Analysis of the Influence of Profitability, Liquidity, Solvency and Trading Volume on Stock Prices (Case Study: Jakarta Islamic Index 70 Sharia Stocks)

Elasa Natalie Dara Juvita Setiaw, Lutfi Nurcholis

Abstract


Indonesia's economic conditions from 2022 to 2024 experienced fluctuations due to the impact of internal and external factors. To summarize, 2022 was a period of economic recovery following COVID-19 and the onset of global geopolitical tensions that triggered inflation. Then, in 2023, high interest rates (FFR and BI-Rate) were implemented to suppress inflation, which impacted corporate borrowing costs. Meanwhile, 2024 was a political year (elections) that typically created unique dynamics and a wait-and-see attitude among investors in the capital market. These conditions significantly impacted corporate performance, reflected in the fluctuations in stock prices on the capital market. In this study, the authors used quantitative research methods. According to Sekaran & Bougie (2019), quantitative research is a research method based on the philosophy of positivism used to study specific populations or samples, data collection using research instruments, and quantitative data analysis. Based on the results of the testing and analysis conducted by the researchers, it can be concluded that profitability has a positive and significant influence on stock prices, meaning that an increase in a company's profitability will drive up its stock price. Liquidity has no influence on stock prices. This indicates that investors no longer view short-term liquidity as a primary determinant in assessing a company's stock price. Solvency has a negative and significant influence on stock prices.


Keywords


Geopolitics; Global; Liquidity; Profitability; Tension.

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References


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DOI: http://dx.doi.org/10.30659/sanlar.v8i1.52435

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