PENGARUH PROFITABILITAS, LIKUIDITAS, DAN INFLASI TERHADAP HARGA SAHAM PERUSAHAAN PADA INDEKS LQ45

Abstract

This research aimed to examine the effect of profitability, liquidity, and inflation on stock price. While, profitability
was measured by return on asset and return on equity. Meanwhile, liquidity was measured by current ratio. The
research was causal-comparative with quantitative as the approach. This kind of research aimed to find out the
cause and effect correlation among the variables. Moreover, the population was 25 LQ45 companies which were
listed on Indonesia Stock Exchange during 2015 – 2018. Furthermore, the data collection technique used purposive
sampling, in which the sample was based on criteria given. In line with, there were 100 samples. Additionally, the
data analysis technique used multiple linier regressions with SPSS 21. The research result concluded return on
asset had positive and significant effect on stock price. On the other hand, current ratio had negative and signficant
effect on stock price. On the contrary, return on equity had insignificant effect on stock price. Likewise, inflation
had insignificant effect on stock price.
Keywords: profitability, liquidity, inflation, stock price.