Faktor - Faktor yang Mempengaruhi Harga Saham dengan Struktur Modal sebagai Variabel Mediasi pada Perusahaan Teknologi di Bursa Efek Indonesia Tahun 2018-2023

Abstract

The purpose of this research is to determine the effect of sales growth, profitability and liquidity on share prices with capital structure as an intervening variable in technology sector companies on the Indonesia Stock Exchange. This research is quantitative research with a causal nature and data collection techniques obtained through annual reports of technology sector companies listed on the IDX for the 2018-2023 period. The population in this research is technology sector companies listed on the Indonesia Stock Exchange (BEI), totaling 42 companies. The non-probability sampling technique in this research is saturated sampling (census). The analysis technique used is the path analysis technique. The research results show that sales growth has no effect on stock prices. Profitability has no effect on share prices. Liquidity has no effect on share prices. Capital structure has no effect on share prices. Sales growth has no effect on capital structure. Profitability has a negative effect on capital structure. Liquidity has no effect on capital structure. Sales growth has no effect on share prices through capital structure. Profitability has no effect on share prices through capital structure. Liquidity has no effect on share prices through capital structure.