Sep 2026· Siber Nusantara of Economic and Finance Review· 0 citations· 17 references
Abstract
This study examines the effects of Debt to Equity Ratio (DER), Total Asset Turnover (TATO), and Current Ratio (CR) on stock prices, with Return on Equity (ROE) as an intervening variable, in processed food sub-sector companies listed on the Indonesia Stock Exchange during 2020–2024. The study uses a quantitative approach with path analysis and panel-data regression estimated using EViews. The sample was selected through purposive sampling and consists of 11 companies observed for five years, resulting in 55 balanced panel observations. The results show that DER has no significant effect on ROE or stock prices. TATO has a positive and significant effect on ROE, but no significant direct effect on stock prices. CR has no significant effect on ROE, but has a positive and significant effect on stock prices. ROE has a positive and significant effect on stock prices. The Sobel test indicates that ROE mediates the effect of TATO on stock prices, while it does not mediate the effects of DER or CR. These findings indicate that asset-use efficiency and profitability are important channels in explaining stock-price movements, while liquidity is reflected more directly in market valuation.
This study aims to analyze the effects of Current Ratio (CR), Debt to Equity Ratio (DER), and Total Asset Turnover (TATO) on Stock Returns, with Return on Equity (ROE) as a mediating variable, in companies included in the LQ45 index during 2021–2025. The study was motivated by Indonesian capital market volatility durin...
Shafira Arviani, F. Pohan· Siber Nusantara of Economic...· 0 citations
Purpose: This study examines the effects of the Current Ratio (CR), Return on Equity (ROE), and Debt-to-Equity Ratio (DER) on stock prices and investigates the moderating role of Earnings per Share (EPS).
Design/Methodology/Approach: A quantitative approach was employed using panel data comprising 330 firm-year observa...
This study aims to determine the current ratio, debt to equity ratio, and return on assets on stock prices, and to examine the role of company size as a moderating variable. Using a quantitative approach with purposive sampling technique, 13 companies were selected. The analytical methods used were panel data regressio...
Febi Yanti Putri, Ati Harianti· Siber Nusantara of Economic...· 0 citations
This study aims to examine the effect of Return on Assets (ROA) and Earnings per Share (EPS) on stock prices of banking companies listed on the Indonesia Stock Exchange during 2018–2024. A quantitative approach with a descriptive-verificative method was employed using secondary data from annual reports, financial state...
Intan Nurrizky Arnas, Eri Novari, M. Marta et al.· Reslaj : Religion Education...· 0 citations
This research examines whether Current Ratio (CR), Debt to Equity Ratio (DER), and Return on Equity (ROE) influence Price to Book Value (PBV) in Consumer Non-Cyclicals companies listed on the Indonesia Stock Exchange (IDX) over the 2019–2024 period. A quantitative causal approach was employed using 25 purposively selec...
Stock price movements among basic materials sector issuers on the Indonesia Stock Exchange (IDX) are influenced by internal corporate financial conditions and macroeconomic shifts. This study examines the impact of Return on Equity (ROE), Current Ratio (CR), Earnings per Share (EPS), exchange rates, and economic growth...
