PENGARUH RETURN ON ASSET DAN UKURAN PERUSAHAAN TERHADA HARGA SAHAM PT WIJAYA KARYA (PERSERO) TBK PERIODE 2014 – 2024

Abstract

The purpose of this study is to analyze the effect of Return on Asset (ROA) and Company Size on the Stock Price of PT Wijaya Karya (Persero) Tbk for the period 2014-2024. This method uses a descriptive quantitative approach with secondary data obtained from the company's annual financial report obtained from investor-id.wika.co.id. This study uses multiple linear regression analysis, classical assumption tests including normality tests, multicollinearity tests, heteroscedasticity tests and autocorrelation tests, determination tests (R Square), significance testers including T Test and F Test. partial research results (T Test) show that Return on Asset (ROA) has an effect with a T-count value of 2,512 while T-table is 2,306 and a sig value of 0,036 (significant). So it can be seen from the T-count is greater than the T-table (2,512 > 2,306) with a sig value less than 0,05 (0,036 < 0,05), then the proposed hypothesis is accepted or said to be significant to the Stock Price at PT Wijaya Karya (Persero) Tbk for the period 2014-2024, while partial research (T-test) found that Company Size has an effect with a T-count value of 3,153, while the T-table is 2,306 with a sig value of 0,014. So it can be seen that the T-count is smaller than the T-table (3,153 >2,306), and the sig value is smaller than 0,05 (0,014 <0,05), then the proposed hypothesis is accepted or said to be significant to the Stock Price of PT Wijaya Karya (Persero) Tbk for the period 2014-2024. The results of the study simultaneously (F Test) simultaneously, Return on Asset and Company Size with F-statistics of 16,624 with a sig value of 0,001 < 0,05, then the hypothesis proposed is accepted or said to be significant to Stock Prices during the period 2014-2024, with a confidence level of (R Square) 0,806 or 80.6% while the rest is explained by other variables outside this study. That shows good liquidity can increase the value of the company.