Analysis of Factors Affecting Stock Price with Capital Structure as a Moderation Variable in Food and Beverage Companies Listed on The IDX for 2015-2021

Abstract

The research examines the effect of Return on Equity (ROE) and Price to Book. Value (PBV), Earning per Share (EPS), Dividend Payout Ratio (DPR), and Trading Volume on Stock Prices with Debt to Asset Ratio (DAR) as a moderating variable. The object of this research contains 12 Food and Beverage Companies that are listed on BEI in the years 2015-2021. The sample of this research was chosen by using a purposive sampling method, which are nine companies with ten trillion rupiahs and consistently pay their dividend in 2015-2021. The analysis method involves panel data regression, statistic descriptive, multiple linear regression, and moderating test. The result of this study indicates that the variable Return on Equity, Price to Book Value, Dividend Payout Ratio, and Trading Volume have positive and significant effect on stock prices. Meanwhile, Earnings per Share have a negative and insignificant on stock prices. Capital structure as a moderating variable is capable to moderate ROE, PBV, EPS, DPR, and trading volume on stock prices. Keywords: Return on Equity, Price to Book Value, Earning per Share, DividendPayout Ratio, Trading Volume, Capital Structure, Stock Prices