Asset Structure, Growth Opportunity, Size, and Profitability on Stock Prices of Technology-Based Companies in Indonesia

Abstract

ABSTRACT

This study aims to determine the effect of asset structure, growth opportunity, size, and profitability on stock prices of go-public technology-based companies. This study uses a quantitative method with a descriptive approach. The collection method used is the documentation method. The population in this study are technology-based companies listed on the IDXTECHNO index on the Indonesia Stock Exchange from 2020 until 2021. The sample was selected using the purposive sampling method, with the final number of samples used as many as 15 companies. The data were processed using multiple linear regression with the help of SPSS version 25. The results showed that, partially, the asset structure, growth opportunity, and firm size have no effects on stock prices, while profitability significantly affects stock prices. Simultaneously it is known that the asset structure, growth opportunity, size, and profitability affect the stock price of technology-based companies on the IDX.