Net Profit Margin, Pertumbuhan Perusahaan dan Volatilitas Harga Saham Pada Perusahaan di Indonesia

Debbi Chyntia Ovami; Galih Supraja; Ari Irawan; Rustam Efendi

doi:10.47065/ekuitas.v4i2.2508

Debbi Chyntia Ovami Universitas Muslim Nusantara Al Washliyah, Medan, Indonesia
Galih Supraja Universitas Pembangunan Pancabudi, Medan, Indonesia
Ari Irawan Universitas IBBI Medan, Medan, Indonesia
Rustam Efendi * Universitas Muslim Nusantara Al Washliyah, Medan, Indonesia

(*) Corresponding Author

DOI: https://doi.org/10.47065/ekuitas.v4i2.2508

Keywords: Stock Price Volatility; Net Profit Margin; Growth

Abstract

This study aims to examine and analyze the factors that influence stock price volatility in sub-construction and building companies listed on the Indonesia Stock Exchange in 2015-2020. Determination of the sample using the purposive sampling method, the sample obtained was 9 sub-construction and building companies in the 2015-2020 period in order to obtain 54 observational data. The data used are secondary data and the analysis technique used is multiple linear regression method by conducting a series of assumption tests to ensure the feasibility of the data. The data processing used in this study uses panel data regression with the help of Eviews 10 software. The results of this study find that Net Profit Margin (NPM) partially has a positive and significant effect on stock price volatility and Growth has a negative and insignificant effect on stock price volatility. Meanwhile, based on the results of the simultaneous test (F test) that all independent variables jointly significantly affect the dependent variable.

Downloads

Download data is not yet available.

References

Andiani, N. W. S., & Gayatri, G. (2018). Pengaruh Volume Perdagangan Saham, Volatilitas Laba, Dividend Yield, dan Ukuran Perusahaan Pada Volatilitas Harga Saham. E-Jurnal Akuntansi, 24, 2148. https://doi.org/10.24843/eja.2018.v24.i03.p19

Artikanaya, I. K. R., & Gayatri, G. (2020). Pengaruh Asset Growth, Leverage, dan Dividend Payout Ratio pada Volatilitas Harga Saham. E-Jurnal Akuntansi, 30(5), 1270. https://doi.org/10.24843/eja.2020.v30.i05.p16

Ayuning Putri, A. F. (2020). Faktor-Faktor Penentu Volatilitas Harga Saham Sektor Perusahaan Properti, Real Estate Dan Building Construction. Jurnal Akuntansi Dan Keuangan, 8(2), 109. https://doi.org/10.29103/jak.v8i2.2563

Effendi, S., & Harahap, B. (2020). Analisis Faktor Internal Dan Eksternal Perusahaan Terhadap Harga Saham Sektor Consumer Goods Industry Di Bursa Efek Indonesia (Bei). Journal of Applied Managerial Accounting, 4(1), 102–109. https://doi.org/10.30871/jama.v4i1.1911

Ghozali, I., & Ratmono, D. (2017). Analisis Multivariat dan Ekonometrika : Teori, Konsep dan Aplikasi dengan Eviews 10, Edisi 2. Semarang: Badan Penerbit Universitas Diponegoro

Jannah, R., & Rachmaniyah, F. (2021). Pengaruh Net Profit Margin , Return on Equity , Return on Asset Terhadap Harga Saham Perusahaan Pertambangan Batu Bara Yang Terdaftar. 4(2), 92–103.

Lako, A. (2019). Volatilitas Harga Saham Dan Faktor-Faktor Yang. February.

Nasir, Diana, & Mawardi. (2018). ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI VOLATILITAS HARGA SAHAM (Studi Kasus Pada Perusahaan LQ45. E-Jra, 7(9), 24–38. www.idx.co.id,

Oktavianti, R., & Saryadi, S. (2020). Pengaruh Dividend Payout Ratio, Firm Size, Dan Leverage Terhadap Volatilitas Harga Saham (Studi Pada Perusahaan Indeks LQ-45 Yang …. Jurnal Ilmu Administrasi Bisnis, 1–14. https://ejournal3.undip.ac.id/index.php/jiab/article/view/27226

Öztürk, H. (2017). The Relationship Between Earnings-to-Price, Current Ratio, Profit Margin and Return: An Empirical Analysis on Istanbul Stock Exchange. Accounting and Finance Research, 7(1), 109. https://doi.org/10.5430/afr.v7n1p109

Puji Estuti, E., & Hendrayanti, S. (2020). Dampak Volume Perdagangan Saham, Profitabilitas Dan Dividen Terhadap Volatilitas Harga Saham. Proceeding Seminar Nasional & Call For Papers, November 2020, 128–136.

Rahmawantari, D. M. (2021). Volatilitas Harga Saham Pada Sektor Pertanian Di Indonesia. Jurnal Manajemen Bisnis Krisnadwipayana, 9(1), 40–47. https://doi.org/10.35137/jmbk.v9i1.514

Romli, H., Wulandari, M. F., & Pratiwi, T. S. (2017). Faktor-Faktor Yang Mempengaruhi Volatilitas Harga Saham Pada PT Waskita Karya Tbk. Ilmiah Ekonomi Global Masa Kini, 8(01), 1–5.

Rosyida, H., Firmansyah, A., & Wicaksono, S. B. (2020). Volatilitas Harga Saham: Leverage, Ukuran Perusahaan, Pertumbuhan Aset. JAS (Jurnal Akuntansi Syariah), 4(2), 196–208. https://doi.org/10.46367/jas.v4i2.256

Rowena, J., & Hendra, H. (2017). Earnings Volatility, Kebijakan Dividen, Dan Pertumbuhan Asset Berpengaruh Terhadap Volatilitas Harga Saham Pada Perusahaan Manufaktur Di BEI Periode 2013-2015. Jurnal Administrasi Kantor, 5(2), 231–242. http://ejournal-binainsani.ac.id/index.php/JAK/article/view/687/572

Sugiyono. 2018. Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung: Penerbit Alfabeta

Sutandijo, S. (2019). Kebijakan Dividen Dan Volatilitas Harga Saham Di Bursa Efek Indonesia. Jurnal Ilmiah Akuntansi Universitas Pamulang, 7(1), 01. https://doi.org/10.32493/jiaup.v7i1.2279

Yosevin Gloria Angesti, L. S. (2019). Faktor-Faktor Yang Mempengaruhi Volatilitas Harga Saham Perusahaan Manufaktur. Jurnal Ekonomi, 24(1), 46. https://doi.org/10.24912/je.v24i1.450

https://www.idnfinancials.com/id/

https://www.idx.co.id/

Bila bermanfaat silahkan share artikel ini

Berikan Komentar Anda terhadap artikel Net Profit Margin, Pertumbuhan Perusahaan dan Volatilitas Harga Saham Pada Perusahaan di Indonesia