The Influence of Financial Performance on Stock Prices Moderated by Institutional Ownership (Case Study of Textile and Garment Companies)

Fera Firyal Thahir ()
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Fera Firyal Thahir: Universitas Hasanuddin

A chapter in Proceedings of the 8th International Conference on Accounting, Management, and Economics (ICAME 2023), 2024, pp 45-68 from Springer

Abstract: Abstract This study aims to determine: (1) the influence of Return On Assets (ROA) on institutional ownership, (2) the influence of Earning Per Share (EPS) on institutional ownership, (3) the influence of Return On Equity (ROE) on institutional ownership, (4) the influence of ROA on stock prices, (5) the influence of EPS on stock prices, (6) the influence of ROE on stock prices, (7) the influence of institutional ownership on stock prices, (8) the influence of ROA on stock prices is moderated by institutional ownership, (9) the influence of EPS on stock prices is moderated by institutional ownership, and (10) the influence of ROE on stock prices is moderated by institutional ownership of textile and garment companies listed on the indonesian stock exchange in 2022. The population in this study is all companies engaged in textiles and garment and are listed on the Indonesia Stock Exchange in 2022. The sample in this study was 18 textile and garment companies. The data in this study was collected using the documentation method, then analyzed using path analysis with the help of the SPSS 20 program. The results showed that: (1) ROA had a negative but insignificant influence on institutional ownership, (2) EPS had a positive but insignificant influence on institutional ownership, (3) ROE had a negative but insignificant influence on institutional ownership, (4) ROA had a positive but insignificant influence on stock prices, (5) EPS had a positive but not significant influence on stock prices, (6) ROE had a negative but not significant influence on stock prices, (6) ROE had a negative but not significant influence on stock prices, (7) institutional ownership has a negative but insignificant influence on stock prices, (8) ROA has a positive but insignificant influence on stock prices moderated by institutional ownership, (9) EPS has a negative but insignificant influence on stock prices moderated by institutional ownership, and (10) ROE has a positive but insignificant influence on stock prices moderated by institutional ownership of textile and garment companies listed on the Indonesia Stock Exchange in 2022.

Keywords: financial performance; stock prices; institutional ownership; textile and garment companies (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-400-6_4

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