Uncovering the Role of Information Technology Investments in Stabilizing Stock Prices: A Case Study on the Financial Performance of Companies in the Financial Sector

Namira Lia Qanitah and Yuli Agustina ()
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Namira Lia Qanitah: Universitas Negeri Malang
Yuli Agustina: Universitas Negeri Malang

A chapter in Proceedings of the 8th International Research Conference on Economic and Business (IRCEB 2024), 2025, pp 239-259 from Springer

Abstract: Abstract The research study examines the connection between stock prices and financial performance, with information technology (IT) investments as a moderating variable. The sample consists of 41 financial sector companies listed on the Indonesia Stock Exchange between 2019 and 2022. The data analyzed includes stock prices and financial reports, employing the partial least square (PLS) method using SmartPLS 4.0 software. The findings reveal that the current ratio, debt-to-asset ratio, and return on assets do not significantly affect the price of stocks, whereas return on equity has a significant impact. Furthermore, IT investments moderate the effect of the debt-to-asset ratio on stock prices.

Keywords: Financial Performance; Stock Prices; Information Technology Investments (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-722-9_21

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DOI: 10.2991/978-94-6463-722-9_21

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