The Effect Of Earning Per Share, Current Ratio, Inflation, And Exchange Rate On Islamic Stock Prices: Empirical Evidence Of Healthcare Sector Stocks Listed On ISSI Before And During The Covid-19 Pandemic

Abstract

The purpose of this study is to explain the effect of Earnings Per Share, Current Ratio, Inflation, and Exchange Rate on Stock Prices as well as to determine whether there are differences in Stock Prices before and during the Covid-19 Pandemic. In this study the methods used are descriptive, associative, and comparative methods. The sample used was 14 healthcare sector companies listed on ISSI with purposive sampling method.

Based on the results of the study, the effect of earning per share, current ratio, inflation, and rupiah exchange rate on stock prices using the multiple regression equation LNYit = -40.32546 + 0.002196 X1 + 0.043208 X2 - 8.594766 X3 + 4.963637 LNX4 + E. The coefficient of determiation is 13.13%. The determiation coefficient value of 13.13% shows the effect of earning per share, current ratio, inflation, and rupiah exchange rate on stock prices, while the remaining 86.87% is influenced by other factors. The T test results show that there is a significant influence between earning per share on stock prices, while current ratio, inflation, and exchange rates have no significant effect on stock prices. And the results of the F test, Fcount> Ftabel (3.079252> 2.553) can be concluded that the variables of earning per share, current ratio, inflation, and rupiah exchange rate have a significant effect on the share price of healthcare companies listed on the ISSI.