Pengaruh Investor Sentimen dan Kinerja Keuangan Perusahaan terhadap Harga Saham (Studi Kasus pada Sektor Perusahaan Teknologi yang Terdaftar di BEI Periode 2019-2023)

Abstract

This study analyzes the influence of investor sentiment and financial performance on stock prices in technology sector companies listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. The independent variables tested include investor sentiment, Return On Equity ROE), Earnings Per Share (EPS), and Price To Earnings Ratio (PER), while the dependent variable is stock price. This research employs a quantitative method using multiple regression analysis on panel data. The sample consists of 13 companies selected through purposive sampling. The results show that investor sentiment, ROE, and PER do not significantly affect stock prices, whereas EPS has a positive and significant impact. This suggests that investors in the technology sector prioritize Earnings Per Share over psychological factors and other financial ratios when making investment decisions.