Determinants of stock price performance in the Indonesian basic industry
| Autor: | Novinda Krisna Putri, Dian Martha Nurul Amanah, Nurul Aini, Jenia Nur Soelistyoningrum |
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| Jazyk: | angličtina |
| Rok vydání: | 2023 |
| Předmět: | |
| Zdroj: | Journal of Enterprise and Development, Vol 5, Iss 3 (2023) |
| Druh dokumentu: | article |
| ISSN: | 2715-3118 2685-8258 |
| DOI: | 10.20414/jed.v5i3.8017 |
| Popis: | Purpose — This study aimed to identify the determinant factors of the stock price performance, proxied by price earnings ratio, in the basic industry (IDXBASIC) and the causal relationship between them. Method — Data were collected from the Indonesia Stock Exchange for a period of five years, spanning from 2017 to 2021. The purposive sampling method was chosen, and a total of sixty firms were selected for the final sample of this study. This study adopts generalized least squares of panel data analysis using STATA version 13 software. Result — The results revealed that return on equity, debt-equity ratio, price-to-book value, earnings growth, and dividend payout significantly impact the price-earnings ratio (PE) and thus become significant determinants of the price-earnings ratio (PE). On the other hand, market return and firm size showed no significant influence on the price-earnings ratio. Contribution — This study's academic contribution is its specific focus on the Indonesia Basic Industry (IDXBASIC) and exploration of the factors influencing the Price-Earning Ratio (P/E ratio) within this sector, filling a significant gap in the literature and offering valuable insights for investors, policymakers, and market participants. |
| Databáze: | Directory of Open Access Journals |
| Externí odkaz: |
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