The Effect of Financial Performance on Stock Prices in Telecommunication Companies Listed on the IDX
DOI:
https://doi.org/10.24256/kharaj.v8i2.9991Keywords:
Liquidity, Solvency, Profitability, Activity, Stock PriceAbstract
This study aims to find out and analyze the influence of financial performance on the stock price of telecommunication companies listed on the IDX. This type of research is quantitative. The population in this study is the financial statements of telecommunication companies on the IDX which amount to 18 companies. The analysis technique used is multiple linear regression analysis. The results of this study show that financial performance variables have a significant effect on the stock prices of telecommunication companies listed on the IDX. The current ratio partially has a significant effect on the share price of telecommunication companies listed on the IDX, the debt to equity ratio partially has a significant effect on the share price of telecommunication companies listed on the IDX, return on equity partially has a significant effect on the share price of telecommunication companies listed on the IDX and total asset turnover partially has a significant effect on the share price of telecommunication companies listed on the IDX
References
Anggreni, N. P. C., & Efendi, D. (2023). The effect of total assets growth, current ratio, total assets turnover, and price to book value on stock returns in food and beverage companies listed on the stock exchange. Journal of Accounting Science and Research, 12(6), 1–20.
Anggrainie, N., Pratiwi, D., & Lestari, A. (2025). The effect of current ratio, debt to equity ratio, return on equity, and total asset turnover on the share price of manufacturing companies in the food and beverage subsector for the 2019–2023 period. Scientific Journal of Management and Business, 10(1), 45–58.
Buchori, A. (2022). Analysis of the ratio of profitability to the company's share price. Journal of Management and Business, 9(2), 115–126.
Fahmi, I. (2020). Analysis of financial statements. Alphabet.
Fahrini, A. D., Rahman, F., & Putri, S. A. (2025). The effect of debt to equity ratio, return on equity, and current ratio on stock prices in companies that are members of the Jakarta Islamic Index for the 2019–2023 period. Journal of Economics and Investment, 7(2), 112–124.
Ghozali, I. (2018). Application of multivariate analysis with the IBM SPSS 25 program (9th Edition). Publishing Agency of Diponegoro University.
Hasan, M. (2021). Corporate financial management. Media Discourse Partners.
Hutabarat, F. (2020). Analysis of the company's financial performance (Vol. 1). Holy Lady.
Jogiyanto Hartono. (2017). Portfolio theory and investment analysis (11th edition). BPFE.
Nugraha, A. S. (2023). The Effect of ROA and ROE on Stock Prices in Banking Companies on the IDX. Journal of Science and Research, 12(12), 1–16.
Noor, S. R., & Putri, S. Y. (2023). The effect of liquidity (current ratio) on stock prices in companies listed on the Indonesia Stock Exchange. Journal of Accounting, 17(1).
Siregar, B. G. (2020). The effect of debt to equity ratio (DER) on stock prices with inflation as a moderating variable. Journal of Accounting Economics Research (JENSI), 4(2), 114–124. https://doi.org/10.33059/jensi.v4i2.2736
Sofyan, P. N., Tikollah, M. R., & Dunakhir, S. (2025). The effect of financial performance on stock prices in health companies listed on the Indonesia Stock Exchange. 5942, 488–500.
Sugiyono. (2013). Business research methods (quantitative, qualitative, and R&D approaches). Alphabet.
Sugiyono. (2019). Quantitative, qualitative, and R&D research methods. Alphabet.
Sugiarto, B., Santoso, R., & Wahyuni, T. (2025). The effect of return on assets, return on equity, current ratio, and debt to equity ratio on the share price of LQ45 index companies for the 2019–2024 period. E-Logic: Journal of Economics and Management, 13(1), 1–14.
Shintianingrum, D., & Takarini, N. (2024). Analysis of financial ratios on stock prices with profitability as a moderating variable in LQ45 companies listed on the Indonesia Stock Exchange. East Asian Journal of Multidisciplinary Research, 3(5), 1851–1864.
Tandelilin, E. (2010). Portfolios and investments: theory and applications. Kanisius.
Wardhani, R. S., Vebtasvili, A., Aprilian, R. I., Suhdi, S., Yunita, A., & Agustina, D. (2022). Getting to know stocks. K-Media.
Zulkifli, Z., Machmud, M., Diva, S., & Lukman, S. (2023). Analysis of profitability ratio and activity ratio in measuring financial performance. 10(2), 129–136.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Andi Awalia Ramadhani, Darman, Juliana Kadang, Suryadi Samudra
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International License. In line with the license, authors are allowed to share and adapt the material. In addition, the material must be given appropriate credit, provided with a link to the license, and indicated if changes were made. If authors remix, transform or build upon the material, authors must distribute their contributions under the same license as the original.
