Title:
Analysis of Factors Affecting the Stock Price of Manufacture Companies in Indonesia

Authors:
Bernardus Ivan Pratama Tisera, Hedwigis Esti Riwayati*, Indonesia

Abstract:

The purpose of this study is to analyze the impact of Covid-19 on Earnings Per Share, Debt to Equity Ratio, Return on Assets on stock prices. The sample used in this study is manufacturing sector companies listed on the Indonesia Stock Exchange. The data used is in the form of quarterly financial statements for the 2019-2022 period Data analysis techniques use regression panel data processed using EViews version 10 software. The results of the study found that Earnings Per Share and Debt to Equity Ratio have a significant positive effect on the stock price of manufacturing companies. Return On Asset has no effect on the share price of a manufacturing company. The value of the coefficient of determination of 54.5 percent shows that the influence of Earnings Per Share, Return On Assets and Debt to Equity Ratio on the stock price of manufacturing companies in the study period was 54.5 percent, the remaining 45.6 percent was influenced by other factors.

DOI: https://doi.org/10.51505/IJEBMR.2025.9106