THE EFFECT OF PROFITABILITY, SOLVABILITY AND LIQUIDITY ON STOCK PRICES BEFORE AND DURING THE COVID-19 PANDEMIC (CASE STUDIES IN MINING, OIL AND GAS, MANUFACTURING AND SERVICE COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE)

• Main Author: Furqaan Didah Cipto, Achmad
• Format: Theses
• Language: Indonesia
• Subjects: Manajemen umum
• Online Access: https://digilib.itb.ac.id/gdl/view/79079
• Institution: Institut Teknologi Bandung

The aim of this research is to find out how profitability, solvency and liquidity affect stock prices. The ROA and ROE ratios in this research are used as proxies for profitability, the DAR and DER ratios for solvency, and the CR, QR and cash ratios for liquidity. This research uses a quantitative research design using the Wilcoxon Signed Ranks Test and multiple linear regression analysis. The findings of this study show that share prices are not affected by asset returns either before or after the Covid-19 epidemic. Before and during the Covid-19 epidemic, share prices were influenced by return on equity. Stock prices are not affected by the debt-to-asset ratio before and during the COVID-19 epidemic. Before and during the COVID-19 epidemic, stock prices were influenced by the debt-to-equity ratio. Share prices are influenced by the current ratio both before and after the Covid-19 pandemic. Share prices are not affected by the quick ratio either before or after the Covid-19 epidemic. Share prices are not affected by the cash ratio either before or during the Covid-19 pandemic. Share prices are influenced by ROA, ROE, DAR, DER, CR, QR and Cash Ratio together before and during the Covid-19 epidemic. Wilcoxon Signed Rate Test findings show that although stock prices and cash ratios fluctuated before and after the Covid-19 epidemic, ROA, ROE, DAR, DER, CR and QR did not change.