PENGARUH FAKTOR FUNDAMENTAL DAN MAKRO EKONOMI TERHADAP HARGA SAHAM (Studi Pada Perusahaan LQ-45 Yang Terdaftar Di Bursa Efek Indonesia)

Abstract

This research aimed to examine and analyze the effect liquidity, profitability, sales growth, dividend policy and
inflation on stock price of LQ-45 companies. The research was quantitative. While, the population was
companies with LQ45 index, which were listed on Indonesia Stock Exchange during 2014-2018. Moreover, the
data collection technique used purposive sampling. In line with, there were 12 companies within 5 years
observation. Thus, the total data was 60. Furthermore, the data analysis technique used multiple linier
regression. The research result concluded liquidity (Current Ratio) had positive effect on stock price of LQ-45
companies during 2014-2018. Likewise, dividend policy (Dividend Payout Ratio) had positive effect on stock
price of LQ-45 companies durung 2014-2018. Additionally, profitability (Return On Asset) did not affect stock
price of LQ-45 companies during 2014-2018. Likewise, Sales Growth did not affect stock price of LQ-45
companies during 2014-2018. Similarly, inflation (Consumers Price Index) did not affect stock price of LQ-45
companies during 2014-2018.
Keyword: stock price, liquidity, profitability, sales growth. dividend policy, inflation