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR SUBSEKTOR MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2015-2019. Jurnal Penelitian Ekonomi Akuntansi, 4(1).

Saputro, K. R., & Yuliati, A. (2022). Pengaruh Return on Asset (ROA), Return on Equity (ROE) dan Debt to Equity Ratio (DER) terhadap Harga Saham pada Perusahaan Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Periode 2018-2020. J-MAS (Jurnal Manajemen Dan Sains), 7(2), 477. https://doi.org/10.33087/jmas.v7i2.423

Siampa, M., Murni, S., & Rogi, M. (2020). PENGARUH ROA, DER, CURRENT RATIO TERHADAP HARGA SAHAM PADA PERUSAHAAN FOOD AND BEVERAGES YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2014-2018. Jurnal Riset Ekonomi, Manajemen, Bisnis Dan Akuntansi (Jurnal EMBA), 8(4).

Solihin, A., & Sulistyowati, L. (n.d.). The Effect Of Price Earning Ratio, Current Ratio, Net Profit Margin And Debt To Equity Ratio On Stock Prices Of The Lq-45 Index Of The Indonesia Stock Exchange 2016-2018. In International Journal of Science. http://ijstm.inarah.co.id

Sugiyono. (2021). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Alfabeta.

Suyanto, & Nursanti, A. (2017). FAKTOR-FAKTOR YANG MEMENGARUHI HARGA SAHAM PERUSAHAAN FOOD AND BEVERAGE YANG TERDAFTAR DI BURSA EFEK INDONESA. Jurnal Pendidikan Dan Ilmu Ekonomi Akuntansi, 1(1).

Zakaria, M. (2021). Analisis Pengaruh Debt to Equity Ratio (DER), Return On Asset (ROA) dan Earning Per Share (EPS) terhadap Harga Saham melalui Kebijakan Dividen sebagai Variabel Intervening (Studi pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi yang Terdaftar di Bursa Efek Indonesia 2015-2019). Business Management Analysis Journal (BMAJ), 4(1), 75–96. https://doi.org/10.24176/bmaj.v4i1.5828

Zulkarnain, I., Laekkeng, M., & Djamereng, A. (2021). TATA KELOLA Pengaruh Current ratio, Return on equity, Earning per share dan Debt To Equity Terhadap Harga Saham Pada Perusahaan. Universitas Muslim Indonesia, 8(2). http://pasca-umi.ac.id/index.php/tata