VARIABEL MODERASI STRUKTUR MODAL PADA PENGARUH CR, DAN NPM TERHADAP HARGA SAHAM (Studi Empiris pada BUMN Sektor Konstruksi tahun 2015–2019)

Authors

  • Qosim Magister Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional "Veteran" Jawa Timur
  • Sri Trisnaningsih Fakultas Ekonomi dan Bisnis, Universitas Pembangunan Nasional "Veteran" Jawa Timur

Keywords:

CR, NPM, Stock Price, DCR

Abstract

The purpose of this study was to determine how the effect of current ratio (CR) and net profit margin (NPM) on stock prices with capital structure as a moderating variable. The population used in this study were all state-owned construction companies in Indonesia. Based on the specified criteria, a sample of 8 construction sector SOEs was obtained. This study uses secondary data in the form of financial statements. The analytical method used is descriptive analysis using the smartPLS 3 application. Based on the results of the study, the following conclusions are obtained: 1) CR has an effect on the share price of BUMN in the construction sector. 2) NPM affects the construction sector BUMN share price. 3) The capital structure is unable to strengthen the influence of CR and NPM on the share price of BUMN in the construction sector. Suggestions for further research are to increase the sample size, expand the scope of the research object and add variables that can have a strong influence on stock prices such as mediating variables.

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Published

2021-03-23

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Articles