Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)

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The Effect of Price to Book Value, Cash Ratio, and Net Profit Margin on Stock Return in Coal Sub Sector Companies on the Indonesia Stock Exchange for the 2017-2021 Period

Authors
Michael Horas Korompis1, *, Pristin Prima Sari1, Alfiatul Maulida1
1Management Department, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia
*Corresponding author. Email: mhoraskorompis@gmail.com
Corresponding Author
Michael Horas Korompis
Available Online 30 May 2024.
DOI
10.2991/978-94-6463-402-0_18How to use a DOI?
Keywords
Cash Ratio; Net Profit Margin; Price to Book Value; Stock Return
Abstract

Between 2016 and 2020, the stock price development of the coal subsector was abnormal. When benchmark coal prices declined, coal stock prices climbed. This study seeks to determine, in part and concurrently, the influence of net profit margin, cash ratio, and price to book value on stock return in businesses listed on the Indonesia Stock Exchange in the coal subsector between 2017 and 2021. This study, which employs a quantitative technique, picked a sample of 19 coal subsector businesses listed on the Indonesia Stock Exchange between 2017 and 2021. SPSS was utilized for multiple linear regression analysis in this study. According to the t-statistic test results, there is no evident negative relationship between price-to-book value (PBV), cash ratio (CR), and stock return (SR). Net profit margin (NPM) has a significant positive impact on stock return (SR). According to the F-statistic test results, price-to-book value (PBV), cash ratio (CR), and net profit margin (NPM) all have a significant positive effect on stock return (SR).

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)
Series
Advances in Economics, Business and Management Research
Publication Date
30 May 2024
ISBN
978-94-6463-402-0
ISSN
2352-5428
DOI
10.2991/978-94-6463-402-0_18How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Michael Horas Korompis
AU  - Pristin Prima Sari
AU  - Alfiatul Maulida
PY  - 2024
DA  - 2024/05/30
TI  - The Effect of Price to Book Value, Cash Ratio, and Net Profit Margin on Stock Return in Coal Sub Sector Companies on the Indonesia Stock Exchange for the 2017-2021 Period
BT  - Proceedings of the 2nd International Conference on Management and Business (ICOMB 2023)
PB  - Atlantis Press
SP  - 157
EP  - 168
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-402-0_18
DO  - 10.2991/978-94-6463-402-0_18
ID  - Korompis2024
ER  -