PENGARUH KINERJA KEUANGAN, KEBIJAKAN DIVIDEN, DAN UKURAN PERUSAHAAN TERHADAP HARGA SAHAM LQ45

Abstract

The purpose of this research is to test the influence of financial performance, dividend policy, and firm
size to the stock price of the company. The sample of this research is the LQ45 Company which is listed in
Indonesia Stock Exchange in 2013-2015 periods. The total sample research in 18 company which has been
determine by using purposive sampling. And The analysis method has been carried out by using multiple linear
regressions analysis. The result of this research shows that: Return on Investment (ROI) does not have any
influence to the stock price. It does not have any influence because the profit from the enhancement of the ROI is
not shared but it is used for assets managementactivity; Return on Equity (ROE) has significant and positive
influence. The investors consider that the ROE is the measure of profitability in generating optimal profit;
Earning per Share (EPS) has significant and positive influence. High EPS will increase the interest of the
investors, because EPS describe the capability of the company in generating profit on each stock sheet. Dividend
Payout Ratio (DPR) does not have any influence to the stock price. Because the undistributed profitin the form
of dividend will be used for the development of the company in which it is expected that it can increase the stock
price so it generates capital gain; Total Asset (TA) has significant and positive influence. The investors has
assumed that large company is more profitable and it shows that the company is well established
Keywords: Financial performance, dividend policy, firm size, stock price.