PENGARUH PROFITABILITAS, KEBIJAKAN DIVIDEN, STRUKTUR AKTIVA DAN STRUKTUR MODAL TERHADAP HARGA SAHAM

Abstract

This research aimed to examine the effect of profitability, dividend policy, asset structure, and capital structure on the stock price of Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) during 20182021. The profitability was measured by Return On Asset (ROA), dividend policy was measured by Dividend Payout Ratio (DPR), asset structure was measured by Fixed Asset Ratio (FAR), and capital structure was measured by Debt to Equity Ratio (DER). Moreover, the data were secondary in the form of companies’ financial statements. The data collection technique used purposive sampling, with 10 companies as the sample, with data observation for 4 years during 20182021. Furthermore, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 26. The research result concluded that profitability, as well as capital structure, had a positive impact on the stock price. In contrast, asset structure had a negative impact on the n stock price. On the other hand, the dividend policy did not affect t stock price of Food and Beverage companies that were listed on the Indonesia Stock Exchange (IDX) during 2018-2021.