ANALISIS DETERMINASI KINERJA PERUSAHAAN TERHADAP HARGA SAHAM (Pada Perusahaan Manufaktur Yang Tercatat Di Bursa Efek Indonesia )

Abstract

The purpose of this research is to find out and analyze the influence of company performance on stock prices. The parameters used in measuring company performance are the debt ratio (Debt to Equity Ratio), current ratio (Current Ratio) and profitability ratio (Return on Equity), while the stock price used is the price at closing (closing price). The research was conducted on 12 food and beverage (sub-sector) manufacturing companies listed on the Indonesia Stock Exchange (IDX). The analysis tool used is multiple regression and coefficient of determination. The results of the research show that debt ratio and current ratio have negative regression coefficients, meaning that any increase in debt ratio and current ratio can reduce stock prices. While the profitability ratio of the regression coefficient is positive, that is every increase in Return On Equity can increase stock prices. Based on significance test simultaneously shows a significant influence on debt ratio, current ratio and profitability ratio to stock prices. Partially only profitability ratio have significant effect, while debt and current ratio have no significant effect on stock prices.

Keyword : Debt to Equity Ratio,Current ratio, Return on Equity, Stock Price