Authors :
Edwardus Emmanuel Susanto; Sri Marti Pramudena
Volume/Issue :
Volume 7 - 2022, Issue 8 - August
Google Scholar :
https://bit.ly/3IIfn9N
Scribd :
https://bit.ly/3LpGN79
DOI :
https://doi.org/10.5281/zenodo.7087960
Abstract :
This study aims to determine whether there is a
positive effect of liquidity, profitability, and financial
distress using the Altman Z-Score method on stock prices.
The financial ratios studied are Current Ratio, Return on
Equity, Return on Assets, and financial distress as
independent variables and stock price as dependent
variable. The population used are banking companies
listed on the LQ45 Index and take 5 banking companies as
samples, namely Central Asia Bank (BBCA), Negara
Indonesia Bank (BBNI), Rakyat Indonesia Bank (BBRI),
Tabungan Indonesia Bank (BBTN), and Mandiri Bank
(BMRI) from 2015 to 2020. This research is qualitative
research with a descriptive study approach using
secondary data. The statistical method used in this study is
the multiple regression method. The results of this study
indicate that the variables Current Ratio and Return on
Assets have a positive and significant effect on stock prices.
While Return on Equity has a negative and significant
effect on stock prices and Bankruptcy Predictions have no
significant effect on stock prices in banking companies in
LQ45
Keywords :
Current Ratio, Return on Equity, Return on Assets, Bankruptcy Prediction, Stock price
This study aims to determine whether there is a
positive effect of liquidity, profitability, and financial
distress using the Altman Z-Score method on stock prices.
The financial ratios studied are Current Ratio, Return on
Equity, Return on Assets, and financial distress as
independent variables and stock price as dependent
variable. The population used are banking companies
listed on the LQ45 Index and take 5 banking companies as
samples, namely Central Asia Bank (BBCA), Negara
Indonesia Bank (BBNI), Rakyat Indonesia Bank (BBRI),
Tabungan Indonesia Bank (BBTN), and Mandiri Bank
(BMRI) from 2015 to 2020. This research is qualitative
research with a descriptive study approach using
secondary data. The statistical method used in this study is
the multiple regression method. The results of this study
indicate that the variables Current Ratio and Return on
Assets have a positive and significant effect on stock prices.
While Return on Equity has a negative and significant
effect on stock prices and Bankruptcy Predictions have no
significant effect on stock prices in banking companies in
LQ45
Keywords :
Current Ratio, Return on Equity, Return on Assets, Bankruptcy Prediction, Stock price