The effect of firm size, current ratio, and debt to equity ratio on share price with profitability as an intervening variable in food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange

Authors

  • Khairul Anwar Student of Master Management, Sriwijaya University, Palembang, Indonesia
  • Isnurhadi Lecturer of Magister Management Economic Faculty, Sriwijaya University, Palembang, Indonesia
  • Marlina Widiyanti Lecturer of Magister Management, Economic Faculty, Sriwijaya University, Palembang, Indonesia
  • Mohamad Adam Lecturer of Magister Management, Economic Faculty, Sriwijaya University, Palembang, Indonesia

Keywords:

Firm Size, Current Ratio, Debt to Equity Ratio, Profitability, Stock Prices

Abstract

The purpose of this study is to obtain empirical evidence of Firm Size, Current Ratio, Debt to Equity Ratio on stock prices of food and beverage companies listed on the Indonesia Stock Exchange with profitability as mediating variable. The sampling technique used purposive sampling, the research samples obtained totaled 18 companies with a research period from 2019-2022 so that there were 72 units of analysis. The research design was quantitative descriptive. The analysis technique in this research is path analysis method. The results showed that Debt to Equity Ratio has a significant positive effect on profitability and no effect on stock prices. Size and Profitability has positive on stock prices. Profitability mediating the effect current ratio and debt to equity ratio effect on stock prices. The implication of this research is that companies must pay attention to debt to equity ratio has a positive and significant effect on profitability. While the size of the company is proxied by the amount of company assets, and profitability have a positive effect on stock prices.

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Published

2024-07-10

How to Cite

Anwar, K., Isnurhadi, I., Widiyanti, M., & Adam, M. (2024). The effect of firm size, current ratio, and debt to equity ratio on share price with profitability as an intervening variable in food and beverage subsector manufacturing companies listed on the Indonesia Stock Exchange. International Journal of Economic Perspectives, 18(1), 53–64. Retrieved from https://ijeponline.org/index.php/journal/article/view/535

Issue

Vol. 18 No. 1 (2024)

Section

Peer Review Articles
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Copyright (c) 2024 Khairul Anwar, Isnurhadi, Marlina Widiyanti, Mohamad Adam

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