PENGARUH RASIO AKTIVITAS DAN KINERJA KEUANGAN TERHADAP HARGA SAHAM DIMODERASI OLEH KEPEMILIKAN INSTITUSIONAL PADA SEKTOR FARMASI

Salsabila Putri, Heidy Paramitha Devi

Abstract


The influence of Activity Ratios and Financial Performance on Share Prices is moderated by Institutional Ownership in the Pharmaceutical Sector in 2019-2023. This research aims to determine the effect of activity ratios and financial performance on share prices moderated by Institutional Ownership in pharmaceutical sector companies. The population of this research is all pharmaceutical sector companies registered in Indonesia. The sampling technique used the saturated sample method so that 33 companies were obtained over a 5 year research period, and resulted in a final sample of 165 company samples. The data analysis technique uses moderate regression analysis (MRA). Data was processed using IBM SPSS Statistics v.24. The research results show that (Activity Ratio has an effect on stock prices, Financial Performance (EPS) has an effect on stock prices, Financial Performance (ROE) has no effect on stock prices, Institutional Ownership is not able to moderate the effect of the activity ratio on stock prices, Institutional Ownership is not able to moderate the influence of Financial Performance (EPS) on share prices, Institutional Ownership is unable to moderate the influence of Financial Performance (ROE) on share prices.
Keywords: Activity Ratio, Financial Performance, Share Price, Institutional Ownership


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