The Effect of Debt to Asset Ratio and Return on Investment on Stock Price (Empirical Study on Coal Sub-Sector Mining Companies)


  • Mochamad Kohar Mudzakar ,Raden Resa Oktaviani ,Muhamad Salman Fajari Rumayar ,Nabila Ayu Kresna ,Maulana Yusuf ,Yuyu Aliwahyudin Faculty of Economics and Business Widyatama University Bandung


Debt To Asset Ratio, Return on Investment, Stock Price.


The purpose of the study was to determine the effect of debt to asset ratio and return on investment on stock prices. The research method used is explanatory the data used is secondary data. The research population is coal sub-sector mining companies listed on the Indonesia Stock Exchange for the 2017-2019 period. Sampling using purposive sampling, obtained a sample of 18 companies with a total of 54 observations. The data analysis method used panel data analysis and data testing using Eviews 10. The results showed that the debt to asset ratio and return on investment both partially and simultaneously had an effect on stock prices.