Analysis of the influence of the combined stock price index (ihsg), total daily transaction value and adjusted net working capital (mkbd) on the profitability of securities companies
Keywords:
The Combined Stock Price Index (IHSG), Profitability of Securities Companies, Daily Transaction Value, Adjusted Net Working Capital (MKBD)Abstract
This research aims to analyze the influence of Composite Stock Price Index (IHSG), total daily transaction values, and Adjusted Net Working Capital (MKBD) on the profitability of securities companies in Indonesia. The data used in this research is secondary data obtained from financial reports and other reporting data received by the Financial Service Authority (OJK). Using regression of panel data set from 90 securities companies during 2017 – 2022 period, we find that Composite Stock Price Index, total daily transaction values, and Adjusted Net Working Capital have significant evidence to increase the profitability of securities companies in Indonesia. Moreover, this research also provides recommendations for regulators and capital market practitioners to strengthen policies and performance of securities companies.
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