Research Paper
Year: 2022 | Month: November | Volume: 9 | Issue: 11 | Pages: 168-177
DOI: https://doi.org/10.52403/ijrr.20221124
Determination of Fundamental and Technical Factors on Share Prices in Large-Capitalized Companies Listed on the Indonesia Stock Exchange for the 2015-2019 Period
Hasudungan Turnip
Master of Management Study Program on Postgraduate School of University of Sumatera Utara
ABSTRACT
The share price is the value of shares in the capital market which is expressed in currency during buying and selling on the stock exchange. Many factors affect stock prices including fundamental factors such as ROE, PBV, EPS, and DPR and technical factors such as sales volume. This study is a quantitative study that aims to examine the effect of fundamental and technical factors on the stock prices of large capitalization companies listed on the IDX for the 2015-2019 period, where the data obtained is realized in the form of secondary data obtained from the company's financial statements. The research population is large capitalization companies listed on the Indonesia Stock Exchange from 2015-2019. Determination of the sample using the probability sample method with special criteria and obtained 16 companies for 5 years (2015-2019) so that there are 80 valid data issuers. The data collection instrument used the secondary data documentation method in the form of time series and data analysis using multiple linear regression. The results of the study prove that Return on Equity (ROE), Price to Book Value (PBV), Earning per Share (EPS), Dividend Payout Ratio (DPR) and trading volume simultaneously have a significant and positive effect on the dependent variable (stock price). This is indicated by the value of F-count (26.741) > F-table (2.25) and sig-p (0.000) < 0.05. Return on Equity (ROE) partially has a significant effect on stock prices. Price to Book Value (PBV) partially has a significant effect on stock prices. Earning per Share (EPS) partially has a significant effect on stock prices. The dividend Payout Ratio (DPR) partially has a significant effect on stock prices. Trading volume partially has a significant effect on stock prices. Investors are advised to obtain more extensive information about the fundamental and technical factors that affect stock prices so that investment decisions can provide better results.
Keywords: Determination, Fundamental Factors, technical factors, the stock price
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