Proceedings of The 2nd International Conference On Advance And Scientific Innovation, ICASI 2019, 18 July, Banda Aceh, Indonesia

Research Article

Analysis of Influence Factors on Stock Rate Through Distress Financial Level in Manufacture Company in 2010-2014

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  • @INPROCEEDINGS{10.4108/eai.18-7-2019.2288561,
    author={Mayang  Murni and Supriyanto  Supriyanto and Masniati Murni Ritonga and Wardayani  Wardayani and Zul  Azmi and Hamdani  Hamdani and Ismail  Ismail and Dahlia  Dahlia and Sisca  Mediyanti and Saiful  Bahgia},
    title={Analysis of Influence Factors on Stock Rate Through Distress Financial Level in Manufacture Company in 2010-2014},
    proceedings={Proceedings of The 2nd International Conference On Advance And Scientific Innovation, ICASI 2019, 18 July, Banda Aceh,  Indonesia},
    publisher={EAI},
    proceedings_a={ICASI},
    year={2019},
    month={11},
    keywords={firm size firm age cr der roa roe npm eps and per stock price financial distress level},
    doi={10.4108/eai.18-7-2019.2288561}
}
  • Mayang Murni
    Supriyanto Supriyanto
    Masniati Murni Ritonga
    Wardayani Wardayani
    Zul Azmi
    Hamdani Hamdani
    Ismail Ismail
    Dahlia Dahlia
    Sisca Mediyanti
    Saiful Bahgia
    Year: 2019
    Analysis of Influence Factors on Stock Rate Through Distress Financial Level in Manufacture Company in 2010-2014
    ICASI
    EAI
    DOI: 10.4108/eai.18-7-2019.2288561
Mayang Murni1,*, Supriyanto Supriyanto2, Masniati Murni Ritonga2, Wardayani Wardayani3, Zul Azmi4, Hamdani Hamdani5, Ismail Ismail6, Dahlia Dahlia7, Sisca Mediyanti8, Saiful Bahgia8
  • 1: Department of Accounting, Politeknik LP3I Medan, Indonesia
  • 2: Department of Business Administration, Politeknik LP3I Medan, Indonesia
  • 3: Department of Management, Sekolah Tinggi Ilmu Manajemen Sukma Medan, Indonesia
  • 4: Department of Accounting, University of Muhammadiyah Riau, Pekanbaru Indonesia
  • 5: Department of Public Financial Management, Politeknik Kutaraja, Banda Aceh, Indonesia
  • 6: Department of Office Administration, Politeknik Kutaraja, Banda Aceh, Indonesia
  • 7: Department of Financial Analysis, Politeknik Kutaraja, Banda Aceh, Indonesia
  • 8: Department of Accounting, Politeknik Kutaraja Banda Aceh, Indonesia
*Contact email: mayang.ashari@gmail.com

Abstract

The objective of this study was to examine the influence of size, firm age, CR, DER, ROA, ROE, NPM, EPS, and PER on stock price through financial distress level. The population was manufacture companies listed in BEI (the Indonesia Stock Exchange) in the period of 2010-2014. The samples were 73 manufacture companies listed in BEI, taken by using purposive sampling technique so that there were 365 observations. The data were secondary data which were obtained from financial statement. The result of the research showed that size, firm age, Current Ratio, and PER had positive and significant influence on stock rate. NPM and ROA had positive but insignificant influence on stock price. DER, ROE, and EPS had negative and insignificant influence on stock price. ROA had negative and significant influence on financial distress level. Firm size, Current Ratio, DER, ROE, EPS, and PER had negative and insignificant influence on financial distress level. Meanwhile, firm age had positive but insignificant influence on financial distress level, and NPM had positive and significant influence on financial distress level. Financial distress level mediated the influence of DER, ROE, and EPS on stock price. Meanwhile, financial distress level did not mediate size, firm age, Current Ratio, NPM, and PER on StockPrice.

Keywords
firm size firm age cr der roa roe npm eps and per stock price financial distress level
Published
2019-11-26
Publisher
EAI
http://dx.doi.org/10.4108/eai.18-7-2019.2288561
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