PENGARUH KINERJA KEUANGAN PADA RESPON INVESTOR

Abstract

This study aims to examine the effect of financial performance consisting of Current Ratio, ROA, ROE, and DER on investor response as measured by stock prices. This study took samples using a purposive sampling technique so that 22 LQ45 companies were listed on the Indonesia Stock Exchange for 3 years, namely 2017-2019. The analytical method used is multiple linear regression analysis. The results of this study indicate that: (a) the Current Ratio does not affect the stock price, this is because a low current ratio will cause a decrease in the market price of the stock price concerned, (b) Return on Assets has a positive effect on stock prices, meaning that a high ROA will increase the attractiveness of the company and attract investors because the rate of return will be greater and this will also have an impact on the company's stock price, (c) Return On Equity has a positive effect on stock prices, meaning that the company's performance is more efficient in using its capital to generate profits or net profits so that stock prices increase, (d) The debt to Equity Ratio has a positive effect on stock prices, meaning that debt that is managed well by the company will attract investors to invest so that stock prices also increase.
Keywords: current ratio, return on assets, return on equity, debt to equity ratio, stock price