PENGARUH TOTAL DEBT TO EQUITY RATIO, DIVIDEND PAYOT RATIO DAN LIKUIDITAS TERHADAP HARGA SAHAM (PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA)

Abstract

This researchis aimed to examine the influence of firm characteristics which is proxy by debt to equity ratio,dividend payout ratioand current ratio to the stock price to the annual financial statements which have been prepared by food and beverages companies which arelisted in the Indonesia Stock Exchange. The population have been obtained by using purposive sampling on food and beverages companies which arelisted inIndonesia Stock Exchange in 2011-2015 periods and based on the predetermined criteria, 9 food and beverages companies have been selected as samples. The analysis method has been done by using multiple linear regressions analysis and SPSS (Statistical Product and Service Solution). The result of the research shows that debt to equity ratio give significant and positive influenceto the stock price. The dividend payout ratio give significant and positive influence to the stock price. Meanwhile, the current ratio variable does not give any significant and positive influenceto the stock prices.
Keywords: debt to equity ratio, dividend payout ratio, liquidity and stock price