Analysis of the influence of fundamental and external factors on stock prices in mining sector companies listed on the Indonesia stock exchange

Andri Setia Putra; Mohamad Adam; Marlina Widiyanti; Tertiarto Wahyudi

doi:10.21744/ijss.v4n4.1806

Authors

Andri Setia Putra
Andrisetiaputraa@gmail.com
Master of Management, Sriwijaya University, Palembang, Indonesia
Mohamad Adam Lecturer of Magister Management, Economic Faculty, Sriwijaya University, Palembang, Indonesia
Marlina Widiyanti Lecturer of Magister Management, Economic Faculty, Sriwijaya University, Palembang, Indonesia
Tertiarto Wahyudi Lecturer of Magister Management, Economic Faculty, Sriwijaya University, Palembang, Indonesia

Keywords:

inflation, interest rate, liquidity (CR), profitability (ROE), rating ratio (PBV), solvency (DER)

Abstract

This study aimed to determine the effect of liquidity ratios (LR), solvency (DER), profitability (ROE), valuation ratios (PBV), inflation, and interest rates on stock prices of mining sector companies listed on the Indonesia Stock Exchange (IDX). The research sample is 41 mining sector companies with a research period from 2015-2019. The results show that the liquidity ratio (CR) and solvency (DER) have no significant effect on stock prices of mining sector companies in 2015-2019. The variable profitability (ROE), valuation ratio (PBV) was concluded to have a significant positive effect on stock prices of mining sector companies in 2015-2019. Meanwhile, inflation and interest rates have a significant adverse effect on stock prices of mining sector companies in 2015-2019.

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