How Financial Performance Affects Stock Prices: Evidence from Healthcare Firms (2019–2023)

Authors

  • Lukman Hakim University of Swadaya Gunung Jati Cirebon
  • Salma Putri Khairunnisa University of Swadaya Gunung Jati Cirebon
  • Benny Dhevyanto University of Swadaya Gunung Jati Cirebon

DOI:

https://doi.org/10.21111/at.v11i1.14303

Keywords:

Stock Price, Dividend per Share, Earning per Share, Price Earning Ratio, Return on Equity

Abstract

This The COVID-19 pandemic has had a dominant effect on the world economy, especially on the Indonesian stock market. The medical sector is considered a sector that displays resilience and also attracts many investors, characterized by the rise and fall of stock values. This lesson wants to explore each effect of the variables that have been determined to be the topic of discussion in this study at the IDX since 2019-2023. The lesson uses a quantitative method whose reports are analyzed from multiple linear regression. The report is obtained from company fund data determined from purposive sampling, then using the SPSS tool to analyze the report. The classical assumption test is produced if the report is in line with the normality standard and does not show symptoms of multicollinearity, heteroscedasticity and autocorrelation. From the partial results, EPS and PER contribute to stock value, but ROE and DPS do not. Simultaneously, each independent variable contributes significantly to stock value. The results show the priority of market expectations and benefits for investing in the medical sector after the pandemic.

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Published

2025-06-30

How to Cite

Lukman Hakim, Salma Putri Khairunnisa, & Benny Dhevyanto. (2025). How Financial Performance Affects Stock Prices: Evidence from Healthcare Firms (2019–2023). Al Tijarah, 11(1), 103–120. https://doi.org/10.21111/at.v11i1.14303