Share Price Trigger in Manufacturing Companies on The Indonesia
Stock Exchange

Share Price Trigger in Manufacturing Companies on The Indonesia
Stock Exchange

Manufacturing Companies, Stock Exchanges, Stock Prices.

This study aims to examine the effect of Earning Per Share (EPS), Net Profit Margin (NPM), Gross
Profit Margin (GPM), and Total Asset Turnover (TATO) on stock prices in manufacturing companies
in the food and beverages sector listed on the Indonesia Stock Exchange (IDX) with an observation
period of 2018-2022. The population and sample in this study are the quarterly financial statements of
manufacturing companies in the food and beverage sector listed on the Indonesia Stock Exchange.
The sampling method used is purposive sampling, with a total sample of 252 quarterly financial
statements from 12 companies. The data used in this research is secondary data. Then, the data
collected was tested by multiple linear regression analysis, which was processed using the SPSS
version 18 application. The results showed that EPS and NPM have a positive and significant effect on
stock prices, while GPM has no significant effect on stock prices, and TATO has a negative and
significant impact on stock prices. Simultaneously, EPS, NPM, GPM, and TATO positively and
significantly affect stock prices with a coefficient of determination of 67.4%

Ni Nyoman Juli Nuryani1, A. A.N. Oka Suryadinatha Gorda2*, Ery Sulistyorini3

https://jurnal.unmer.ac.id/index.php/jkdp/

Management Study Program, STIE Satya Dharma Singaraja
Yudistira 11 Buleleng, Bali, 81112, Indonesia. 2*Department of Management, Universitas Pendidikan Nasional
Bedugul 39 Sidakarya, Denpasar, Bali, 80224, Indonesia.
3Faculty of Economic and Bussiness, Universitas Merdeka Malang
Terusan Dieng 62-64 Malang, Jawa Timur, 65146, Indonesia.

2023-04-20

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