The Influence Of Profitability On The Stock Price Of Construction Companies Listed On The Indonesia Stock Exchange For The Period 2019-2023

Authors

  • Ahmad Imam Meilana Universitas Muhammadiyah Makassar Author
  • Syamsuddin Syamsuddin Universitas Muhammadiyah Makassar Author
  • Masrullah Masrullah Universitas Muhammadiyah Makassar Author

DOI:

https://doi.org/10.36985/hfk8te32

Keywords:

Return on Asset (ROA), Return on Equity (ROE), Net Profit Margin (NPM), Stock Prices

Abstract

This study aims to analyze the impact of profitability, measured by Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM), on the stock prices of construction companies listed on the IDX for the period 2019–2023. Utilizing a quantitative approach with secondary data from 19 companies, the analysis was conducted through multiple linear regression using SPSS 26. The results indicate that ROA and ROE have a positive and significant effect on stock prices, while NPM does not show significance. This finding reinforces the signal theory that high profitability serves as a positive signal for investors. This study is expected to contribute to investment decision-making and corporate financial strategy planning

Downloads

Download data is not yet available.

Downloads

Published

2025-05-31

How to Cite

Meilana, . A. I., Syamsuddin, S., & Masrullah, M. (2025). The Influence Of Profitability On The Stock Price Of Construction Companies Listed On The Indonesia Stock Exchange For The Period 2019-2023. Jurnal Ekuilnomi, 7(2), 302-309. https://doi.org/10.36985/hfk8te32

Similar Articles

1-10 of 33

You may also start an advanced similarity search for this article.