Pengaruh Kinerja Keuangan dan Volatilitas Laba Terhadap Volatilitas Harga Saham Pada Perusahaan Teknologi yang Terdaftar di BEI Periode 2019-2024

Abstract

This study aims to analyze the effect of financial performance, measured by Return on Assets (ROA), Return on Equity (ROE), Debt to Equity Ratio (DER), and Earnings Per Share (EPS), as well as earnings volatility on stock price volatility in technology companies listed on the Indonesia Stock Exchange during the period 2019–2024. The research employs a quantitative approach, with samples selected using purposive sampling based on the availability of annual reports and stock price data. The analysis includes classical assumption tests, coefficient of determination (R²), F-test, and t-test. The results indicate that financial performance has no significant effect on stock price volatility, while earnings volatility has a positive and significant effect. Simultaneously, the two variables show no significant effect on stock price volatility. The R² value of 5.8% suggests that most variations in stock price volatility are influenced by external factors beyond the research model.