PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN YANG TERDAFTAR DI BEI

Abstract

Stock price reflects the value of a company. If the company achieves good achievement, then the share of the
company will be demanded by investors. This research is meant to examine the influence of financial
performance which consists of Current Ratio (CR), Return on Equity (ROE), Price Earning Ratio (PER) and
Earning Per Share (EPS) to the share price of the companies which are included in LQ45 index which are listed
on Indonesia Stock Exchange.The population in this research has been obtained by using purposive sampling
method on LQ45 companies which are listed in Indonesia Stock Exchange (IDX) in 2011-2015 periods. 21
companies have been selected as samples by using the purposive sampling method. The analysis technique has
been done by using multiple linear regression; meanwhile the hypothesis test has been done by using t test and F
test with its significance level is 5%. The classic assumption test which has been done in this research includes
normality test, multicolinearity test, autocorrelation test and heteroscedasticity test with SPSS 23
application.Based on the result of the research, it has been found that parttially Current ratio does not have any
influence to the share price with its sigificance level > 0.05. Meanwhile, Return on Equity (ROE), Price
Earnings Ratio (PER), and Earning Per Share (EPS) give positive influence to the share price with its
significance level < 5%. It shows that simultaneously the financial performance give significance influence to the
share price with its significance is < 0.05.
Keywords: Current ratio, return on equity, price earnings ratio, earning per share, share price.