Pengaruh Profitabilitas, Likuiditas, Pertumbuhan Penjualan, Struktur Modal, dan Kebijakan Dividen terhadap Harga Saham Perusahaan Subsektor Industri Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2023

Abstract

This study aims to analyze the effect of profitability, liquidity, sales growth, capital structure, and dividend policy on the stock prices of food and beverage sub-sector companies listed on the Indonesia Stock Exchange (IDX) for the period of 2019–2023. The research employs a quantitative approach with an associative research type. The data used are secondary data obtained from the companies’ annual financial statements. The population in this study consists of 57 companies, and based on the sample selection criteria, 19 companies were selected as the sample. The data analysis technique used is multiple linear regression with panel data method. The results of this study indicate that profitability has a positive and significant effect on stock prices, liquidity has a positive but not significant effect on stock prices, sales growth has a negative and not significant effect on stock prices, capital structure has a positive and not significant effect on stock prices, and dividend policy has a negative and significant effect on stock prices.