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The influence of price to book value and return on equity on stock prices with debt to equity ratio as an intervening variable in basic industrial and chemical companies listed on the indonesian stock exchange for the 2019-2023 period
Master of management study program, faculty of economics, universitas prima Indonesia, Medan.
Research Article
International Journal of Science and Research Archive, 2024, 12(02), 2832–2843.
Article DOI: 10.30574/ijsra.2024.12.2.1594
Publication history:
Received on 17 July 2024; revised on 24 August 2024; accepted on 26 August 2024
Abstract:
This research aims to examine and analyze share prices in basic industrial and chemical companies listed on the Indonesian Stock Exchange. The variables tested include Price To Book Value and Return On Equity on Share Prices with Debt To Equity Ratio as an intervening variable. The method used in sampling was purposive sampling. The data used was secondary data obtained from the official IDX website, namely www.idx.co.id and the official website of each company. The research results show that Price To Book Value has an effect on Stock Prices, Return On Equity has no effect on Stock Prices, Debt To Equity Ratio has a positive effect on Stock Prices, Price To Book Value and Return On Equity have no effect on Debt To Equity Ratio. With the Debt To Equity Ratio it is unable to mediate the influence of Price To Book Value and Return On Equity on Share Prices.
Keywords:
Price to book value; Return on equity; Debt to equity ratio; Share Price
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Copyright © 2024 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution Liscense 4.0
