Financial Distress And Debt To Asset Ratio Can Moderate Stock Price Problems
DOI:
https://doi.org/10.51601/ijersc.v3i3.391Keywords:
Return On Equity, Total Asset Turn Over, Cash Ratio, Stock Price, Financial Distress, Debt to Asset Ratio.Abstract
This study aims to analyze the effect of Return On Equity, Total Asset Turn Over, and
Cash Ratio on Stock Prices moderated by Financial Distress and Debt to Asset Ratio.
This study uses the objects of the Property and Real Estate sub-sector companies on the
Southeast Asian Stock Exchange for the period 2012-2020. The data collected is
secondary data with the documentation method in the form of the company's annual
report. The analytical tool used to test the hypothesis is SPSS 26. The sampling method
used in this study using purposive sampling technique obtained 11 companies that
present complete financial statements, so that obtained as many as 99 samples. The
analytical technique used is descriptive statistical analysis, classical assumption test,
MRA, multiple linear regression, t test, and f test. The result of the research partially
concludes that Return On Equity has no effect on Stock Price, Total Asset Turn Over
has a significant effect on Stock Price, and Cash Ratio has a significant effect on Stock
Price. The results of the study simultaneously Return On Equity, Total Asset Turn Over,
and Cash Ratio significant effect on stock prices. MRA research results shows that
Financial Distress Moderate Return On Equity on Stock Prices, Financial Distress
moderate Total Asset Turn Over to Stock Price, Financial Distress does not moderate
Cash Ratio to Stock Price, Debt To Asset Ratio moderates Return On Equity to Stock
Price, Debt To Asset Ratio moderate Total Asset Turn Over to Stock Price, and Debt To
Asset Ratio does not moderate Cash Ratio to the Share Price.
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