The Effect of Total Debt and Sales on Share Prices of Coal Companies Listed on the Indonesian Stock Exchange for the 2018-2021 Period
DOI:
https://doi.org/10.38035/jafm.v4i3.264Keywords:
Total Debt, Sales, Share Prices of Coal CompaniesAbstract
This research aims to see the effect of total debt and sales on share prices in coal companies listed on the Indonesian Stock Exchange for the 2018-2021 period. The independent variables in this research include: total debt and sales, with the dependent variable being stock price. The data used in this research is secondary data, obtained from the Indonesian stock exchange. The sampling technique used accidental sampling to obtain a sample of 40 coal companies. The tests carried out were the t test, f test, and r-square coefficient of determination. Where secondary data has been tested for validity and reliability, and classical assumptions have been tested and all data is suitable for further analysis or data processing. The company financial data used covers 2018-2021 on the Indonesian Stock Exchange. Data processing uses the IBM SPSS version 27 data processing application. The results of this research show that: 1) Total debt has no partial and insignificant effect on the share prices of coal companies listed on the Indonesian Stock Exchange for the 2018-2021 period; 2) Sales have a partial positive and significant effect on the share prices of coal companies listed on the Indonesian Stock Exchange for the 2018-2021 period; and 3) Total debt and sales have a positive and significant effect on the share prices of coal companies listed on the Indonesian Stock Exchange for the 2018-2021 period simultaneously.
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Ali, H., Hamdan, H., &; Mahaputra, M. R. (2022). External Factors Perceived Ease of Use and Perceived Usefulness in Online Shopping Applications: Adoption of Technology Accepted Model. Journal of Multidisciplinary Science, 1(3), 587–604.
Ayuningrum, I. A., Paningrum, D., &; Kusumastuti, A. D. (2021). The Effect of Debt to Assets Ratio, Firm Size, Return on Assets and Sales Growth on Price to Book Value (Study on Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2013-2017). Business Economics and Entrepreneurship, X(1), 17–28.
Husadha, C., Winarso, W., Hidayat, W. W., Widjanarko, W., Suryati, A., &; Fikri, A. W. N. (2020). Training on Marketing, Sales and Accounting Reporting Improvement Strategies through Website Development at Yayasan Duta Bangsa Indonesia in Cikarang. UBJ Journal of Community Service, 3(1), 11–20. https://doi.org/10.31599/jabdimas.v3i1.51
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Manrejo, S. (2019). Analysis of Tax Compliance with Intervening Variable Pmk Number 91 of 2015 in Jakarta Central Tax Service Office. Journal of Business and Economics, 10(10), 981–991. https://doi.org/10.15341/jbe(2155-7950)/10.10.2019/006
Manrejo, S., Moeljadi, Surachman, & Sudjatno. (2020). Model of Tax Compliance Based on Intention to Pay Tax. International Journal of Innovation, Creativity and Change, 14(8), 52–70.
Marantika, A., Hasan, S., Fasa, M. I., & Panjaitan, R. (2020). The Role Of Investment Opportunities In The Influence Of Ownership Structure And Corporate Debt Policy. International Journal of Disaster Recovery and Business Continuity, 11(1), 2802–2814.
Nata, A. A. L., Riani, N., Marantika, A., &; Apriani, E. (2021). Profit planning with a break-even point as a basis for decision making for CV managers. Randu Sari Satu. Derivatives: Journal of Management, 15(1), 43–56.
Nofrialdi, R., Saputra, E. B., &; Saputra, F. (2023). The Effect of the Internet of Things: Analysis of Work Effectiveness, Individual Behavior and Supply Chain. Journal of Digital Management and Marketing (JMPD), 1(1), 1–13. https://dinastires.org/JPKN/article/view/111/104
Rahmadewi, P. W., &; Abundanti, N. (2018). The influence of eps, per, cr and roe on stock prices on the Indonesia Stock Exchange. E-Journal of Management Udayana University, 7(4), 2106. https://doi.org/10.24843/ejmunud.2018.v07.i04.p14
Ramadan, A. (2019). The Effect of Corporate Debt on Financial Performance (Empirical Study of Companies Listed in the Jakarta Islamic Index). MEA Scientific Journal, 3(2), 16–27. https://doi.org/10.31955/mea.vol3.iss2.pp
Saputra, E. B., & Saputra, E. (2023). Analysis of the Effect of Corporate Social Responsibility on MSME Business Performance with Innovation as a Mediating Variable. Siber International Journal of Digital Business (SIJDB), 1(1), 17–24. http://eprints.uns.ac.id/960/
Saputra, F. (2022a). Analysis Effect Return on Assets (ROA), Return on Equity (ROE) and Price Earning Ratio (PER) on Share prices of Coal Companies in the Indonesia Stock Exchange (IDX) Period 2018-2021. Dinasti International Journal of Economics, Finance and Accounting, 3(1), 82–94. http://repository.uph.edu/41805/%0Ahttp://repository.uph.edu/41805/4/Chapter1.pdf
Saputra, F. (2022b). Analysis of Total Debt , Revenue and Net Profit on Share prices of Foods And Beverages Companies on the Indonesia Stock Exchange ( IDX ) Period 2018-2021. Journal of Accounting and Finance Management, 3(1), 10–20. https://doi.org/https://doi.org/10.38035/jafm.v3i1
Saputra, F., Khaira, N., &; Saputra, R. (2023). The Effect of User Interface and Product Variation on Consumer Buying Interest (Literature Study). Journal of Communication and Social Sciences (JKIS), 1(1), 18–25.
Saputra, F., & Sumantyo, F. D. S. (2022). The Role of Marketing Management in Information Industry: Corporate Image , Brand Awareness and Promotion (Case Study at PT Lensa Potret Mandiri). Jornal of Applied Management and Business, 3(2), 46–54. https://doi.org/10.37802/jamb.v3i2.267
Sari, D. I. (2020). Pengaruh Quick Ratio Total Asset Turnover Dan Return On Investment Terhadap Harga Saham. Balance: Jurnal Akuntansi Dan Bisnis, 5(2), 123–134.
Widjanarko, W., Pramukty, R., & Yulianah, H. (2022). Strategic Financial Management in Micro , Small and Medium Enterprises ( Msmes ). Jurnal Ekonomi, 11(1), 255–260. ejournal.seaninstitute.or.id
Zulfahmi, Z., Marantika, A., &; Zulher, Z. (2022). THE EFFECT OF COMPETENCE AND TRAINING ON TEACHER CERTIFICATION PASS RATES AND THEIR IMPACT ON TEACHER PERFORMANCE IN PUBLIC HIGH SCHOOLS IN BANGKINANG KOTA. Jesya (Journal of Islamic Economics &; Economics), 5(1), 854–872.
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Published
2023-08-28
How to Cite
Wasserbauer, M. . (2023). The Effect of Total Debt and Sales on Share Prices of Coal Companies Listed on the Indonesian Stock Exchange for the 2018-2021 Period. Journal of Accounting and Finance Management, 4(3), 278–284. https://doi.org/10.38035/jafm.v4i3.264
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