The Effect of Audit Opinion, Size of Public Accounting Firms, Profitability, And Inflation on Stock Prices In Healthcare Sector Companies Listed (Indonesia Stock Exchange)

Abstract

This study aims to determine the effect of audit quality, profitability, and inflation on stock prices. This research uses secondary data from the audited financial statements of healthcare sector companies listed on the Indonesia Stock Exchange (IDX) for 2020-2023. The population used in this study consists of 34 healthcare companies listed on the IDX during the years 2020-2023. There were 18 sample companies obtained by purposive sampling. The analysis method used is multiple regression analysis with IBM SPSS Statistics 25 as the tool to process the data and test the variables of audit quality, which is proxied by audit opinion and the size of the public accounting firm, profitability measured by earnings per share, and inflation on stock prices. The results of the study prove that partially, only the profitability variable has a significant positive effect on stock prices. Meanwhile, audit quality, proxied by audit opinion and the size of the public accounting firm, as well as inflation, do not have a significant effect on stock prices, both partially and simultaneously.