Apakah harga saham dapat dipengaruhi oleh current ratio, return on asset dan net profit margin dengan nisbah bagi hasil sebagai variabel intervening ?

Abstract

This study aims to determine the effect of the current ratio, return on assets, and net profit margin on stock prices, with the profit-sharing ratio as an intervening variable. This research uses quantitative methods by processing secondary data from financial reports, financial statements, and performance summaries of listed companies on the Jakarta Islamic Index. Data analysis uses the path analysis approach. Based on the data test conducted, the results were found: the current ratio has a significant positive effect on the dividend payout ratio, return on assets has a significant positive effect on the dividend payout ratio, the net profit margin has a significant adverse effect on the dividend payout ratio, the dividend payout ratio cannot mediate the effect of the current ratio, net profit margin, on the stock price. However, able to mediate the effect of return on assets on stock prices.