Liquidity, managerial ownership and price to book value on stock prices in transportation sub sector companies

Stock prices in transportation sub-sector companies are still fluctuating and tend to decline. It indicates that investors' confidence in companies in transportation sub-sector companies is decreasing due to declining stock prices which are assumed to decrease the company's performance. It causes a market response and investors are not optimistic about investing their capital in sub-sector transportation companies. Data were obtained by accessing the IDX website. Determination of this location is done with the consideration that the companies
that go public in the transportation sub-sector companies are relevant to the research topic taken, especially regarding stock prices which are still fluctuating and are not according to plan caused by many factors, one of which is liquidity, managerial ownership and price to book value. This study empirically examines the effect of liquidity, managerial ownership and cost to book value (PBV) on stock prices in transportation sub-sector companies in 2018-2020. The population in this study are companies registered in the transportation sub-sector, with a total of 46 companies. The research method used purposive sampling. This type of data uses quantitative data and secondary data sources. Methods of data collection using the study of documentation. The data analysis technique used a multiple linear regression test. The results show that liquidity did not significantly affect stock prices in transportation sub-sector companies in 2018-2020. Managerial ownership and price-to-book value (PBV) positively and significantly affected stock prices in transportation sub-sector companies in 2018-2020.