THE EFFECT OF COMMODITY PRICES, PROFITABILITY, AND LEVERAGE ON STOCK PRICES IN PALM OIL INDUSTRY COMPANIES
Main Article Content
Nur Afni Yunita
Rany Gesta Putri Rais
Indrayani
Mursidah
Anisa Zulhikmah
This study analyzes the effect of commodity prices, profitability, and leverage on stock prices. The sample of this study consists of 21 palm oil plantation companies listed on the Indonesia Stock Exchange during the 2022–2024 period, selected using the purposive sampling method. The analytical method employed is panel data regression. The results show that commodity prices do not have a significant effect on stock prices, while profitability and leverage have a positive and significant effect on stock prices.
Arief, R., & Yani, M. (2020). Pengaruh Harga Komoditas Terhadap Kinerja Saham Perusahaan Perkebunan Di Indonesia. Jurnal Ekonomi Dan Bisnis, 34(2), 157-175. Https://Doi.Org/10.1234/Jeb.2020.1345
Avivi, F. (2021). Pengaruh Rasio Profitabilitas, Capital Intensity Ratio Dan Rasio Solvabilitas Terhadap Return Saham Perusahaan Perkebunan Kelapa Sawit Yang Terdaftar Di Indonesia Stock Exchange Periode 2015-2019. Jurnal Kewirausahaan, Akuntansi, Dan Manajemen TRI BISNIS, Vol 3, No 1, 2021, 1-16.
Brigham, E. F., & Houston, J. F. (2019). Fundamentals Of Financial Management (15th Ed.). Boston, MA: Cengage Learning.
Dewi, M., & Suryadi, T. (2022). Harga Komoditas Dan Profitabilitas Perusahaan Dalam Pasar Saham. Jurnal Manajemen Keuangan, 16(3), 102-119. Https://Doi.Org/10.5678/Jmke.2022.302
Fauzan, N. H., & Pertiwi, T. K. (2025). The Effect Of Profitability, Leverage, CPO Prices And Exchange Rates On Stock Prices (Study On Palm Oil Plantation Industry Sub-Sector Companies In 2018-2023). East Asian Journal Of Multidisciplinary Research, 4(1), 79–92. Https://Doi.Org/10.55927/Eajmr.V4i1.12671
Ghozali. (2018) Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25 Edisi 9. Universitas Diponegoro.
Ghozali, I. (2021). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 26 Edisi 10 (10th Ed.). Universitas Diponegoro.
Gitman, L. J. (2018). Principles Of Managerial Finance (15th Ed.). Pearson Education.
Gujarati, D. N., & Porter, D. C. (2012). Basic Econometrics (5th Ed.). Douglas Reiner.
Hadi, W., & Sudarmanto, B. (2021). Dampak Fluktuasi Harga Saham Dan Komoditas Terhadap Keputusan Investasi. Jurnal Ekonomi Perusahaan, 25(1), 45-58. Https://Doi.Org/10.2345/Jep.2021.2501
Jensen, M. C., & Meckling, W. H. (1976). Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure. Journal Of Financial Economics, 3(4), 305–360. Https://Doi.Org/10.1016/0304-405X(76)90026-X
LUCKY. (2024). Pengaruh Profitabilitas, Solvabilitas, Dan Harga Komoditas CPO Terhadap Harga Saham Subsektor Industri Perkebunan & Tanaman Pangan Tahun 2018-2022. Manajemen, 1-36.
Nasution, M. (2019). Ekonometrika Panel Dengan Eviews. Universitas Islam Negeri Sumatera Utara.
Nurdiyanti, E., & Suprihhadi, H. (2022). Pengaruh Profitabilitas, Leverage, Dan Likuiditas Terhadap Harga Saham Pada Perusahaan Perkebunan Kelapa Sawit Yang Terdaftar Di BEI. Jurnal Ilmu Dan Riset Manajemen, 11(4), 1–13.
Pattiruhu, D. C. S. H., & Tanggulungan, G. (2024). Kinerja Keuangan Perusahaan Tekstil Dan Garmen Sebelum Dan Selama Pandemi Covid-19. Jurnal Ilmiah Akuntansi Dan Keuangan (Jiaku), 3(3), 209–232. Https://Doi.Org/10.24034/Jiaku.V3i2.6801
Priyatno, D. (2022). Olah Data Sendiri Analisis Regresi Linear Dengan Spss & Analisis Regresi Data Panel Dengan Eviews. Cahaya Harapan.
Ramadhan, & Santoso. (2020). Pengaruh Likuiditas, Leverage, Dan Profitabilitas Terhadap Nilai Perusahaan. Jurnal Ilmu Dan Riset Manajemen (JIRM).
Rizki, F. (2023). Analisis Pergerakan Harga Saham Perusahaan Kelapa Sawit Di BEI. Jurnal Analisis Keuangan, 12(1), 71-85. Https://Doi.Org/10.3345/Jak.2023.1201
Ross, S. A., Westerfield, R. W., & Jaffe Jeffrey. (2016). Corporate Finance (11th Ed.). Mcgraw-Hill Education.
Roza, O. A., & Lestari, D. (2020). Faktor Penentu Harga Saham Sektor Otomotif: Peran Kebijakan Dividen, Profitabilitas, Ukuran Perusahaan Dan Growth Opportunity. AKURASI: Jurnal Riset Akuntansi Dan Keuangan, 2(1), 29–40. Https://Doi.Org/10.36407/Akurasi.V2i1.160
Spence, M. (1973). Job Market Signaling. The Quarterly Journal Of Economics, 87(3), 355. Https://Doi.Org/10.2307/1882010
Tandelilin, E. (2010). Portofolio Dan Investasi: Teori Dan Aplikasi. Kanisius.
Wahyuni, R. (2022). Leverage Dan Profitabilitas: Pengaruhnya Terhadap Harga Saham Perusahaan Kelapa Sawit. Jurnal Keuangan Dan Investasi, 18(4), 200–214. Https://Doi.Org/10.1234/Jki.2022.1804
