PENGARUH LIKUIDITAS DAN MARKET VALUE ADDED (MVA) TERHADAP HARGA SAHAM

Abstract

This research aimed to examine the effect of liquidity and Market Value Added (MVA) on stock price.
While there were two independent variables, namely liquidity and MVA, and one dependent variable,
i.e. stock price. Meanwhile, the liquidity was measured by current ratio, market value was measured
by the difference in market value and invested capital; and stock price was the closing stock price at
the capital market. The research was quantitative. Moreover, the data collection technique used
purposive sampling, in which the sample was based on criteria given. In line with that, there were 57
samples from 30 manufacturing Food and beverages companies which were listed on Indonesia Stock
Exchange during 2018-2020. Furthermore, the data analysis technique used multiple linear regression
with SPSS 26. The research result concluded that both liquidity and MVA had a positive effect on
stock price. The higher the liquidity was, the higher the firm value would be. Likewise, the higher the
Market Value Added was, the higher the firm value would be and able to interest investors who would
invest money within the company. In addition, the stock price would also increase.