The Determinants of Stock Prices on Property and Real Estates Companies Listed in Indonesia Stock Exchange

Abstract

This study analyzes the effect of debt to equity ratio (DER), current ratio (CR), and total asset turnover (TATO) on property prices and real estate companies listed on the Indonesia Stock Exchange. The study uses associative causal with quantitative methods. The analytical method used is multiple linear regression with the independent variables DER, CR, and TATO, and the dependent variable is stock prices. The data in this study used secondary data from www.idx.co.id. The population in this study are property and real estate companies listed on the Indonesia Stock Exchange for the 2022 period. The number of samples in this study is 67 companies. The results of this study indicate that DER and CR have a significant effect on stock prices, and total asset turnover has no significant effect on stock prices. The CR has a significant effect. This study uses data from 2022 with 67 property and real estate companies as a sample. This study's originality is using a combination of 3 variables: financial ratios that represent debt, liquidity, and activity ratios.