Abstract
This study aims to determine and analyze the effect of liquidity and financial distress simultaneously and partially on stock prices in pharmaceutical companies listed on the Indonesia Stock Exchange, as well as to determine the most dominant variable influencing stock prices in pharmaceutical companies listed on the Indonesia Stock Exchange. The type of research used in this research is quantitative research with an associative approach that is causal (causal research). The population used in this study was taken from the annual reports of pharmaceutical sub-sector companies that have been listed on the Indonesia Stock Exchange in the 2017-2022 period as many as 11 companies. Based on the purposive sampling method, the samples used in this study were 8 pharmaceutical sub-sector companies on the Indonesia Stock Exchange in the 2017-2022 period. Data processing uses SPSS 21. The results of the study prove that simultaneously, liquidity and financial distress have a positive and significant effect on stock prices. Partially, liquidity has a positive and significant effect on stock prices, while financial distress has a negative and significant effect on stock prices. From the research results, it is known that the coefficient of determination (R2) is 0.698 or 69.8%.
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