Arrival of Religious Figures : Impact or Not on Stock Prices
Kedatangan Tokoh Agama : Berdampak atau Tidak Terhadap Harga Saham
DOI:
https://doi.org/10.21070/ups.9126Keywords:
Company Growth Rate, Liquidity, Debt To Asset Ratio (DAR), Stock PriceAbstract
This study aims to determine whether the arrival of religious figures: has an impact or not on stock
prices, especially on the variables of company growth rate, liquidity and debt to asset ratio (DAR) in
infrastructure companies listed on the Indonesian Stock Exchange during the period 2021-2023 and the
time period used in the study was 6 months before the arrival of religious figures and 6 months after the
arrival of religious figures. researchers used purposive sampling with 22 company samples used. The
results of the study showed that the company's growth rate and liquidity did not have a significant effect on
prices before or after the arrival of religious figures, while the debt to asset ratio (DAR) had a significant
effect on stock prices before and after the arrival of religious figures.
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