Research Article
The Comparative Analysis of Financial Performance and Its Effect on Stock Prices of Banking and Consumer Goods Companies
@INPROCEEDINGS{10.4108/eai.5-8-2020.2301188, author={Mursidah Nurfadillah and Ermi Utami}, title={The Comparative Analysis of Financial Performance and Its Effect on Stock Prices of Banking and Consumer Goods Companies}, proceedings={Proceedings of the 2nd International Conference of Business, Accounting and Economics, ICBAE 2020, 5 - 6 August 2020, Purwokerto, Indonesia}, publisher={EAI}, proceedings_a={ICBAE}, year={2020}, month={10}, keywords={financial performance stock prices banking goods companies jel codes: l25 a13 e49 l7}, doi={10.4108/eai.5-8-2020.2301188} }- Mursidah Nurfadillah
Ermi Utami
Year: 2020
The Comparative Analysis of Financial Performance and Its Effect on Stock Prices of Banking and Consumer Goods Companies
ICBAE
EAI
DOI: 10.4108/eai.5-8-2020.2301188
Abstract
This present study carried out a comparative analysis of financial performance and its effect on the stock prices of consumer goods and banking companies, both simultaneously and partially, and analyzed financial ratios that affected stock prices. The data in this research were collected through a panel data collection technique in a five-year lapse starting from 2012 to 2016. The objects of the research were consumer goods and banking companies registered on the Indonesia Stock Exchange. This research was categorized as causal research using the quantitative method and data analysis was performed using multiple linear regression. The results showed that the performance of the consumer goods companies was better than banking companies. Simultaneously, all research variables significantly influenced the stock prices of both banking and consumer goods companies with a significance value of 0,000. Partially, the variables that influenced banking stock prices were price book value and ROE. Whereas the shares of consumer goods were significantly affected by net profit, margins, and debt to equity ratio.
