Year: 2025 | Month: December | Volume: 12 | Issue: 12 | Pages: 230-244
DOI: https://doi.org/10.52403/ijrr.20251225
The Effect of Rentability, Profitability, Leverage, and Liquidity on Stock Prices with Firm Size as a Moderating Variable in Energy Companies Listed on the Indonesia Stock Exchange 2019-2024
Leonard Rizal Sinaga1, Fahmi Natigor Naustion2, Khaira Amalia3
1Master of Accounting Student at University of Sumatera Utara, Indonesia.
2Master of Accounting Lecturer at University of Sumatera Utara, Indonesia.
3Master of Accounting Lecturer at University of Sumatera Utara, Indonesia.
Corresponding Author: Leonard Rizal Sinaga
ABSTRACT
This study aims to analyze the effect of profitability, profitability, leverage and liquidity on stock prices (Y) in energy sector companies listed on the Indonesia Stock Exchange which are divided into two research period segments, namely 2019-2021, and the period 2022-2024.
This type of research is quantitative descriptive study, with purposive sampling technique. The number of observations used in this study was 72 data, with a purposive sampling technique. The research data that had been collected was then analyzed using a testing tool in the form of eviews 12, and presented with descriptive analysis.
The Result it can be concluded that in 2019-2021 all independent variables, namely profitability, profitability, leverage and liquidity, had a positive effect on stock prices (Y). While in 2022-2024, profitability, leverage and liquidity had a negative effect on stock prices (Y), and profitability had a positive effect on stock prices (Y). The results of the analysis also show that on period 2019-2021, and 2022-2024 Firm Size is able to moderate the effect of profitability, profitability, leverage and liquidity on stock prices.
Keywords: Rentability, Profitability, Leverage, Liquidity, Stock Prices, Firm Size
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