The The Influence of Company Growth, Return on Investment, and Earnings per Share on Stock Prices of PT. Kimia Farma and PT. Indofarma Before and During the Covid-19 Pandemic
DOI:
https://doi.org/10.35145/icobima.v3i2.4573Keywords:
Company Growth, Earning Per Share, Return on Investment, Share PriceAbstract
The aim of this research is to determine the influence of company growth, return on investment and earnings per share on share prices at PT. Kimia Farma and PT. Indofarma both in the period before and during the Covid-19 pandemic as well as differences in Company Growth, Return on Investment and Earnings per Share of PT. Kimia Farma and PT. Indofarma between before and during the Covid-19 pandemic. This type of research is quantitative using panel data regression analysis and difference tests as data analysis methods. The data used are financial reports taken from the Indonesian Stock Exchange. The research results show that: partially, company growth in the period before the Covid-19 pandemic did not have a significant effect on share prices, Company growth during the Covid-19 pandemic had a significant effect on share prices, Return on Investment in the period before and during the Covid-19 pandemic. has a significant effect on share prices, Earnings per Share in the period before and during the Covid-19 pandemic did not have a significant effect on share prices. Meanwhile, the results of different tests on Company Growth, Return on Investment and Earnings per Share did not have significant differences between before and during the Covid-19 pandemic.
Downloads
Download data is not yet available.
References
Abram, Silvia Veronika. (2021). Analysis of the Influence of Return On Equity, Debt To Equity Ratio, Earning Per Share, and Price Earning Ratio on the Stock Price of PT. Kimia Farma Tbk and Indofarma Tbk Before and During the Covid-19 Pandemic. Depok: Jakarta State Polytechnic.
Candra, Dodi, and Eli Wardani. (2021). The effect of profitability, liquidity, solvency, activity ratio and company growth on stock prices. Journal of Management 13.2: 212-223.
Fadrul, F., Howard, H., Nurazizah, F., Eddy, P., Novitriansyah, B., & Estu, A. Z. (2023). Analysis of Company Size, Inventory Intensity, and Variability of COGS on The Selection of Inventory Valuation Methods in Basic Materials Sector Companies Listed on IDX 2017-2021. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 227–237. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4068
Hocky, A., Pasaribu, Y. B., Junita, R., Putra, R., & Syahputra, H. (2023). The Effect of Price Earnings Ratio, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover on Stock Returns on The Kompas 100 Index Agus. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 271–281. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4086
Jayengrini, AP (2022). The Effect of Debt To Equity Ratio, Earning Per Share, Return On Investment on Stock Prices (In Manufacturing Sub-Sector Companies. 171–177.
Lumbantoruan, M. R., Panjaitan, H. P., & Chandra, T. (2021). The Influence of COVID-19 Events to Vaccination on Abnormal Return and Trading Volume Activity in IDX30 Companies. Journal of Applied Business and Technology, 2(3), 183–193.
Napitupulu, R.B., Simanjuntak, T.P., Hutabarat, L., Damanik, H., Harianja, H., Sirait, R.T.M., & Tobing, CERL (2021). Business Research: Techniques and Data Analysis with SPSS - STATA - EVIEWS. Madenatera, 1, 230.
Renaldo, N., Rozalia, D. K., Musa, S., Wahid, N., & Cecilia. (2023). Current Ratio, Firm Size, and Return on Equity on Price Earnings Ratio with Dividend Payout Ratio as a Moderation and Firm Characteristic as Control Variable on the MNC 36 Index Period 2017-2021. Journal of Applied Business and Technology, 4(3), 214–226. https://doi.org/10.35145/jabt.v4i3.136
Renaldo, N., Suhardjo, Putri, I. Y., Juventia, J., & Nur, N. M. (2021). Penilaian Harga Saham Hijau Perusahaan Sektor Industri Barang Konsumsi Tahun 2015-2019. Procuratio: Jurnal Ilmiah Manajemen, 9(3), 283–298.
Renaldo, N., Suharti, Suyono, & Suhardjo. (2022). Manajemen Laba Teori dan Pembuktian (T. Chandra & Priyono, Eds.). CV. Literasi Nusantara Abadi.
Saputro, Dimas. (2019). The Effect of Return On Assets, Earnings Per Share and Book Value Per Share on Stock Prices. Journal of Ocean Economics and Business 10.2: 124-132.
Sari, Ayu Nirmala, et al. (2021). The Effect of Earning Per Share, Return On Equity and Net Profit Margin on Stock Prices in Coal Companies Listed on the IDX for the Period 2015-2019. Scientific Journal Of Reflection: Economic,Accounting, Management and Business 4.3: 458-464.
Sari, Chandra, T., & Panjaitan, H. P. (2021). The Effect of Company Size and DER on ROA and Company Value in the Food and Beverage Sub Sector on the Indonesia Stock Exchange (IDX). Journal of Applied Business and Technology, 2(2), 134–141.
Sari, Dian Indah. (2020). The Effect of Quick Ratio Total Asset Turnover and Return on Investment on Stock Prices. Balance: Journal of Accounting and Business 5.2: 123-134.
Sidi, Indriani. (2019). The Effect of Company Growth, Return on Investment, and Earning per Share on Stock Prices in Coal Mining Companies Listed on the Indonesia Stock Exchange. Batam: University of Riau Islands.
Sugiyono. (2019). Quantitative and Qualitative Research Methodology and R&D. Bandung: Alfabeta
Toto, Prihadi. (2020). Financial Statement Analysis: Concepts & Applications. Jakarta: PT. Gramedia Pustaka Utama.
Utomo, Agus Setyo. (2019). The effect of CSR, ROI, ROE on stock prices in manufacturing companies listed on the Indonesia Stock Exchange. Journal of Accounting Theory and Application Research (PETA) 4.1: 82-94.
Vina, J., Junaedi, A. T., & Panjaitan, H. P. (2021). Determinants of Profitability and Capital Structure in KOMPAS100 Index Companies Year 2016-2020. Journal of Applied Business and Technology, 2(3), 233–242.
Wijaya, E., Ali, Z., Hocky, A., Anton, A., & Oliver, W. (2023). Impact of Company Size, Income on Share, Debt to Equity, Total Assets Revenue and Net Profit on The Kompas 100 Company Value Index. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 218–226. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4066
Candra, Dodi, and Eli Wardani. (2021). The effect of profitability, liquidity, solvency, activity ratio and company growth on stock prices. Journal of Management 13.2: 212-223.
Fadrul, F., Howard, H., Nurazizah, F., Eddy, P., Novitriansyah, B., & Estu, A. Z. (2023). Analysis of Company Size, Inventory Intensity, and Variability of COGS on The Selection of Inventory Valuation Methods in Basic Materials Sector Companies Listed on IDX 2017-2021. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 227–237. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4068
Hocky, A., Pasaribu, Y. B., Junita, R., Putra, R., & Syahputra, H. (2023). The Effect of Price Earnings Ratio, Debt to Equity Ratio, Net Profit Margin, and Total Asset Turnover on Stock Returns on The Kompas 100 Index Agus. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 271–281. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4086
Jayengrini, AP (2022). The Effect of Debt To Equity Ratio, Earning Per Share, Return On Investment on Stock Prices (In Manufacturing Sub-Sector Companies. 171–177.
Lumbantoruan, M. R., Panjaitan, H. P., & Chandra, T. (2021). The Influence of COVID-19 Events to Vaccination on Abnormal Return and Trading Volume Activity in IDX30 Companies. Journal of Applied Business and Technology, 2(3), 183–193.
Napitupulu, R.B., Simanjuntak, T.P., Hutabarat, L., Damanik, H., Harianja, H., Sirait, R.T.M., & Tobing, CERL (2021). Business Research: Techniques and Data Analysis with SPSS - STATA - EVIEWS. Madenatera, 1, 230.
Renaldo, N., Rozalia, D. K., Musa, S., Wahid, N., & Cecilia. (2023). Current Ratio, Firm Size, and Return on Equity on Price Earnings Ratio with Dividend Payout Ratio as a Moderation and Firm Characteristic as Control Variable on the MNC 36 Index Period 2017-2021. Journal of Applied Business and Technology, 4(3), 214–226. https://doi.org/10.35145/jabt.v4i3.136
Renaldo, N., Suhardjo, Putri, I. Y., Juventia, J., & Nur, N. M. (2021). Penilaian Harga Saham Hijau Perusahaan Sektor Industri Barang Konsumsi Tahun 2015-2019. Procuratio: Jurnal Ilmiah Manajemen, 9(3), 283–298.
Renaldo, N., Suharti, Suyono, & Suhardjo. (2022). Manajemen Laba Teori dan Pembuktian (T. Chandra & Priyono, Eds.). CV. Literasi Nusantara Abadi.
Saputro, Dimas. (2019). The Effect of Return On Assets, Earnings Per Share and Book Value Per Share on Stock Prices. Journal of Ocean Economics and Business 10.2: 124-132.
Sari, Ayu Nirmala, et al. (2021). The Effect of Earning Per Share, Return On Equity and Net Profit Margin on Stock Prices in Coal Companies Listed on the IDX for the Period 2015-2019. Scientific Journal Of Reflection: Economic,Accounting, Management and Business 4.3: 458-464.
Sari, Chandra, T., & Panjaitan, H. P. (2021). The Effect of Company Size and DER on ROA and Company Value in the Food and Beverage Sub Sector on the Indonesia Stock Exchange (IDX). Journal of Applied Business and Technology, 2(2), 134–141.
Sari, Dian Indah. (2020). The Effect of Quick Ratio Total Asset Turnover and Return on Investment on Stock Prices. Balance: Journal of Accounting and Business 5.2: 123-134.
Sidi, Indriani. (2019). The Effect of Company Growth, Return on Investment, and Earning per Share on Stock Prices in Coal Mining Companies Listed on the Indonesia Stock Exchange. Batam: University of Riau Islands.
Sugiyono. (2019). Quantitative and Qualitative Research Methodology and R&D. Bandung: Alfabeta
Toto, Prihadi. (2020). Financial Statement Analysis: Concepts & Applications. Jakarta: PT. Gramedia Pustaka Utama.
Utomo, Agus Setyo. (2019). The effect of CSR, ROI, ROE on stock prices in manufacturing companies listed on the Indonesia Stock Exchange. Journal of Accounting Theory and Application Research (PETA) 4.1: 82-94.
Vina, J., Junaedi, A. T., & Panjaitan, H. P. (2021). Determinants of Profitability and Capital Structure in KOMPAS100 Index Companies Year 2016-2020. Journal of Applied Business and Technology, 2(3), 233–242.
Wijaya, E., Ali, Z., Hocky, A., Anton, A., & Oliver, W. (2023). Impact of Company Size, Income on Share, Debt to Equity, Total Assets Revenue and Net Profit on The Kompas 100 Company Value Index. Proceeding of International Conference on Business Management and Accounting (ICOBIMA), 2(1), 218–226. https://doi.org/https://doi.org/10.35145/icobima.v2i1.4066
Downloads
Additional Files
Published
2025-08-23
