PENGARUH DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP HARGA SAHAM DENGAN PRICE TO BOOK VALUE SEBAGAI VARIABEL INTERVENING PADA SUB SEKTOR FARMASI YANG TERCATAT DI BEI PERIODE 2016-2020

Wahyu Pratama Wahidin, 1800861201202 (2022) PENGARUH DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP HARGA SAHAM DENGAN PRICE TO BOOK VALUE SEBAGAI VARIABEL INTERVENING PADA SUB SEKTOR FARMASI YANG TERCATAT DI BEI PERIODE 2016-2020. skripsi thesis, Universitas Batanghari Jambi.

Text (PENGARUH DEBT TO EQUITY RATIO DAN RETURN ON EQUITY TERHADAP HARGA SAHAM DENGAN PRICE TO BOOK VALUE SEBAGAI VARIABEL INTERVENING PADA SUB SEKTOR FARMASI YANG TERCATAT DI BEI PERIODE 2016-2020) Wahyu Pratama Wahidin 1800861201202-.pdf - Published Version Download (1MB)

Abstract

ABSTRACT Wahyu Pratama Wahidin/ 1800861201202/ Faculty of Economics University Batanghari Jambi/ The Effect of Debt To Equity Ratio And Return On Equity On Stock Price With Price To Book Value As An Intervening Variable In The Pharmaceutical Industry Listed On The Indonesia Stock Exchange For The Period 2016-2020/ 1 st Advisor R. Adisetiawan, SE, MM /2nd Fadil Iskandar, SE, MM The purpose of this study is to analyze the effect of debt to equity ratio and return on equity directly on price book value, analyze the effect of debt to equity ratio indirectly on price book value, analyze the effect of return on equity indirectly on price book value, analyze the effect of debt to equity ratio and return on equity directly and indirectly on stock prices, analyze the effect of debt to equity ratio indirectly on stock prices, analyze the effect of return on equity indirectly on stock prices and analyze the effect of price book value on stock prices. The type of data used in this study is secondary data. The population in this study consisted of 11 companies, along with the population of Pharmaceutical industry companies registered in the country. The unit of analysis used is the sample financial statements for 4 years, namely 2016- 2020. So that the research sample is the financial statements of 4 Pharmaceutical industry companies listed on the IDX. The Pharmaceutical Industry is a company in the form of a legal entity that has a license to carry out production activities and distribution of drugs and medicinal materials, including Narcotics. The Covid-19 pandemic has a positive influence on the stock performance of pharmaceutical companies. Simultaneously there is a significant influence between DER and ROE on the share price. partially DER has an influence on PBV. Partially ROE has no effect on PBV because the calculated t value < t of the table (1.863 < 2.014). Simultaneously there is a significant influence between DER and ROE on the development of stock prices. partial PBVs have an influence on the development of stock prices. The direct effect of DER on total PBV was positive at 41.63%. the direct effect of ROE on total PBV was 1.67%. DER and ROE contributed to PBV of 43.33%. the direct effect of DER on the Share Price of the total influence is positive at 30.96%. the direct effect of ROE on the development of the share price total influence by 0.37%. the total direct and indirect influence of DER and ROE on the share price was 30.59%. the effect of PBV on the share price of 14.21%

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