PENGARUH STRUKTUR MODAL, PROFITABILITAS, DAN INFLASI TERHADAP HARGA SAHAM SUB SEKTOR FARMASI YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2017-2021

The pharmaceutical industry is the fourth largest non-oil and gas manufacturing industry contributing to the national economy. During the 2020 Covid-19 pandemic, the pharmaceutical industry still grew positively compared to other non-oil and gas industries, and contributed 0.17 percent to the Indonesian economy (BPS, 2021).
With its strong potential and being one of the engines of economic growth, the pharmaceutical industry plays an important role in the industrial landscape in Indonesia. This research was conducted to determine the effect of capital structure and profitability on share prices in Pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange for the 2017-2021 period, the number of companies sampled and meeting the criteria was six companies, and the amount of data studied was 30. Tools The analysis used includes determining the panel data model, namely panel data regression analysis and hypothesis testing.
The results of this research show that together capital structure, profitability and inflation have a positive and significant influence on pharmaceutical stock prices, where if the values of these three variables increase, pharmaceutical stock prices will also increase.