THE EFFECT OF RETURN ON ASSETS AND PRICE TO BOOK VALUE ON STOCK PRICES
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Aug 13, 2022
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Keywords:
return on assets, price to book value, stock prices
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Meilin Veronica
Abstract
This study aims to analyze the effect of return on assets and price to book value on the share price of PT Ciputra Tbk. The data used is secondary data obtained through the documentation process. The analytical method used is multiple linear regression analysis. The results prove that return on assets (X1) has no effect on stock prices (Y). Meanwhile, price to book value (X2) has a significant effect on stock prices (Y). This research is expected to help companies to increase stock prices through return on assets and price to book value ratio.
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How to Cite
Veronica, M. (2022). THE EFFECT OF RETURN ON ASSETS AND PRICE TO BOOK VALUE ON STOCK PRICES. Ekonomica Sharia: Jurnal Pemikiran Dan Pengembangan Ekonomi Syariah, 8(1), 1-22. https://doi.org/10.36908/esha.v8i1.519
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This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
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Darmadji, Tjiptono&Fakhruddin, H. M. (2012). Capital Market in Indonesia, Question and Answer Approach. Salemba Four.
Erwanda, G., & Ruzikna, R. (2017). Effect of Profitability Ratio to Share Price in Construction Companies Listed on the Indonesia Stock Exchange in 2010-2014. Riau University.
Gursida, H. (2015). The Effect of Profitability and Leverage on the Share Price of Companies Listed on the Indonesia Stock Exchange . Magma: Journal of Master of Management, 1(1).
Halimatussakdiah, H. (2018). The Effect of Profitability, Liquidity and Dividend Per Share on The Share Price of Lq-45 Companies Listed on the Indonesia Stock Exchange . Valuta, 4(1), 17–39.
Harmono. (2015). Balanced Scorecard-Based Financial Management Theoretical, Case And Business Research Approaches. Earth Script.
Hartono, J. (2016). Portfolio Theory And Investment Analysis (10th). BPFE.
Hery. (2015). Financial Statement Analysis. CAPS (Center for Academic Publishing Service).
Hidayat, D., & Topowijono, T. (2018). The Effect of Financial Performance on Stock Prices (Study on Mining Companies of the Oil and Gas Mining Subsector Listed in the Indonesian Securities Reserve for the 2013-2016 Period). Journal of Business Administration, 62(1), 36–44.
Husnan, S. M. S. (2014). Business Project Feasibility Study. UPP STIM YKPN.
Irham, F. (2015). Investment Management Theory And Answer Questions (2nd). Salemba Four.
Jogiyanto. (2010). Analysis And Design. Andi Publishers.
Jufrizen, J. (2012). Effect of Profitability Ratio to Share Price on Companies Listed in LQ45 on the Indonesia Stock Exchange . Visionary & Strategic Journal, 1(2).
Cashmere. (2012). Financial Statement Analysis. PT Raja Grafindo Persada.
Kusumajaya, D. K. O. (2011). The Effect of Capital Structure and Company Growth on Profitability and Company Value in Manufacturing Companies on the Indonesia Stock Exchange . Udayana University.
Munawaroh, A., & Priyadi, M. P. (2014). The effect of profitability on company value with corporate social responsibility as a moderating variable. Journal of Accounting Science & Research, 3(4), 1–17.
Musdalifah, Azis. Mintarti, S. and N. M. (2015). Fundamental Investment Management, Technical, Investor Behavior And Stock Returns (1st). Deepublish.
Prapaska, J. R., & SITI, M. (2012). Analysis of the Effect of Profitability Levels, Investment Decisions, Funding Decisions, and Dividend Policies on Company Value in Manufacturing Companies in Bei 2009-2010. Faculty of Economics and Business.
Pratiwi, M. (2020). Effect of Return On Asset (Roa), Debt To Equity Ratio (Der) And Earning Per Share (Eps) On Stock Price In Property Companies On Indonesia Stock Exchange . Equilibiria, 5(2).
Samsul, M. (2015). Capital Markets And Portfolio Management (2nd). Erlangga.
Sugiono, A. and E. U. (2016). Basic Practical Guide to Financial Statement Analysis. PT Grasindo.
Sugiyono. 2017. Quantitative Research Methods and R &D. Bandung: CV.
Alphabet.
Sulia, S. (2017). Analysis of Factors Affecting Stock Prices in Lq45 Companies Listed on the Indonesia Stock Exchange . Journal of Microeconomics: JWEM, 7(2), 129–140.
Suwandani, A., & Suhendro, A. W. (2017). The Effect of Profitability On The Share Price Of Food And Beverage Sector Manufacturing Companies In Bei Year 2014-2015. Journal of Accounting And Taxes, 18(01).
Thaib, I., & Dewantoro, A. (2017). The effect of profitability and liquidity on the value of the company with capital structure as an intervening variable. Journal of Banking Management And Accounting Research, 1(1), 25– 44.
Ulmiasari, A. M. (2016). Effect of Current Ratio, Return On Assets and Return On Equity on stock price. Muhammadiyah University.
Veronica, M., & Pebriani, R. A. (2020). Influence of Fundamental and Macroeconomic Factors on Stock Prices in Property Industry Companies on the Indonesia Stock Exchange .
Islamic Banking: A Journal of Islamic Banking Thought and Development, 6(1), 119–138.
Wiagustini, W. L. . . (2013). Financial Management. Udayana University Press.
Wijaya, B. I., & Sedana, I. B. P. (2015). The effect of profitability on the value of the company (Dividend policy and investment opportunities as mediating variables). E-Journal of Management of Udayana University, 4(12).
Wulandari, A. I., & Badjra, I. B. (2020). The Effect of Profitability on Share Price in Lq-45 Companies on the Indonesia Stock Exchange (Bei). E-Journal of Management of Udayana University, 8(9), 5722–5740.
Zaki, M., & Islahuddin, M. S. (2017). The Effect of Profitability, Financial Leverage and Company Size on Stock Prices (Study on Manufacturing Companies Listed on the Indonesia Stock Exchange for the Period 2005-2014). Journal of Accounting Administration: Unsyiah Postgraduate Program, 6(3).