The Influence of Leverage, Profitability and Stock Price on Sustainable Growth Rate in Banking Companies on The Indonesian Stock Exchange
Keywords:
Leverage, Profitability, Stock Price, Sustainable Growth RateAbstract
ABSTRACT. This study aims to analyze the effect of leverage, profitability, and stock prices on the sustainable growth rate. The variables used are leverage, profitability, and stock prices as the independent variables and the sustainable growth rate as the dependent variable. This study also aims to describe the state of leverage as measured by the debt to equity ratio (DER), profitability as measured by the Ratio on Assets, Stock Price is measured by determining the closing stock price and the sustainable growth rate (SGR) of banking companies. This research was conducted at banking companies listed on the Indonesia Stock Exchange in 2020-2022. The data analysis technique used is multiple linear regression to examine the effect of each independent variable on the dependent variable partially and simultaneously. Previously, classical assumption tests were carried out which included data normality tests, multicollinearity tests, heteroscedasticity tests and autocorrelation tests. The results of the study show that leverage has no effect on the sustainable growth rate, profitability has an effect on the sustainable growth rate, and stock prices have no significant effect on the sustainable growth rate.
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